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Home Cryptocurrency

BitFrontier Capital Holdings, Inc. (OTC PINK: BFCH) Provides Shareholder Update and Announces New Revenue Stream

by admin
October 25, 2018
in Cryptocurrency, Sponsored
0
BitFrontier Capital Holdings BFCH Cryptomining Facility Updates News Construction OTC Pink

BitFrontier Capital Holdings BFCH Cryptomining Facility Updates News Construction OTC Pink

Fredericksburg, VA, Oct. 25, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — BitFrontier Capital Holdings, Inc. (OTC PINK: BFCH) is excited to provide a shareholder update as the Company draws closer to the construction and buildout of its first cryptomining facility.

Including details related to the construction and engineering of our first facility, the Company also wishes to report details related to the share cancellation as well as announcing plans for a hosting service whereby third party clients may host cryptocurrency miners within our facilities in exchange for a management fee.

The Company has been working closely with its engineering team to complete a sitemap of the land where the first facility will be located for ultimate submission to the city for approval. As previously stated, management has met with city officials to discuss the proposed tech center. The land is already properly zoned which will accelerate the review of the project. Once the sitemap and blueprints of the facility are submitted to the city and approved, construction will begin immediately. These activities are expected to be completed in November.

The Company will be making a deposit on the prefabricated steel building once the site plans have been submitted to the city so that the building is ready to ship to the site upon approval from the city.

Additionally, the intended share cancellation is progressing through the court system smoothly and management expects that the shares in question will be officially cancelled in the near future. The Company has had no response from any defendants at this point. BitFrontier will provide additional details on the status of the court case as they become available.

With construction of the first facility nearing, the Company has announced plans to provide a hosting service for third party clients that wish to enter the cryptomining industry without the capacity to build a specialized facility or have the equipment/personnel to maintain one. BitFrontier will offer highly specialized data center services for cryptomining, including hosting, electricity, cooling, maintenance, setup and security, and more, including especially low rates for electricity, which reduces client costs and is a major competitive advantage in the marketplace.

In addition to the above strategy, the Company will still be purchasing and operating its own miners as well, however with the vast amount of datacenter space soon available, this will provide additional revenue for the Company with minimal additional capital outlay.

About BitFrontier Capital Holdings, Inc.

BitFrontier Capital Holdings is a blockchain-oriented Company focused on the cryptocurrency markets. The Company plans on expanding operations in the Bitcoin mining industry and management sees great potential in this rapidly expanding sector. Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the blockchain, and also the means through which new Bitcoins are released.

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.

Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com//disclosures/

Tags: acquisitionBFCHBitcoinblockchaincommon stockconstructioncryptoCryptocurrencycryptominingcryptomining facilitycryptonewscryptotraderdigital currencyemerging growthengineeringEthereuminvestinginvestmentlegalmicrocap stocksnewsotc marketspublic companyrevenuessalesservicessmall cap companiessmall cap stockssmall capsSpotlight GrowthSpotlight Growth Stocksstock marketstockstechtechnology stockstrading
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