Isracann Bioscience Inc. (ISCNF)

[PotterBanker]

Atlas Cloud Mining Underway and Facility Completion on Schedule

https://globenewswire.com/news-release/2018/05/17/1508234/0/en/Atlas-Cloud-Mining-Underway-and-Facility-Completion-on-Schedule.html

VANCOUVER, British Columbia, May 17, 2018 (GLOBE NEWSWIRE) -- Atlas Cloud Enterprises Inc. (CSE:AKE) (XFRA:A49) (OTCPINK:ATLEF) (the “Company” or “Atlas Cloud”), an experienced IT service provider focused on becoming the lowest cost producer in the blockchain and digital currency mining sector, is pleased to provide a corporate update on its current business activities.

Atlas Cloud currently benefits from roughly $8,000,000 CAD cash on hand and is vigorously pursuing its strategic goals on several fronts. To-date, bitcoin mining is underway at its partner operated co-location facility. Under the facility agreement, Atlas Cloud pays $0.10 USD/kWh to operate it’s previously announced $3,000,000 CAD order of ASIC S9 miners which are able to deliver a computing capacity of 13.5 petahashes per second (PH/s).