Business
Purio, Inc. (PURO) Provides Corporate Update on Recent Restructuring and Closes on Merger
Purio, Inc. (PURO) Provides Corporate Update on Recent Restructuring and Closes on Merger.
About this update from Bitfrontier Capital Holdings, Inc.
[{"type":"text","content":"\n\n FREDERICKSBURG, VA, Jan. 03, 2018 (GLOBE NEWSWIRE) -- \n  Purio, Inc. (OTC PINK: PURO) announced today that it has supplied all required filings to obtain current status with OTC Markets and provide updates on recent restructuring. In addition, the company has closed on its first merger with BitFrontier Capital Investments, Inc. and is in negotiations for substantial funding, which will allow the company to implement its cryptocurrency mining business plan aggressively and in a time efficient manner. The company also intends to appoint two more officers to the positions of COO and CTO. These two individuals have extensive knowledge of this industry, and will manage the company’s cryptocurrency mining warehouse. The Company is pleased to announce it has closed on its first merger with BitFrontier Capital Investments, Inc., which was posted on OTC Markets, and officially uploaded to the Wyoming Secretary of State's website. We are in the final stages of closing on our second merger with BitFrontier Technologies, Inc., and will upload the necessary documents to OTC Markets once the transaction is finalized. Once finalized, BitFrontier Capital Holdings, Inc. (F/K/A Purio, Inc.) will operate two wholly-owned subsidiaries, BitFrontier Capital Investments, Inc. and BitFrontier Technologies, Inc. BitFrontier Technologies will primarily engage in cryptocurrency mining with a focus on Bitcoin mining, and intends to have its first facility open mid 2018. We plan to deploy an array of both ASIC and GPU miners. These miners will position the company to mine the cryptocurrencies with the greatest profitability, and minimize the downtime when switching servers to other algorithms that are used to mine different cryptocurrencies. Once our first warehouse is built, we also plan to implement a strategic model where we can host outside miners owned by either individuals or other companies and take a management/hosting fee from each outside miner we host. Providing this service will allow the company to become a leader in the cryptocurrency space, as many companies are interested in entering this industry, but don't actually have the resources or knowledge to deploy and maintain the necessa...