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HashChain Technology Deploys Another 1,625 New Rigs in Cryptocurrency Mining Facility Bringing Company Total to 3,495
(via TheNewswire) Company has 3,495 Total Operational Rigs Using 4.6 MW of Computing Po...
About this update from Intellabridge Technology Corp.
[{"type":"text","content":"HashChain Technology Deploys Another 1,625 New Rigs in Cryptocurrency Mining Facility Bringing Company Total to 3,495(via TheNewswire)\n \n \nCompany has 3,495 Total Operational Rigs Using 4.6 MW of Computing Power\n\n\n \nVANCOUVER, BC / TheNewswire / May 30, 2018 - HashChain Technology Inc. (\"HashChain\" or the \"Company\") (TSXV: KASH; OTCQB: HSSHF) today announced the deployment of an additional 1,625 cryptocurrency mining Rigs (\"Rigs\") at their Montana, USA data center (\"Montana Facility\"). With 1,870 Rigs already in operation, the Company is mining with a total of 3,495 Rigs using approximately 4.6 MW of computing power. \n\n\n \nHashChain has 100 GPU Rigs in operation for exclusively mining Dash (DASH) digital currency, and 3,395 ASIC Rigs for mining Bitcoin (BTC).\n\n\n \n\"We are committed to scaling our mining operations amidst a rapidly consolidating market that requires aggressive growth,\" says Patrick Gray, CEO of HashChain. \"Just a little over five months ago, the Company was operating with only 100 GPU Rigs, and now we are poised to deploy a total of 9,495 Rigs before the end of July 2018 upon successful completion of our recently announced acquisition. In tandem with our growth in this area, HashChain is also allotting heavy resources to our Masternode hosting platform and blockchain accounting and tax software to build upon all revenue streams.\"\n\n\n \nWith the deployment of the 3,495 Rigs, the Company has an additional 1,000 Bitcoin Rigs purchased and awaiting installation and has entered into an agreement to acquire an additional 5,000 Bitcoin Rigs. With all 9,495 Rigs in operation, HashChain will be mining with approximately 12.5 MW of power.\n\n\n \nAbout HashChain Technology Inc.\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 100 DASH mining Rigs and 3,395 Bitcoin Rigs with an additional 6,000 to be deployed upon successful completion of its recently announce...