Techcom Inc (TCRI)

[falon]

TCRI

Just the facts:

VISIONARY

Enough Said!

Munaf Ali is a Dubai-British-based finance manager, most popular as a Hotel business visionary. He is the CEO of Phoenix Store-Official Bitman Distributor. Munaf, the proprietor of the UAE display area. He has been centered around web-based media.

Munaf Ali is hitched to the Real Housewives of Dubai cast part Nina Ali. Nina Ali is a super powerhouse who moved to Dubai for her adoration, her better half, a British finance manager Munaf Ali. Nina Ali’s Husband Munaf Ali is a British Businessman, who is right now filling in as CEO of the Phoenix store.

Phoenix Store, an elite deals accomplice of Bitmain in the Middle East, is one of the main digital currency mining equipment retailers. Its maintenance community is situated in Dubai, United Arab Emirates, and claims its locales. Through his organization, they give advising on buying mining machines by means of their accomplished tea and investigate service contract bundles.

Further, they give facilitating and cooling administrations. Being the CEO of the organization, Munaf needs to redesign his customers with the most recent age mining hardware at the most cutthroat costs. Munaf Ali is right now at 47 years old, may have a total assets of $1 Billion.

Munaf Ali, the CEO at Range Hospitality, may be an extremely rich person or tycoon. Being the CEO of Phoenix and engaging in digital currency, the financial specialist tackle the stock of cash and bitcoins.

The financial specialist has extraordinary information on speculation and the offer market. Ali should be carrying on with an extravagant way of life alongside his wonderful spouse and his children.

WORLD DIGITAL MINING SUMMIT 2021

https://www.youtube.com/watch?v=43_o2S-1K-k

Munaf Ali is at 2:52:00 telling the Phoenix Story.

Footprint: UAE, Turkey, Russia, Canada and the USA

Close to 100 employees.

They serve high net worth individuals, corporate, governments and institutions who wish to enter the crypto mining space,

Block One Technology born in Canada became the Global hosting provider for Phoenix and its clients.

Block own and manages sites across Canada, Russia, United States and soon the UAE.

Phoenix started with 2MW in 2015 to 450MW today.

The $650 million mining machines are to placed in the new State of the Art Mining facility in the UAE. Over 600 MW in first phase and expand to 1.4GW within 18-24 months.

Currently owning and managing 450MW across various locations

Over 500 Million under management in 60 different investments

Focus on blockchain and crypto startups

Focus on clean energy sources.

Always looking to develop new innovative investment solutions to both large and retail investors who wish to enter this cutting edge industry.


Hello TCRI

Acquired a US listing entity for the purpose of listing some of the Phoenix Group income generating assets on the US stock market. Expect to share more information in early 2022.

USA mining farm will be live December 2021.

Index of contact profiles from Block One Technology

Bijan Alizadeh Founder & Chairman

Phil Harvey Chief Operating Officer

Bill Richards Director
https://www.zoominfo.com/pic/block-one-technology-inc/476532372


Assets are definitely coming into the shell:

What Phoenix assets are coming to TCRI:

Based on Munaf Ali making the announcement at the WORLD DIGITAL MINING SUMMIT 2021 it is more than likely to be crypto related.

The question now is what and how many assets?

Well that is a vey good question.

UAE-based Phoenix Technology Consultants is a very successful and profitable organization so whatever assets are coming they will be very successful and profitable and straight from the horse's mouth (Munaf Ali):

We acquired a US listing entity for the purpose of listing some of the Phoenix Group income generating assets on the US stock market. Expect to share more information in early 2022.

That leave us with the final straw of How Many Assets?


$$$$$$ 100 Million

or

$$$$$$$$$$ 250 million

or

$$$$$$$$$$$$$$$ 400 million or more


The assets have to be paid for:


Under Internal Revenue Code §351, no gain or loss is recognized if one or more persons transfer property to a corporation solely in exchange for the stock in the corporation and immediately after the exchange such person or persons are in control of the corporation. The basic requirement for this tax-free exchange is that the transferor or transferors must be in control immediately after the exchange. Control, for this purpose, means the transferor or transferors must have ownership of stock possessing at least 80 percent of the total stock of the corporation. The gain or loss is not recognized when in exchange for the transferred property, the transferor receives the corporation's stock or securities.

Munaf Ali owns 84.7% of TCRI.
https://ch.marketscreener.com/boersen-barone/Munaf-Ali-0H77Y3-E/biography/


A transferor could transfer appreciated property into a corporation without recognizing a gain. For purposes of Internal Revenue Code §351, when a transferor receives securities, such securities will be treated as "boot" in all cases. Boot is other property or money the transferor receives in addition to the stock.

Permitting a nontaxable transfer to a controlled corporation will postpone the recognition of gain or loss until the stock received in the transfer is ultimately disposed of by the transferor. This is accomplished by attributing to the stock the same basis as that of the property originally transferred in exchange. More importantly, the property transferred will retain its basis in the hands of the corporation.

The first step in the transfer process is to form the corporation and the offer by the transferor of the property to the corporation. The courts have held and the Internal Revenue Service has ruled that money qualifies as property in addition to goodwill, patents, and other intangible assets constitute property for this purpose, except services.

The second step would be that the corporation's shareholders and the board of directors must accept the offer, and the board of directors must authorize the issuance of the stock upon delivery of the appropriate instruments of conveyance.

The final step is the execution and delivery of the instruments of conveyance and property. The importance of formal instruments of transfer, even in the case of a small corporation, cannot be overemphasized. Such instruments are not only a prerequisite to completing the transaction, but can record effectively the price and terms of the transaction.

UAE-based Phoenix Technology Consultants is a very successful and know ow to generate value and will figure out what needs to be done, how to do it and will get it done.

The FUTURE of UAE-based Phoenix Technology Consultants
MENA to hold 10 percent of global crypto hash power


Phoenix has been granted approval to build and develop a large scale mining farm in the UAE.

November 22, 2021

Crypto miners bring more than $230 million into the economy of Kazakhstan each year and estimates show this figure could increase significantly in the future. Countries such as Kazakhstan have realized that the crypto mining industry and crypto hash power has the potential to pour over US $1.5 billion into the nation’s economy over a five year period. As such it is no surprise that the UAE is opening up its doors to the crypto economy and with it opening up to crypto mining.

As a result, UAE based Phoenix Technology, a cryptocurrency mining hardware reseller and hosting provider signed one of the world’s largest purchases on record for crypto mining rigs, worth US $650 million.

The purchase announcement was made during the World Digital Mining Summit in Dubai UAE by CEO and Co-Founder of Phoenix Technology Mr. Munaf Ali. UNLOCK interviewed Mr. Ali to learn more.

Munaf Ali explained to UNLOCK, “This is just the beginning, so far we have made a purchase of the latest mining rigs from Bitmain. These are the latest generation mining machines which come with the AntBox, mining container, which comes with a new built in water cooling solution that utilizes water cooling making it ideal for countries such as the UAE and the rest of the GCC. All the mining rigs we just purchased will be deployed in our UAE crypto mining farm.”

According to Munaf Ali, Phoenix has been granted approval to build and develop a large scale mining farm in the UAE. He explains, “Given that the UAE is a crypto friendly place, we were given a green light to setup up a crypto mining farm. We were offered attractive energy prices and have applied for the needed crypto licenses to build a large scale crypto mining farm. This is an optimal location for us given that the UAE has been my home for more than 17 years and we have solved the heat issue.”

Historically the founders of Phoenix both Munaf Ali and Bijan Alizadeh started their first Ethereum mining farm in the UAE in 2015, but had to expand to other jurisdictions because of the extreme hot summers. Munaf Ali explained, “So in 2015, we started off in the UAE with our GPU mining farm which produced Ethereum and it was going very well with 2 Megawatts, until the summer time hit. Our equipment started to suffer, chips were burning, so we had to look into other cooler locations that had cheap electricity and were crypto friendly. This brought us into Canada, Russia and most recently the USA, and now we are coming full circle back to the UAE, our home, setting up our mining operations in the UAE as phase one and then other jurisdictions in the MENA region in phase two.”


Phoenix currently has a mining capacity of 450 MW, but with the new installation in the UAE the mining capacity will immediately go up to 1.1 GW, and once they expand to other jurisdictions in the Middle East, Phoenix will have a mining power of 1.8 GW. Munaf Ali adds,

“Once we expand our operations across the MENA region, we will have more than 10 percent of the global hash rate coming from the region. This will shape the region. Today we have interest from Kuwait, Bahrain and Saudi Arabia; this is cutting edge and will be an exciting time for the entire MENA region.”

The expansion will be met with an additional order of US $2 billion worth of mining rigs in 2022.



Munaf Ali is a big believer in crypto and crypto mining and the investment being made is based on the fact that adoption is increasing and will continue to do so. He points out, “Large scale institutions are getting involved in the crypto and crypto mining space whether they are insurance entities, financial, investment banks on Wall Street or mutual or hedge fund managers. They are seeking to generate income while getting exposure to a new asset class. Even mass adoption is increasing, so today let’s say 10 percent of world population knows about crypto and 10 percent of those are dabbling in crypto that means only 1 percent penetration of the world’s population is in crypto, what happens when 10 percent become involved or later on 20 percent? It will be big once it starts going mainstream, and it is already starting with the like of credit card companies, banks, retailers and others.”

In the future, Phoenix Technology is seeking to establish a large scale crypto exchange in the region to bring crypto to the fingertips of every person in the Middle East.

In conclusion crypto mining is considered one of the safest ways to invest in the crypto market, as it is not as volatile as crypto itself, the mining equipment retain a value and can be resold while generating an income stream. The UAE and MENA region can become the new crypto mining hub with the investments being made by companies such as Phoenix.