Monday, February 08, 2021 2:19:08 PM
Fredericksburg, VA , Feb. 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- BitFrontier Capital Holdings, Inc. (OTC: BFCH) is excited to announce that internet service has been hooked up and mining will commence by next week. Although we are still awaiting Comcast to install our permanent internet service which was initially estimated to take 31 days but now has an expected completion of early March, our wholly-owned subsidiary TelesisIT was able to assist in obtaining a temporary solution so we can begin to power our miners on until Comcast is completed.
While we have been awaiting internet service, we decided to get a head start on our immersion cooling system which we estimate to cut mining costs by approximately 60%. We have taken delivery of two 8-fan dry coolers and began installing the necessary plumbing and tanks necessary to convert from traditional air cooled mining to an immersion cooled mining farm. We expect to be able to transition to a fully immersion cooled farm within a few months of turning on our first miners.
Lastly, we have been finishing up the missing quarterly reports needed to regain Pink Current Information with OTC Markets and will have these posted in the near future.
We will be posting pictures of the immersion cooling system on our twitter at https://twitter.com/BitFrontierInc
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