Thursday, June 28, 2018 5:30:02 PM
A total of 4,000 mining rigs to be in operation progressively over the next 120 days
MIAMI, FL. -- June 25, 2018 -- InvestorsHub NewsWire -- Miami-based United American Corp ("UnitedCorp")(OTC: UAMA) announced today that its wholly owned subsidiary Blockchain Data Centers Inc. ("BDC") has entered into an expansion of its existing Hosting Service Agreement with a Vancouver-based technology company.
Under the agreement BDC will increase hosting of the company's mining rigs from 1,000 to a total of 4,000. BDC has already commenced construction to increase its BlockchainDome Heat Station capacity and the first additional mining rigs are expected to be online in August. The company has already provided BDC with all initial financial advances as per the agreement and will provide further scheduled advances based on implementation milestones over the next 2 months.
"We are very pleased with the now proven performance and efficiency of our first BlockchainDome and we appreciate the confidence our customer has placed in us by quadrupling its original hosting agreement," stated UnitedCorp President Benoit Laliberte. "This new agreement will allow BDC to increase its heat station capacity to supply heat to additional adjacent greenhouses and continue to build up UnitedCorp's tangible asset value."
In addition to its wholesale hosting business, BDC will continue to develop plans for its retail operation which will provide clients with miners and space in its BlockchainDomes as well as turnkey-managed mining services to individuals. Retail operations are expected to launch later this year.
UnitedCorp's BlockchainDome Passive Cooling Ground-Coupled Heat-Exchanger technology uses Canadian well and chimney effect principals, combined with a technique which utilizes Negative Air Pressure Mining Rig docking station adaptors, another proprietary technology. This process takes surface air and cools it naturally without electricity via a passive subterranean heat exchange system. The cool air is then heated as it cools cryptocurrency mining rigs and this heat is used to support large scale greenhouse agricultural operations through the BlockchainDome heat generation system which can keep greenhouses in excess of 25oC year round.
How BlockchainDomes work can be seen at:
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