Business
BitFrontier Capital Holdings, Inc. (BFCH) Provides Shareholder Update
BitFrontier Capital Holdings, Inc. (BFCH) Provides Shareholder Update.
About this update from Bitfrontier Capital Holdings, Inc.
[{"type":"text","content":"\n FREDERICKSBURG, VA, Dec. 03, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – BitFrontier Capital Holdings, Inc. (OTC: BFCH) is excited to provide a shareholder update on mining operations and progress to its immersion cooling system. While taking significantly longer than we had initially planned for due to supply chain issues, we were finally able to procure the final components to complete the immersion cooling system, including a significant amount of piping and immersion tanks. We are expecting the delivery of these components very shortly. Upon completion and successful implementation, the Company forecasts a significant reduction in electricity usage, the most considerable expense for any crypto-miner. The system will also reduce the stress and fatigue of our machines, reducing their natural operating temperatures as compared to air-cooled units. As a result, we can overclock the manufacturer's specifications by at least 30%.  After installing the immersion system for phase one, we expect to net a daily revenue between $5,000 and $8,000. We based our projection on several factors, including our total hash rate, BTC price, and the total network hash rate, which changes very rapidly, and thus our revenue numbers could quickly change. Additionally, our total cooling capacity will be well over what we can currently utilize, allowing for very rapid expansion in the future. We will continue to strategically source additional bitcoin miners, alternative mining rigs, and support equipment. Lastly, the board members unanimously agreed to begin interviewing and vetting a candidate to become the next Chief Technology Officer (CTO) of BitFrontier. We are confident the board will choose a candidate with invaluable skills and demonstrate unquestioning loyalty and value to our shareholders. For additional information, please visit.  www.bitfrontiercapitalholdings.com  www.twitter.com/BitFrontierInc About BitFrontier Capital Holdings, Inc.: BitFrontier Capital Holdings' business plan concentrates on cryptocurrency-related investments and development opportunities through crypto-currency mining, private and public entities, joint ventures, and acquisitions of block-chain-related companies. BitFrontier Capital Holdings has two wholly-owned operating subsidiaries, BitFrontier Capital Investments, Inc. and BitFrontier Tech...