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Home Cryptocurrency

BitFrontier Capital Holdings, Inc. (OTC Pink: BFCH) Makes Deposit on its First Cryptomining Facility

by admin
November 6, 2018
in Cryptocurrency, Sponsored
0
BitFrontier Capital Holdings BFCH OTC Pink Cryptomining Facility News

BitFrontier Capital Holdings BFCH OTC Pink Cryptomining Facility News

Fredericksburg, VA, Nov. 06, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — BitFrontier Capital Holdings, Inc. (OTC: BFCH) is pleased to announce a 25% down payment on its first steel warehouse which is customized for cryptomining operations.

The Company will be submitting blueprints of the warehouse, along with the sitemap that the engineering team is currently drafting for final approval in the coming weeks. Once completed, the Company will share a 3D rendering with its shareholders.

With the deposit in place, the manufacture of the warehouse will begin fabrication and prepare it for delivery to the building site once approvals are received . The balance will be paid once the building arrives on site. BitFrontier CEO, Spencer Payne, commented, “This is a very exciting time, seeing our plans and visions for the future of the Company beginning to come to life.”

BitFrontier Management believes that the current market environment for cryptocurrencies is very beneficial for the Company. The decline in Bitcoin over 2018 has reduced market demand for services and hardware that BitFrontier will require in the coming months. With this reduction in demand, BitFrontier will be able to negotiate more aggressively for terms and pricing with its suppliers.

BitFrontier Management understands implicitly that Cryptocurrencies are volatile and believes that Cryptocurrencies will rise in the future. Current market conditions will allow the Company to efficiently deploy capital expenditures while it prepares for an exciting future.

About BitFrontier Capital Holdings, Inc.

BitFrontier Capital Holdings business plan is to concentrate on cryptocurrency related investments and development opportunities through cryptocurrency mining, investments in private and/or public entities, joint ventures and acquisitions of blockchain related companies. BitFrontier Capital Holdings has two wholly owned operating subsidiaries, BitFrontier Capital Investments, Inc. and BitFrontier Technologies, Inc. Through the Company’s wholly owned subsidiary, BitFrontier Technologies, Inc., the Company plans to build a warehouse specifically designed for hosting cryptocurrency mining equipment. Cryptocurrency mining (e.g. bitcoin mining) entails running ASIC (application-specific integrated circuit) servers or other specialized servers which solve a set of prescribed complex mathematical calculations in order to add a block to a blockchain and thereby confirm digital asset transactions. A party which is successful in adding a block to the blockchain is awarded a fixed number of digital assets in return.

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company’s reports and filings at https://www.otcmarkets.com/

Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.

Disclaimer:

Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.

All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated four thousand dollars worth of restricted common stock for the creation and dissemination of this content.

This material does not represent an investment solicitation. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management.

The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings.  Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.

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Tags: acquisitionBFCHBitcoinBitcoin miningBitFrontier Capitalblockchaincommon stockcryptocrypto stocksCryptocurrencycryptominingcryptonewscryptotradercryptotradingdigital currencyemerging growthEthereuminvestinginvestmentmicrocap stocksnewsotc marketsOTC Pinkotc stockspublic companysalesservicessmall cap companiessmall cap stockssmall capsSpotlight GrowthSpotlight Growth Stocksstock marketstockstechtechnology stockstrading
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