Frustrating, yes, but good things coming. Fredericksburg, VA, Aug. 11, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- BitFrontier Capital Holdings, Inc. (OTC: BFCH) is excited to announce that it has purchased the existing land where its first mining facility is located. Previously, we had a ten year ground lease with any improvements made, including the warehouse being owned by the previous landlord at the end of the lease. After some negotiations, we were able to work out a deal and purchase it for $100,000 cash. With the improvements and additions we have made, the most recent tax assessment for 2021 is just under $1,100,000 which will now be a direct asset of the company.
Addressing concerns of becoming “Pink Current”, as previously stated on our Twitter our financials are complete and we are just awaiting OTC Markets login. In the meantime, we have hired a website developer and will be uploading the financials to our website in the coming days until we can officially post them on OTC Markets.
Lastly, touching on our mining hash-rate. Upon completion of our immersion cooling system, we will be releasing our total mining hashrate. Since we will be able to overclock our miners quite a bit, we do not want to speculate where this number will be until we have the first few miners in the tanks and see exactly how far we are able to push them. This remains a top priority and is nearing completion.
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As previously mentioned via Twitter, we have added a new board member to head our revamped IR efforts, Mr. Bryan Wilkinson. Shareholders with questions, or who would like to reach out to us may contact Mr. Wilkinson directly at Bryan@bitfrontiercapitalholdings.com or at ir@bitfrontiercapitalholdings.com
Thank you for your continued support!
About BitFrontier Capital Holdings, Inc.:
