Digital Asset Monetary Network Inc. (DATI)

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$DATI Bullet Blockchain Takes Possession of Miners, Increases Capacity and Remains on Target to Meet 3rd Quarter Expectations

https://finance.yahoo.com/news/bullet-blockchain-takes-possession-miners-110300655.html

Mon, August 2, 2021, 7:03 AM·3 min read
Bullet Secured 3,500 ASIC Miners in July As Anticipated; Exceeding Expectations with an Increased Capacity Totaling 200 Megawatts for 6,000 Petahash Over the Next 12 Months

CORK, REPUBLIC OF IRELAND / ACCESSWIRE / August 2, 2021 / Bullet Blockchain LTD ("Bullet" or the "Company"), a turnkey crypto mining operation focused on efficiency, stability, transparency and scalability, announced today, that as of July 29th, 2021, the Company took possession of 3,500 ASIC Miners-solidifying its bitcoin mining operations. Further, through Bullet's infrastructure partners, management increased its ‘year-one' anticipated buildout capacity up to a 200 megawatt facility (vs. the 100 megawatts that were originally anticipated), for a hash rate capacity of 6,000 petahash.

In a previous press release, the Company announced that management anticipated securing 3,500 next generation ASIC miners by July 2021, and launching its bitcoin mining operations during the 3rd QT of 2021. Management is happy to have met its initial expectations of securing the bitcoin miners timely-equally as pleased that the Company will begin its bitcoin mining operations on schedule, and excited to have exceeded capacity expectations by adding an additional 100 megawatts to the 12-month buildout plan of the facility, for nearly 2.3x more petahash.

Management continues to assert that Bullet is a well-capitalized upstart in the crypto mining space, with a large part of its value and viability being, that the Company is well insulated within the ecosystem created by its infrastructure partners. Management believes that it is this relationship that will help support a successful entry into the U.S. Public Markets.

Management has indicated, that with the assistance of the Public Accelerator-Incubator, Digital Asset Monetary Network, Inc. ("DigitalAMN"), the attention has now turned toward completing a merger with a U.S. publicly traded company trading via the OTC Markets. Management believes that DigitalAMN's efforts will yield the intended results, completing Bullet's contemplated merger within the next 90 days.

For more information, please visit https://bulletblockchain.com/.