BitFrontier Capital Holdings, Inc. (BFCH) Provides Shareholder Update
Fredericksburg, VA - (NewMediaWire) - February 8, 2021 - BitFrontier
Capital Holdings, Inc. (OTC: BFCH) is excited to announce that internet service
has been hooked up and mining will commence by next week. Although we are still
awaiting Comcast to install our permanent internet service which was initially
estimated to take 31 days but now has an expected completion of early March,
our wholly-owned subsidiary TelesisIT was able to assist in obtaining a
temporary solution so we can begin to power our miners on until Comcast is
completed.
While we have been awaiting
internet service, we decided to get a head start on our immersion cooling
system which we estimate to cut mining costs by approximately 60%. We have
taken delivery of two 8-fan dry coolers and began installing the necessary
plumbing and tanks necessary to convert from traditional air cooled mining to
an immersion cooled mining farm. We expect to be able to transition to a fully
immersion cooled farm within a few months of turning on our first miners.
Lastly, we have been finishing up
the missing quarterly reports needed to regain Pink Current Information with
OTC Markets and will have these posted in the near future.
We will be posting pictures of
the immersion cooling system on our twitter at https://twitter.com/BitFrontierInc
About BitFrontier Capital
Holdings, Inc.:
BitFrontier Capital Holdings'
business plan is to concentrate on crypto-currency related investments and
development opportunities through crypto-currency mining, investments in
private and/or public entities, joint ventures, and acquisitions of block-chain
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 is currently in the final stages of
construction of a warehouse specifically designed for hosting crypto-currency
mining equipment. Crypto-currency 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 block-chain and thereby confirm digital asset
transactions. A party which is successful in adding a block to the block-chain
is awarded a fixed number of digital assets in return.
For additional information
please visit www.bitfrontiercapitalholdings.com
FORWARD-LOOKING STATEMENTS
This press release may contain
forward-looking statements. The words "believe," "expect,"
"should," "intend," "estimate,"
"projects," variations of such words and similar expressions identify
forward-looking statements, but their absence does not mean that a statement is
not a forward-looking statement. These forward-looking statements are based
upon the Company's current expectations and are subject to a number of risks,
uncertainties and assumptions. The Company undertakes no obligation to update
any forward-looking statements, whether as a result of new information, future
events or otherwise. Among the important factors that could cause actual
results to differ significantly from those expressed or implied by such
forward-looking statements are risks that are detailed in the Company's filings
on file at www.otcmarkets.com.
BitFrontier Capital Holdings Investor
Relations
540-736-3069
ir@bitfrontiercapitalholdings.com