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Puissant Industries Inc. (otc pink:PSSS) Announces Expansion of its Cryptocurrency Mining Farm Operations Through its Wholly-Owned Subsidiary, American Crypto Mining, Inc
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Published: July 18, 2018 9:48 a.m. ET
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July 18, 2018 (ACCESSWIRE via COMTEX) -- LONDON, KY / ACCESSWIRE / July 18, 2018 / Puissant Industries, Inc. (otc pink:PSSS) ("Puissant") (Corporate Website: psss.co), a publicly traded energy rich company that uses its resources to develop or acquire high growth companies in industries where maximum profitability can be generated, is pleased to announce that as of July 1, 2018, its first Cryptocurrency Farm has become fully operational. American Crypto's second Farm is scheduled to begin construction by August 1, 2018. American Crypto began mining on a limited basis on March 1, 2018 and from that date until July 1, 2018, earned $43,500 of revenues in the form of Cryptocurrency coins with a monthly average of $10,875 or $141,375 annually. On July 10, 2018, American Crypto completed the First Farm.
The estimated monthly revenue for the First Farm is $23,000 to $25,000 per month and $276,000 to $300,000 annually based on current cryptocurrency pricing. American Crypto will begin construction of the Second Farm on August 1, 2018. Upon completion of the second Farm, estimated to be completed by September 30, 2018, revenues from the 2 Farms are estimated to double to $50,000 per month or $600,000 annually. Mark Holbrook commented: "We are pleased with progress and expansion of our Cryptocurrency Mining operations by reinvesting our Farm revenue into additional Farms. We look forward to our second Farm becoming fully operational to increase our Cryptocurrency Mining revenues."
About Puissant Industries, Inc.
Puissant Industries is a multifaceted energy company that utilizes energy produced from a variety of energy sources to generate the maximum profitability of its assets. The Company seeks to expand into selective fast growing industries where the benefits of is multiple energy resources can make a significant impact on short and long term growth. This includes American Crypto and other industries under evaluation.
About American Crypto Mining, Inc.
American Crypto Mining, Inc. (a Kentucky corporation) is Puissant Industries' wholly owned subsidiary. Currently constructing and equipping its first Cryptocurrency Mining Farm, American Crypto plans to pursue the construction and operation of multiple farms through revenue reinvestment and excess electrical capacity.
Contact: James Painter, Emerging Markets Consulting LLC (407) 340-0226
Disclaimer:
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." Actual results could differ materially from those projected in the Company's business plan and the information presented above. Cryptocurrency is subject to numerous risks, including price volatility. Readers are cautioned that the revenue projections are based upon current Cryptocurrency pricing and past Cryptocurrency related revenues, and there are no assurances that the pricing may experience material decreases and thereby decrease the Company's revenues. There no assurances whatsoever that the Company will successfully complete the second Farm or be successful in generating the projected revenues. The revenue projections have not been independent verified. Projections are inherently subject to substantial and numerous uncertainties and to a wide variety of significant business, economic and competitive risks. Therefore, the actual results achieved may vary significantly from the revenue projections. No information in this press release should be construed as an indication in any way whatsoever of the future value of the Company's common stock, future revenues or our present or future financial condition. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
No traded smells like a PR coming
Jan 30, 2018
OTC Disclosure & News Service
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Preparations Have Progressed for Cryptocurrency Mining Farm Operations
LONDON, KY / ACCESSWIRE / January 30, 2018 / Puissant Industries, Inc. (OTC PINK: PSSS) ("Puissant") (Corporate Website: psss.co), a publicly traded energy rich company that uses its resources to develop or acquire high growth companies in industries where maximum profitability can be generated, announces that it has added five new wells and 4 miles of pipeline to its operations. The added wells bring Puissant's total wells to 41 producing wells and expand its production and potential revenue for its oil and gas operations.
The Company is pleased to also announce that its wholly-owned subsidiary, American Crypto Mining, Inc., has progressed in its planned operations for American Crypto's first Cryptocurrency Mining Farm (the "Farm") by:
Constructing the first Farm, which is 35% completed.
Completing the electrical components in the Farm.
35% of the Miners (Cryptocurrency Mining computers) are in inventory and more Miners have been ordered.
We anticipate mining on a limited basis by March 2018
Mark Holbrook commented, "We are pleased to expand our oil and gas operations and the progress we have made with Cryptocurrency Mining. We look forward to our first Farm becoming fully operational and fulfilling our plans to reinvest our Farm revenue in additional Farms."
About Puissant Industries, Inc.
Puissant Industries is a multifaceted energy company that utilizes energy produced from a variety of energy sources to generate the maximum profitability of its assets. The Company seeks to expand into selective fast growing industries where the benefits of its multiple energy resources can make a significant impact on short and long term growth. This includes American Crypto and other industries under evaluation.
About American Crypto Mining, Inc.
American Crypto Mining, Inc. (a Kentucky corporation) is Puissant Industries' wholly owned subsidiary. Currently constructing and equipping its first Cryptocurrency Mining Farm, American Crypto plans to pursue the construction and operation of multiple farms through revenue reinvestment and excess electrical capacity.
Contact:
James Painter, Emerging Markets Consulting LLC
(407) 340-0226
Disclaimer:
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." Actual results could differ materially from those projected in the Company's business plan and the information presented above. Cryptocurrency is subject to numerous risks, including price volatility. The information contained in this press release should not be construed as an indication in any way whatsoever of the future value of the Company's common stock, future revenues or our present or future financial condition. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
SOURCE: Puissant Industries, Inc.
Copyright © 2018 Accesswire. All Rights Reserved
From my research the float is 4-5 mil. Unless if I’m missing something. Can you confirm ?
Natural gas moving in the right direction for this undervalued energy company!!! Crypto mining is the icing on the cake!
Every Thursday it come out.. ng 3.5 moving in the right direction
Bitcoin dropped everyone gets scared. I’ll double down psss long
Sorry wrong day... was talking about today
When did it trade at .2 today? I couldn’t get anything filled until .31-33
Bought more today I’m super long!
We need to pull more gas out of storage to put pressure on natural gas price! I will be watching this Thursday report very close.
$PSSS
$PSSS
$PSSS
$psss
I agree! I like the energy natural gas and oil and now cryto mining farm
PALM BEACH, Florida, January 12, 2018 /PRNewswire/ --
Mentioned in an article regarding the cryptocurrency market published recently on CBSNews.com MoneyWatch , a small bright spot for the cryptocurrency future, JPMorgan Chief Executive Jamie Dimon told Fox Business News he regretted calling bitcoin a "fraud" and threatening to fire employees who traded the digital money. Though Dimon described bitcoin's underlying blockchain technology as "real," he told the business channel he was "not interested that much in the subject at all." "Jamie Dimon's about-face is not surprising since Goldman Sachs (GS) has entered the business of clearing bitcoin futures trades for its clients," said Trevor Gerszt, CEO of CoinIRA, which specializes in digital money, in a statement. "Dimon just has to try to disassociate himself from his previous comments so that he doesn't lose face when JPMorgan inevitably expands its bitcoin operations."
According to Coinmarketcap, the total cryptocurrency market was recently valued over $700 billion, with 1398 cryptocurrencies trading. The growth of the cryptocurrency market is propelled by the transparency and immutability of the distributed ledger technology and benefits such as faster transaction and reduction in total ownership cost. However, the uncertain regulations and standards pertaining to cryptocurrency restrain the growth of this market. Mining is an integral process for the generation, transmission, and validation of transactions in cryptocurrencies. Active Companies from around the market this week include: Puissant Industries, Inc. (OTC: PSSS), Digatrade Financial Corp. (OTC: DIGAF), BTCS Inc. (OTC: BTCS), Global Blockchain Technologies Corp. (TSX-V: BLOC) (OTC: BLKCF), Net Element, Inc. (NASDAQ: NETE)
Puissant Industries, Inc. (OTC: PSSS), a publicly traded energy rich company that uses its resources to develop or acquire high growth companies in industries where maximum profitability can be generated, announced this week that it will begin Cryptocurrency Mining Operations through its wholly-owned subsidiary, American Crypto Mining, Inc. ("American Crypto").
American Crypto's first Cryptocurrency Mining Farm (the "Farm"), estimated to be 50% and 100% operational by the first and second quarters of 2018, respectively, will be equipped with SHA 256 double round hash verification processes and scrypt to validate Bitcoin transactions and provide security for the public ledger of the Bitcoin/Lite coin network. The Bitcoin/Litecoin networks compensate miners for their computational power by releasing newly issued Bitcoin and Litecoin, in addition to transaction fees from validation processes - the more computing power a Farm contributes to the networks, the greater share of its compensation.
Read this and more news for PSSS at http://www.marketnewsupdates.com/news/mcoa.html
With Bitcoin mining measured in hashes per second, American Crypto's first Farm will have an initial hashing scrypt capability at 56,448 Mh/s and Sha-256 at 1,512,000 Gh/s hashing ability, permitting it to mine across a broad spectrum of cryptocurrencies and conduct Bitcoin/Litecoin mining at competitive levels. Puissant's excess electrical capacity of $0.03 per kilowatt hour will provide American Crypto with comparatively low operational/breakeven costs, which Puissant plans to use, in addition to at least 50% of American Crypto's revenues, to construct multiple Crypto Mining Farms.
Mark Holbrook commented, "We are pleased to expand our operations with Cryptocurrency Mining. Based on the current market for hashing ability as of January 8, 2018, scrypt in Litecoin at 10000 Mh/s pays $10,000 month and Sha-256 in Bitcoin at 100,000 Gh/s pays $5,600 month. You can see our first Farm's capability will have a hashing rate of 5.6448 times theses scrypt rates and 15.12 times the sha-256 rates. Puissant's excess electrical capacity alone could enable American Crypto to construct up to 5 more Crypto Mining Farms."
In the industry developments and happenings in the market this week include:
Digatrade Financial Corp. (OTCQB: DIGAF) a digital-asset (Bitcoin) exchange and blockchain development services company this month announced the execution of a technology development contract with No Limits Consulting Limited (DBA: ANX International, ANXPRO, ANX Technologies) to develop the Digatrade Mobile Application for iOS & Android. The following features will be developed for the Digatrade Mobile App; Digatrade home page, portfolio page with account balance display, activities page with transaction records, funding including deposit / withdraw function, trading page with instant liquidity access to Digatrade multi-currency order-book and standalone APK for android users in Chins. The application is expected to go-live Q102018.
BTCS Inc. (OTCQB: BTCS) closed up over 3% on Thursday trading over 15.6 Million shares by the market close. BTCS, a blockchain technology focused company, this week released a Letter to Shareholders updating current activities and outlining its corporate strategy. Read the entire release at https://finance.yahoo.com/news/btcs-announces-letter-shareholders-ceo-133700901.html
Global Blockchain Technologies Corp. (TSX-V: BLOC) (OTC: BLKCF) announced this week it has made a strategic investment of C$2.0 million in Spectra7 Microsystems Inc., a leading provider of high-performance analog semiconductor products for broadband connectivity markets. In November 2017, Spectra7 announced a new product line optimized for blockchain processing data centers. Data Centers focused on blockchain processing are extremely dedicated to network and computational efficiency. Spectra7's BCI-2500 products enable copper cables up to three times the reach of passive copper cables at dramatically lower power levels than alternative solutions.
Net Element, Inc. (NASDAQ: NETE), a global financial technology and value-added solutions group that supports electronic payments acceptance in an omni-channel environment spanning across point-of-sale (POS), e-commerce, and mobile devices, earlier this month announced that it has completed a $7.55 million private placement of restricted common stock and warrants with a New York-based family office that has made several investments in companies with blockchain technology platforms.
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Strong close at .25!
21-25 now
Very good news! I like the direction this is going!
New! Wonder how much income they have total if this is one contract.. anyone know?
Need news
Holding looking for natural gas to move off bottom
Psss Lots of potential but no news ever. Looks to be a valued public company not a shell they have income. Last big move was a few weeks ago with no news maybe we will get news next week explaining the move and buying a few weeks ago