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HashChain Technology Completes Acquisition from Block One Capital Inc. of 100% Interest in TG12, which owns 1,000 Bitcoin Rigs
(via TheNewswire) VANCOUVER, BC / TheNewswire / May 8, 2018 - HashChain Technology I...
About this update from Intellabridge Technology Corp.
[{"type":"text","content":"HashChain Technology Completes Acquisition from Block One Capital Inc. of 100% Interest in TG12, which owns 1,000 Bitcoin Rigs(via TheNewswire)\n \n \nVANCOUVER, BC / TheNewswire / May 8, 2018 - HashChain Technology Inc. (\"HashChain\" or the \"Company\") (TSXV: KASH; OTCQB: HSSHF) today announced it has completed the acquisition with Block One Capital Inc. (TSXV: BLOK, OTCQB: BKPPF, Frankfurt: ES3) (\"Block One\") to acquire a 100% interest in TG12 Ventures Inc. (\"TG12\"). The deal will provide 1,000 Rigs to the Company, of which 100 S9 Antiminer Rigs (\"Rigs\") are currently deployed at a Montana, USA mining facility, with an additional 900 Rigs planned to arrive this quarter. Once all HashChain's purchased Rigs are deployed, including the 5,000 Rigs to be acquired in connection with the acquisition announced on April 25, 2018, the Company will operate a total of approximately 9,870 Rigs with over 15 MW of computer power.\n\n\n\n \nAs previously announced on May 3, Block One will receive 8.9 million shares of HashChain (\"HashChain Shares\") at a price of $0.35 per share in voluntary escrow whereby 30% of the shares will be released 60 days following the closing date, and 30% will be released 90 days following the closing date. A total of 40% of Block One's HashChain shares will not be subject to any voluntary escrow. \n\n\n \n\"Cryptocurrency mining continues to be a major pillar of revenue for the Company, in addition to our blockchain accounting and tax software, and Masternode Hosting service,\" says Patrick Gray, CEO of HashChain. \"HashChain currently has 1,870 Rigs deployed in our Vancouver and Montana data centers, with 8,000 purchased or received and awaiting installation. With our Montana facility capable of supporting 20MW of power, we have the infrastructure in place to continue acquiring new Rigs that support high-ROI mining.\"\n\n\n \nHashChain has 1,870 Rigs in operation with 2,000 additional Rigs purchased and received. The Company also recently announced an agreement to acquire a company with 5,000 Rigs which are expected to be deployed by the end of June 2018.\n\n\n \nAbout HashChain Technology Inc.\n\n\n \n\n\n\n \nHashChain is a blockchain company, and the first publicly traded (TSXV: KASH; OTCQB: HSSHF) Canadian cryptocurrency mining company to file a final prospectus supporting highly scalable and flexib...