Business
BitFrontier Capital Holdings, Inc. (OTC: BFCH) Completes Foundation and Begins Construction of its First Cryptomining Facility
BitFrontier Capital Holdings, Inc. (OTC: BFCH) Completes Foundation and Begins Construction of its First Cryptomining Facility.
About this update from Bitfrontier Capital Holdings, Inc.
[{"type":"text","content":"\nFredericksburg, VA, May 28, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BitFrontier Capital Holdings, Inc. (OTC: BFCH) announced today that its contractors have finished construction of the foundation ahead of schedule. Pictures of the construction process and the finished slab may be found on the Company’s twitter page https://twitter.com/BitFrontierInc\n The Company can begin to assemble its first prefabricated steel warehouse, which is already on site once the foundation has cured. The company expects to start construction of the warehouse towards the end of this week. The Company would also like to remind its shareholders the hearing for the share cancellation has been set for May 30th at 2:00pm Mountain Standard Time. The complaint seeks to cancel 12,260,000,000 (12.26 Billion) shares of Common Stock, 2 shares of Series A Preferred Stock, and 14,000,000 (14 Million) shares of Preferred B Stock, making up almost 99% of BitFrontier's issued and outstanding shares of Common Stock, and 100% of the issued and outstanding Series A Preferred Stock and Series B Preferred Stock classes. We appreciate the ongoing support of shareholders as we continue to grow with the goal of becoming a leader in the Cryptomining industry. About BitFrontier Capital Holdings, Inc. BitFrontier Capital Holdings business plan is to concentrate on cryptocurrency related investments and development opportunities through cryptocurrency mining, investments in private and/or public entities, joint ventures and acquisitions of blockchain related companies. BitFrontier Capital Holdings has two wholly owned operating subsidiaries, BitFrontier Capital Investments, Inc. and BitFrontier Technologies, Inc. Through the Company's wholly owned subsidiary, BitFrontier Technologies, Inc., the Company plans to build a warehouse specifically designed for hosting cryptocurrency mining equipment. Cryptocurrency mining (e.g. bitcoin mining) entails running ASIC (application-specific integrated circuit) servers or other specialized servers which solve a set of prescribed complex mathematical calculations in order to add a block to a blockchain and thereby confirm digital asset transactions. A party which is successful in adding a block to the blockchain is awarded a fixed number of digital assets in return. NOTES ABOUT FORWARD-LOOKING STATEMENTS Except for any hi...