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HashChain Technology Deploys an Additional 2,000 Cryptocurrency Mining Rigs: Brings Total Operating Rigs to 5,495
(via TheNewswire) Vancouver, BC / TheNewswire / July 10, 2018 - HashChain Tech...
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[{"type":"text","content":"HashChain Technology Deploys an Additional 2,000 Cryptocurrency Mining Rigs: Brings Total Operating Rigs to 5,495(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / July 10, 2018 - HashChain Technology Inc. (\"HashChain\" or the \"Company\") (TSXV: KASH; OTCQB: HSSHF) announced today it has deployed an aggregate total of 2,000 of the 6,000 cryptocurrency mining rig (\"Rigs\") shipment previously disclosed on July 5, 2018, bringing the total number of Rigs in operation by HashChain to 5,495 across its data centers. Upon deployment of the remaining 4,000 Rigs, HashChain is anticipated to have an aggregate total of 9,495 in operation requiring 14 Megawatts of computing power. \n\n\n \n\"The deployment of the remaining 4,000 Rigs of the shipment is on pace with expectations, and we anticipate the rest will be up and running in the next week or 10 days,\" says Patrick Gray, CEO and founder of HashChain. \"The Company continues to deliver on its promise to its investors to add over 9,000 Rigs to its operations this year.\"\n\n\n \nWith the 3,495 Rigs in operation prior to the announced deployment, the Company has mined 69.91 Bitcoin and 30.03 Dash over the 30-day period between June 9 and July 8, 2018. Based on coinmarketcap.com prices for both digital currencies on July 9, 2018 (CAD $8,501, CAD $295 for Bitcoin and Dash respectively), HashChain accumulated a value of CAD $594,305 from Bitcoin and CAD $8,859 from Dash.\n\n\n \nHashChain notes there are material costs associated with cryptocurrency mining and it will need to complete its next quarterly financial statements to have complete details. The Company will report full costs associated with its cryptocurrency mining operations in its financial statements. At this time, the Company has not converted the Bitcoin and Dash into fiat currency.\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 flexible mining operations across all major cryptocurrencies. HashChain taps low-cost North American power, cool climate and high-speed Internet: the trifecta most critical to mining success, to create a competitive position for maximizing the number of mining 'wins.' HashChain currently operates 1...