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.
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