Business
UnitedCorp Announces Plans to Expand its BlockchainDome Heat Station to a Second Site in Québec
UnitedCorp Announces Plans to Expand its BlockchainDome Heat Station to a Second Site in Québec.
About this update from United American Corp
[{"type":"text","content":"\nNext phase of expansion would bring total capacity to 12.2 megawatts by end of this year\n\n \n \n \n \n \n \n \n \n \n \n \n Aerial view of Operating BlockchainDome and rendering of additional greenhouses\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Internal View of BlockchainDome\n \n \n \n \n \n \n \n \n\n MIAMI, July 25, 2018 (GLOBE NEWSWIRE) -- Miami-based United American Corp (\"UnitedCorp\") (OTC:UAMA) announced today that it is now in negotiations for a second site for its BlockchainDome Heat Stations as well as the installation of 2 additional Domes. This would bring the Company's total capacity to 12.2 megawatts.  With the recently announced contracts and expansion of 3 more BlockchainDomes currently under construction and to be completed in October, UnitedCorp has reached the limit of its capacity of 5,500 servers on the existing site. The Company has therefore been in negotiations for a new site on leased property within the territory of its current power supplier, the Coopérative Régionale d'Électricité de St-Jean-Baptiste-de-Rouville (\"COOP\"). Earlier this year UnitedCorp executed a series of power contracts with the COOP to service its existing site and expansion. The move is in response to the high level of interest that UnitedCorp has received for its BlockchainDome and Heat Station technology following the success of its first installation. \"We have been very pleased with the technical success of the BlockchainDome, particularly in light of this year's unusually hot summer,\" stated Lawry Trevor-Deutsch, UnitedCorp's Senior Vice President of Corporate Affairs. \"As a result of this, and the need we see for BlockchainDome capacity, this expansion is the next logical step in the company's development.\" The COOP's General Manager, Jacques Collins stated, \"With their focus on supporting the agricultural industry in Québec, from our perspective the BlockchainDomes represent a very good use of the electricity. We have also been very impressed with UnitedCorp's technology and implementation of this very exciting project and look forward to working with the company during the next phase.\" How BlockchainDomes work can be seen at: https://www.youtube.com/watch?v=YDmhhaJKHLg About United American Corp Established in 1992, United American Corp is a Florida-based development and manag...