Let's team up ....USTC & WUHN Sign Letter of Intent to Launch Bitcoin & Cryptocurrency Mining Operations
Date : 06/15/2018 @ 8:00AM
Source : InvestorsHub NewsWire
Stock : Usa Real Estate Holding Co. (PN) (USTC)
Quote : 0.045 0.0 (0.00%) @ 9:30AM
USTC & WUHN Sign Letter of Intent to Launch Bitcoin & Cryptocurrency Mining Operations
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USTC & WUHN Sign Letter of Intent to Launch Bitcoin & Cryptocurrency Mining Operations
Toronto, Canada -- June 15, 2018 -- ADVFN Crypto NewsWire -- USA Real Estate Holding Company (OTC PINK: USTC), a diversified public holding company, announced that it has signed a letter of intent ("LOI") with SDT Holdings, Inc./Wuhan General Group (China), Inc. (OTC PINK: WUHN) to launch bitcoin and cryptocurrency mining operations.
Under the LOI, USTC will identify and procure the warehouse for the setup of the bitcoin and cryptocurrency mining operations, and WUHN will purchase and provide mining rigs within the facilities. Both Companies will negotiate a profit-sharing structure in the final agreement within 120 days.
"We're pleased to announce this partnership with WUHN as we seek to grow the company significantly over the next 24 to 36 months," said Bilal Shafi, CEO of USTC.
"We are very excited to sign this LOI, and we are confident that this partnership will drive accelerated revenues to both Companies, as we share each's expertise," said Ramy Kamaneh, CEO of SDT Holdings, Inc.
