High Times
Home > Boards > US OTC > Cryptocurrency Industry >

BitFrontier Capital Holdings Inc. (BFCH)

BFCH RSS Feed
Add BFCH Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 10/12/2018 11:05:50 AM - Followers: 118 - Board type: Free - Posts Today: 0


 

BitFrontier Capital Holdings Inc.  (BFCH)


http://bitfrontiercapitalholdings.com
 


Formerly Purio, Inc (PURO)




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/PURO/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.****

 

 

High Times
BFCH
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
PostSubject
#26127   almost no buying, all selling... shnouz 10/12/18 11:05:50 AM
#26126   seems to be the trend.... someone sets it shnouz 10/11/18 11:39:27 AM
#26125   Why are people setting their ask so low? Blacklung 10/11/18 11:04:08 AM
#26124   just a small pm trade @ .0081 $b_rich$ 10/11/18 09:23:07 AM
#26123   any lvl2 insight? shnouz 10/11/18 09:21:26 AM
#26122   Pretty thin down here! $b_rich$ 10/11/18 09:19:33 AM
#26121   I will join you on that island check javi2003 10/10/18 11:56:20 AM
#26120   U see! $20-25 check it out! https://bitcoinexchangeguide.com/president-donald-t javi2003 10/10/18 11:54:30 AM
#26119   $BFCH is up ~28% in a sea of red. trading.jeff 10/10/18 11:24:55 AM
#26118   Don't get me wrong, if it goes up Blacklung 10/10/18 11:14:08 AM
#26117   Whatever you like I’m just going to hold javi2003 10/10/18 10:40:50 AM
#26116   $25 seems a bit of a stretch. I’ll Blacklung 10/10/18 10:29:32 AM
#26115   Long term $20-25 Who wants to be a javi2003 10/10/18 10:20:21 AM
#26114   $BFCH Gap up at open to .0085. trading.jeff 10/10/18 09:47:19 AM
#26113   Fantastic open! shnouz 10/10/18 09:41:11 AM
#26112   Ooo wee, 41% today. finally showing a profit Blacklung 10/10/18 09:35:45 AM
#26111   excellent. $BFCH following through on what they said. TradeForProfits 10/08/18 01:49:25 PM
#26110   There has been a lot more volume past Blacklung 10/08/18 12:02:39 PM
#26109   $BFCH We have been upgraded to Pink Current trading.jeff 10/08/18 10:04:35 AM
#26108   $BFCH Pink Current pennyfinder 10/08/18 09:32:33 AM
#26107   $BFCH Attorney's letter filed and tweeted: trading.jeff 10/05/18 10:14:04 AM
#26106   yeah liking action here, ready for next leg TradeForProfits 10/03/18 12:28:35 PM
#26105   $BFCH Today's volume is the heaviest since at trading.jeff 10/03/18 10:36:45 AM
#26104   with 0073 high today $BFCH ready for .01 TradeForProfits 10/03/18 10:29:52 AM
#26103   volume is certainly pouring in this morning shnouz 10/03/18 10:01:53 AM
#26102   $BFCH pps is up ~10% to HOD, .0073, trading.jeff 10/03/18 09:38:57 AM
#26101   well, once mining starts, all expenses can come TradeForProfits 10/02/18 02:55:51 PM
#26100   It’s not so crazy if you plan to javi2003 09/28/18 05:51:42 PM
#26099   lol! I mean I'm as optimistic as the shnouz 09/28/18 01:33:59 PM
#26098   Also long term I will hold for at javi2003 09/28/18 01:18:11 PM
#26097   Long term holder here! Portlandtrader 09/28/18 08:50:01 AM
#26093   Long term holder here! Portlandtrader 09/28/18 08:49:13 AM
#26092   I'm going to buy 911 shares tomorrow just Sonic Boom 09/28/18 05:32:14 AM
#26091   Everything need to know is on the Twitter javi2003 09/27/18 01:20:22 PM
#26090   $BFCH A couple 911 trades just went through, trading.jeff 09/27/18 12:16:46 PM
#26089   anybody have a link to the actual court docs? Adrian0721 09/27/18 11:07:27 AM
#26088   Indeed... when the chase starts this will get mattypsays 09/27/18 10:29:36 AM
#26087   Of course, in anticipation of the cancellation of trading.jeff 09/27/18 10:26:57 AM
#26086   It’s trading like a low floater rn mattypsays 09/27/18 10:23:01 AM
#26085   Just wondering when the L2 spread will tighten up. trading.jeff 09/27/18 10:21:07 AM
#26084   That’s a good sign imo... means nobody knew mattypsays 09/27/18 10:18:47 AM
#26083   Indeed. I wonder why there was almost no trading.jeff 09/27/18 10:17:41 AM
#26082   Looking good here today, nice twitter update mattypsays 09/27/18 10:15:13 AM
#26081   This could become very BIG Deeznuts 09/27/18 10:10:28 AM
#26080   $BFCH is starting to fly on volume, .0069 trading.jeff 09/27/18 09:59:28 AM
#26079   Agree--nice news been hitting it this morning...as word Gutinstinct 09/27/18 09:56:04 AM
#26078   $BFCH More volume has gone through; .0068 is trading.jeff 09/27/18 09:50:32 AM
#26077   yes, looking good here.. $BFCH 0066 ready to TradeForProfits 09/27/18 09:44:11 AM
#26076   Could be a major runner once they get $b_rich$ 09/27/18 09:43:13 AM
#26075   $BFCH Nice bid, indeed, coupled with a very trading.jeff 09/27/18 09:39:01 AM
PostSubject