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WRIT Media Group Launches Pelecoin Cryptocurrency Mining Operation
WRIT Media Group Launches Pelecoin Cryptocurrency Mining Operation.
About this update from Writ Media Group, Inc.
[{"type":"text","content":"\n\n\n\nWRIT Media Group Launches Pelecoin Cryptocurrency Mining Operation\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nWRIT Media Group Launches Pelecoin Cryptocurrency Mining Operation\nPR Newswire\nBEVERLY HILLS, Calif., Feb. 9, 2018\n\n\n\nBEVERLY HILLS, Calif., Feb. 9, 2018 /PRNewswire/ -- WRIT Media Group, Inc. (OTCQB: WRIT) is pleased to announce the formation and launch of a wholly-owned cryptocurrency mining and hosting operation called Pelecoin Mining Factory Ltd. (\"PMF\"). PMF, a Nevada corporation, will develop and offer Pelecoin crypto coin mining hardware solutions, and will lease, build and operate cryptocurrency mining datacenters. Pelecoin Mining Factory is currently exploring datacenter locations that take advantage of cheap and clean electricity.\n\n\"We are very excited to be joining the crypto coin hardware and hosting business, and hope to increase access to our Pelecoin software platform by increasing hardware transaction speeds and offering this bundled solution at a competitive price,\" said WRIT Media Group CEO, Eric Mitchell. \"WRIT Media Group also expects to benefit by hosting third-party mining equipment, which can generate additional revenues for the Company when added to our Pelecoin software mining system.\"\n\nPelecoin Mining Factory expects to begin operating its pilot cryptocurrency mining facilities this month in Washington State and two other east coast locations. PLCN Mining Factory is already offering PLCN Miners with equipment sourced and assembled by technology professionals who have been engaged by the Company. These professionals are system architects who have extensive experience in creating and assembling computer equipment, and have created a custom tailored hardware solution to run Pelecoin mining software. Pelecoin Mining Factory is providing hosting services for a limited amount of equipment from third-parties, and expects this to be a growth area for the Company. \n\nWRIT Media's Pelecoin (\"PLCN\") is a token which is emitted based on the Pelecoin software platform that enables the simultaneous \"mining\" of a baske...