Coin Citadel (USOTC:CCTL), announces that the company has signed a binding agreement with an existing cloud mining operation. Coin Citadel will offer a hosting service for crypto currency miners via its new division called "Coin Citadel Mining”. We have leased new office space for this joint venture as we expect significant growth to require expansion of the mining operation.
“With this strategic move we expect to INCREASE OUR BITCOIN PORTFOLIO and see substantial revenue growth which should, in turn, add to shareholder value. “
Coin Citadel Mining - A division of Coin Citadel, is now operational. Hosting for up to 500 mining rigs and can grow that number with additional access to 10 Mega Watts of power. The mining facility accepts Bitcoin, Dash, Litecoin miners and Ethereum based GPU miners. Mining facility is located in Plattsburgh, NY. https://coin-citadel.com/
PLATTSBURGH BTC, LLC IS A DIVISION OF COIN CITADEL (CCTL).
“In 2017, we reached out electric capacity and it was necessary to either build out a new location find a bigger one. We were able to find one by partnering with Coin Citadel, and in the near future we plan to move into other cryptocurrencies, especially ETH. Over the summer of 2018 we plan on investing heavily on next-gen equipment as we settle into the new space. “
“Aside from this, we are partnering with Coin Citadel (CCTL), who will be providing a ton of support to grow our mining business. They've invested a build out of a large mining facility for colocating. We will be moving into their space shortly to host our equipment, which will remove a significant amount of overhead and allow us to buy more machines. In affect, we are now the cloud mining division of CCTL now.”
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