Coin Citadel OTC Pink - CCTL ("Coin Citadel Mining")
Coin Citadel has a small cryptocurrency mining operation located in Upstate NY, with additional access to 80 Mega Watts of power for expansion at another leased facility in Illinois.By: Coin CitadelPLATTSBURGH, N.Y. - May 8, 2020 - PRLog -- Coin Citadel provides a company update about the bitcoin mining industry in anticipation of the Bitcoin halvening next week. Due to our low cost of power, Coin Citadel will be able to continue to mine Bitcoin and other digital currencies moving forward despite the block reward reduction, so continued mining through 2024 will still be profitable.
The company is also working on releasing its 2019 financials. This will complete 3 years of current financials thus affording it the opportunity to bring the company current with OTC Markets.
About Coin Citadel
The Company owns and operates computing centers that power the global decentralized financial economy. Coin Citadel provides computing power to cryptocurrency networks such as Bitcoin, earning fees from each network for securing and processing transactions. Powered by clean and competitively priced hydroelectricity. Coin Citadel's experienced management team has been in the Bitcoin mining industry since 2014. CCTL is focused on building infrastructure for the future of digital currencies.
For more information on the Company, please visit: https://www.coincitadel.net
Great Video Here https://twitter.com/CoinCitadelCCTL/status/1159830669968568320?s=09
https://twitter.com/CoinCitadelCCTL
Data Center SolutionsCoin Citadel is diversifying its operations in Plattsburgh, NY and now starting to offer Data Center solutions with our extremely low cost power.
Our team offers cutting edge, reliable infrastructure that enables us to focus on the installation, monitoring and maintenance of our customers' hardware, ensuring maximum hashrates, uptime and profits."
Coin Citadel is now offering scalable solutions for Banks and other Wall Street Financial Service Firms who are in the midst of an IT revolution.
Coin Citadel has traditionally operated as a blockchain infrastructure company that bridges blockchain and cryptocurrencies to traditional capital markets
Please email ir@coincitadel.net
Money and Digital Currencies
We’ve seen a constant evolution in how we handle money. Before the 1990s, transactions were completed on paper, either with physical currency or a paper check. Then, as the internet blossomed, fintech disruptors like PayPal brought the world of commerce online, allowing companies to accept online payments for physical goods and services.
Blockchain is the technology that enables the existence of cryptocurrency. Bitcoin is the name of the best-known cryptocurrency, the one for which blockchain technology was invented.
Cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds.
Blockchain is, quite simply, a digital, decentralized ledger that keeps a record of all transactions that take place across a peer-to-peer network. The major innovation is that the technology allows market participants to transfer assets across the Internet without the need for a centralized third party
COIN CITADEL MINING
The mining division of Coin Citadel (Coin Citadel Mining) was started in January 2018 in Plattsburgh NY.
Plattsburgh has some of the cheapest electricity rates in the USA at 0.025 cents.
Once famous for its 18 month ban on Bitcoin mining, the ban has now been lifted and Coin Citadel Mining is now accepting new hosting clients.
We have also secured a new location with 82 MW of power so we have ample room to grow and can host full commercial size mining operations.
Please email info@coincitadelmining.com
for hosting details.
Coin Citadel also has a Cloud mining division. PlattsburghBTC
Operational since 2015
We offer Bitcoin shared mining, starting at just $2.89/mo
Go to
www.plattsburghbtc.com
for more details
https://coincitadel.net/price
What does Data Predict?
New Data studies predict that the global blockchain market that was valued at $26.1 million in 2016 will grow to $9.6 billion by 2024.
During the next half a decade, the industry will grow with a compound annual growth rate (CAGR) of 60.8 percent. While the public blockchain sector will continue to grow exponentially, it will be the private sector that will dominate the market, contributing over 50 percent to the market.
To date new management has not been able to verify any additional BTC holdings to any cold wallet, hot wallet, or open account on any currently operating online digital currency exchange, holding any Bitcoin owned or otherwise controlled by Coin Citadel from the previously deals in 2015, 2016 and 2017. The BTC buy in 2014 reported in the below financials, and are listed in treasury.
New management will do its best to find any dormant Bitcoin address or Private Keys to any lost Bitcoin if their existence can be validated. We will also work on obtaining any Bitcoin due to the company from any previous stock deals arranged by the former CEO's if payment was rendered and verified Bitcoin addresses and private keys were not received.
https://coincitadel.net/press-and-releases
Press Release 5/8/2020
Coin Citadel OTC Pink - CCTL ("Coin Citadel Mining")
Coin Citadel has a small cryptocurrency mining operation located in Upstate NY, with additional access to 80 Mega Watts of power for expansion at another leased facility in Illinois.By: Coin CitadelPLATTSBURGH, N.Y. - May 8, 2020 - PRLog -- Coin Citadel provides a company update about the bitcoin mining industry in anticipation of the Bitcoin halvening next week. Due to our low cost of power, Coin Citadel will be able to continue to mine Bitcoin and other digital currencies moving forward despite the block reward reduction, so continued mining through 2024 will still be profitable.
The company is also working on releasing its 2019 financials. This will complete 3 years of current financials thus affording it the opportunity to bring the company current with OTC Markets.
About Coin Citadel
The Company owns and operates computing centers that power the global decentralized financial economy. Coin Citadel provides computing power to cryptocurrency networks such as Bitcoin, earning fees from each network for securing and processing transactions. Powered by clean and competitively priced hydroelectricity. Coin Citadel's experienced management team has been in the Bitcoin mining industry since 2014. CCTL is focused on building infrastructure for the future of digital currencies.
For more information on the Company, please visit: https://www.coincitadel.net
Forward–looking Statements
This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the crypto mining industry; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow and execute its business strategy; volatility in the Bitcoin market; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission
https://www.prlog.org/12821719-coin-citadel-otc-pink-cctl-coin-citadel-mining.html
Bitcoin Miner - Interviews at CCTL mining facility
Coin Citadel - OTC CCTL - A Crypto Mining Company
https://coincitadel.net/
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https://coincitadel.net/press-and-releases
$CCTL
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