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BitFrontier Capital Holdings, Inc. Takes Delivery of its First Cryptomining Facility
BitFrontier Capital Holdings, Inc. Takes Delivery of its First Cryptomining Facility.
About this update from Bitfrontier Capital Holdings, Inc.
[{"type":"text","content":"\nFredericksburg, VA, March 29, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BitFrontier Capital Holdings, Inc. (OTC: BFCH) announced today that it has received its first Cryptomining facility and plans to start construction in the near future.\n The prefabricated steel warehouse is now onsite and ready to be built. The sitemap for the land development has already been approved and we are awaiting building permits from the city to start construction. The Company has already met with several foundation contractors and is awaiting quotes to have the concrete slab poured as soon as the building permits are obtained from the city, which is expected any day now. Spencer Payne, CEO of BitFrontier Capital Holdings, states, “This is a very exciting time for the Company with the building arriving and construction starting any day. We expect to be operational during Q2 of 2019.”  Upon full buildout of the Company’s first Cryptomining facility, we will be able to house 2,016 Bitmain s9j mining rigs per facility consuming roughly 3 MW’s of electricity per facility. The company will be posting pictures of the building, along with proof of payment of the facility on its twitter page at https://twitter.com/BitFrontierInc 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 Exce...