Strategic Asset Leasing Inc (LEAS)

[EM8000]

CHEYENNE, WY / ACCESSWIRE / September 17, 2020 / Strategic Asset Leasing Inc. (OTC PINK:LEAS), the Company, is pleased to announce a Letter of Intent (LOI) to acquire a cryptocurrency mining data center.

Under the terms of the Agreement, the Company will acquire the building, infrastructure, and all mining hardware. The New Jersey based facility is Telecom Industry (ANSI/TIA-942) rated level 2, which exceeds the project's demands and offers robust protection from physical events. There is currently an extensive amount of mining hardware, including GPU and ASIC systems, which the company intends to expand on over time. The systems are set up to mine Bitcoin, Litecoin and Ethereum.

The Company expects to close the transaction before October. The transaction consists of a combination of cash and restricted shares and may result in a board membership of the center's current principle. Once finalized, more extensive details will be announced.