BitFrontier Capital Holdings, Inc. Takes Delivery of its First Cryptomining FacilityPress Release |
BitFrontier Capital Holdings, Inc. Takes Delivery of its First Cryptomining Facility
https://www.otcmarkets.com/stock/BFCH/news/BitFrontier-Capital-Holdings-Inc-Takes-Delivery-of-its-First-Cryptomining-Facility?id=222962
BitFrontier Capital Holdings, Inc. Completes Acquisition of TelesisIT
https://www.otcmarkets.com/stock/BFCH/news/BitFrontier-Capital-Holdings-Inc-Completes-Acquisition-of-TelesisIT?id=217107
BitFrontier Capital Holdings, Inc. (OTC: BFCH) Completes Land Survey For Its First Cryptomining Facility and Provides Shareholder Update
https://www.otcmarkets.com/stock/BFCH/news/BitFrontier-Capital-Holdings-Inc-OTC-BFCH-Completes-Land-Survey-For-Its-First-Cryptomining-Facility-and-Provides-Shareho?id=210841
BitFrontier Capital Holdings, Inc. (OTC: BFCH) Makes Deposit on its First Cryptomining Facility
https://www.otcmarkets.com/stock/BFCH/news/BitFrontier-Capital-Holdings-Inc-OTC-BFCH-Makes-Deposit-on-its-First-Cryptomining-Facility?id=209302
BitFrontier Capital Holdings, Inc. (OTC PINK: BFCH) Provides Shareholder Update and Announces New Revenue Stream
https://www.otcmarkets.com/stock/BFCH/news/BitFrontier-Capital-Holdings-Inc-OTC-PINK-BFCH-Provides-Shareholder-Update-and-Announces-New-Revenue-Stream?id=208205
BitFrontier Capital Holdings, Inc. (OTC PINK: BFCH) Announces the Formal Court Complaint has Been Filed to Cancel Over 12 Billion Shares of the Company's Common Stock
https://www.otcmarkets.com/stock/BFCH/news/BitFrontier-Capital-Holdings-Inc-OTC-PINK-BFCH-Announces-the-Formal-Court-Complaint-has-Been-Filed-to-Cancel-Over-12-Bil?id=205178
https://www.otcmarkets.com/stock/BFCH/news
Reinstated in Wyoming on 12/14/2017
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=092220102197043084188042092211078181116022252140
About BitFrontier Capital: "BitFrontier Capital Holdings is a blockchain-oriented company focused on the cryptocurrency markets. We plan on expanding operations in the Bitcoin mining industry, and see great potential in this rapidly expanding sector. Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the blockchain, and also the means through which new Bitcoins are released."
Last filing before 12/18/17 was in August of 2010
Filing on Merger released 12/20/2017:
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=184709
"On December 13, 2017, the Company acquired all of the issued and outstanding shares of BitFrontier Capital Investments, Inc. All references in the accompanying financial statements and the number of Common Shares issued have been restated to reflect the acquisition."
"Section 7.01 PURIO Name Change, Ticker Change, A/S Decrease, and Par Value Change
"At or prior to the Closing Date, PURIO shall change its corporate name to BitFrontier Capital Holdings, Inc., change its ticker to BITF or if not available BTCF , a mend its certificate of incorporation to decrease its authorized capital to 17,550,000,000 shares. "
"Of our 12,400,263,104 outstanding shares of Common Stock, 12,000,189,958 bear a restricted legend substantially in the following form “The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended and may not be sold or transferred without registration under said Act or an exemption therefrom”.
>> So the AUTHORIZED is being reduced from 49.88B to 17.55B. THIS is a 32 BILLION SHARE DECREASE.
Additionally, 12 Billion shares are restriced of the new 17.55B AS and 12.40B OS.
Highlights:
"BitFrontier Capital Investments is a blockchain - oriented company focused on the cryptocurrency markets. The Company is planning to build a data - center type warehouse to host/maintain cryptocurrency mining equipment, also known as tran saction verification services. The Company also plans to invest in both private/public companies in the blockchain industry through the use of convertible notes and other debentures."
"Once the Company has built its cryptocurrency mining warehouse, we will be verifying blocks on the blockchain and in return will be paid a piece of the block that the Company successfully solves in the form of cryptocurrency."
"Of our 12,400,263,104 outstanding shares of Common Stock, 12,000,189,958 bear a restricted legend substantially in the following form “The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended and may not be sold or transferred without registration under said Act or an exemption therefrom”.
"At or prior to the Closing Date, PURIO shall change its corporate name to BitFrontier Capital Holdings, Inc., change its ticker to BITF or if not available BTCF , amend its certificate of incorporation to decrease its authorized capital to 17,550,000,000 shares. "
News 1/3/18: "Purio, Inc. (PURO) Provides Corporate Update on Recent Restructuring and Closes on Merger"
"We are in the final stages of closing on our second merger with BitFrontier Technologies, Inc., and will upload the necessary documents to OTC Markets once the transaction is finalized. Once finalized, BitFrontier Capital Holdings, Inc. (F/K/A Purio, Inc.) will operate two wholly-owned subsidiaries, BitFrontier Capital Investments, Inc. and BitFrontier Technologies, Inc."
"BitFrontier Technologies will primarily engage in cryptocurrency mining with a focus on Bitcoin mining, and intends to have its first facility open mid 2018. We plan to deploy an array of both ASIC and GPU miners."
"1. The Company has no intentions to implement a Reverse Stock Split now, or in the foreseeable future.
2. The Company recently reduced its authorized capital stock by over 32 billion shares, and is exploring options to reduce it further.
3. The Company is currently working on ways to improve its current share structure, including an administrative stop order placed on the 12,000,127,987 shares of Common Stock held by previous officers and control persons. The Company is currently working with its security counsel to verify the issuance of such shares and obtain documentation related to these shares. If documentation satisfactory to the Company and its security counsel is not supplied, or if the Company determines these shares were issued illegally, the shares will be canceled. We intend to provide further updates as they become available in the near future on the status of these shares."
News 1/9/18: "Purio, Inc. to Receive up to $10,000,000 Investment to Complete its Cryptocurrency Mining Facility"
"The Company intends to up list to the OTCQB once it meets the minimum bid requirements of $0.01 for the previous 30 days. We are currently preparing audited financials for 2017 to prepare for the up list once we meet the requirements and intend to have them completed shortly and posted to OTC Markets."
"Additionally, the company has appointed two more officers who will manage the day-to-day operations at the company’s cryptocurrency facilities, both of whom have extensive knowledge in the cryptocurrency industry. Andrew Karras was appointed to the role of Chief Operating Officer (“COO”) and George Storm was appointed to the role of Chief Technology Officer (“CTO”). The company is very excited to expand its team, and believes these two individuals will help the company tremendously in its cryptocurrency operations."
"The company announced today that it has received an Indication of Interest from Tri-Bridge Ventures in which TBV may purchase common stock equal to a value of up to Ten Million Dollars ($10,000,000) when PURO has qualified the necessary number of shares under Regulation A+ through an offering statement (Form 1-A)."
News 1/30/18: "Purio, Inc. (PURO) Provides 2018 Roadmap for the Development and Buildout of its Cryptocurrency Mining Facilities"
"We are in the final stages of finishing the Regulation A offering which will provide the Company the funds it needs to effectively implement its business plan."
"We have designed a 7,500 square foot warehouse with 1,250 square feet in the back to store electrical equipment and transformers to operate the mining equipment. The middle 5,000 square feet will consist of a hot aisle venting exhaust through the roof and a cold aisle which will pull in fresh air from the outside eliminating the need for costly AC equipment lowering the overall electrical cost to host and operate the mining equipment. The equipment will be stored in 112 network server racks, with 18 miners in each rack for a total of 2,016 miners per facility."
"The current plot of industrial land we are looking to purchase will be able to accommodate 5 of these facilities. If we are able to raise the maximum amount of the Regulation A offering, we will be able to complete four out of the five facilities, with the remaining facility being built soon after with the revenue of the 1st four facilities."
"With all five facilities built, will be able to host 10,080 miners for a total hash rate of 141,120 TH/s consuming approximately 15 MW of electricity."
"With all five facilities at full capacity, the Company will be able to generate revenues of approximately 51 million per year, mining close to 5,000 Bitcoin annually. These numbers are current only as of the date of this press release and will depend upon a number of factors including the price of Bitcoin, electricity costs, the total network hash rate and the block reward. See the disclosure at the end of this press release to see the exact numbers used in this calculation."
You can follow them on Twitter:
https://twitter.com/BitFrontierInc
https://www.otcmarkets.com/stock/BFCH/profile
****Disclaimer: Moderators and assistants are not registered financial advisors and may trade in and out of this stock without notice or disclosure. This is a speculative company, trade at your own risk... Moderators and assistants are not recommending this security to buy or to sell and ask others to seek out there own professional investment advisors/counsel and or due diligence before investing.****