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Re: JoeWo post# 29737

Sunday, 07/28/2019 12:05:52 PM

Sunday, July 28, 2019 12:05:52 PM

Post# of 41945
This was from 10/25/18 press release (Summary: They will collect mgmt fees from 3rd party clients who want to mine in their new buildings, and they will buy some miners themselves):

...
With construction of the first facility nearing, the Company has announced plans to provide a hosting service for third party clients that wish to enter the cryptomining industry without the capacity to build a specialized facility or have the equipment/personnel to maintain one. BitFrontier will offer highly specialized data center services for cryptomining, including hosting, electricity, cooling, maintenance, setup and security, and more, including especially low rates for electricity, which reduces client costs and is a major competitive advantage in the marketplace.

In addition to the above strategy, the Company will still be purchasing and operating its own miners as well, however with the vast amount of datacenter space soon available, this will provide additional revenue for the Company with minimal additional capital outlay.