Followers | 246 |
Posts | 2992 |
Boards Moderated | 1 |
Alias Born | 06/16/2015 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, February 19, 2020 12:50:00 PM
The significance of this storage facility is the location - DIRECTLY adjacent to the Idaho Power substation where the power has been sourced and allocated. Inexpensive power in capacity sufficient for a substantial cryptocurrency mining operation is getting difficult to come by. This is a home run for XTRA Bitcoin, Inc. and CBTC shareholders!
When Paul announces the initial funding deal, the first 2 building areas at the storage property adjacent to the power substation will be quickly made over for the mining ops. That's 2 mining subsections designated as Wonka #5 and Wonka #6, each being 900 square feet for a total of 1,800 sq. ft. And each will be running the machines consuming up to 1.25 MW of power that is provided to each space, for a total of 2.5 MW. This is just the start. We've got another 7.5 MW on deck, with access to a total of 40 MW that is available in the region.
Source: Annual Report - Amended Annual Report for December 31, 2019 (filed 2/6/2020)
LINK:
https://backend.otcmarkets.com/otcapi/company/financial-report/239616/content
XTRA Bitcoin Inc. has acquired 5-year leases on building space known as Wonka #5 and Wonka #6. Each lease consists of six storage units combined into a 900 square foot unit and the right to access 1.25MW electricity primary on site. XTRA is obligated to pay all costs to install the high-voltage primary, transformers, metering and secondary distribution electrical systems from utility interconnect onsite to their equipment. XTRA also has a performance-based option to acquire access to an additional 7.5MW electricity for expansion at this site. This site’s location is Ontario, Oregon, USA. Facility is inside a security fenced property. XTRA is in the development process of raising capital to install the electrical system and to purchase energy-efficient ASIC miners.
![](http://investorshub.advfn.com/uimage/uploads/2020/2/19/irefgCBTC_WonkaStorageFacility.jpg)
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM