BitFrontier Capital Holdings, Inc. (BFCH) Provides Shareholder Update
Fredericksburg, VA - 
(NewMediaWire) - August 11, 2021 - BitFrontier
Capital Holdings, Inc. (OTC: BFCH) is excited to announce that it has purchased
the existing land where its first mining facility is located. Previously, we
had a ten year ground lease with any improvements made, including the warehouse
being owned by the previous landlord at the end of the lease. After some
negotiations, we were able to work out a deal and purchase it for $100,000
cash. With the improvements and additions we have made, the most recent tax
assessment for 2021 is just under $1,100,000 which will now be a direct asset
of the company.
Addressing concerns of becoming
“Pink Current”, as previously stated on our Twitter our financials are complete
and we are just awaiting OTC Markets login. In the meantime, we have hired a
website developer and will be uploading the financials to our website in the
coming days until we can officially post them on OTC Markets.
Lastly, touching on our mining
hash-rate. Upon completion of our immersion cooling system, we will be
releasing our total mining hashrate. Since we will be able to overclock our
miners quite a bit, we do not want to speculate where this number will be until
we have the first few miners in the tanks and see exactly how far we are able
to push them. This remains a top priority and is nearing completion.
As previously mentioned via Twitter,
we have added a new board member to head our revamped IR efforts, Mr. Bryan
Wilkinson. Shareholders with questions, or who would like to reach out to us
may contact Mr. Wilkinson directly at Bryan@bitfrontiercapitalholdings.com or
at ir@bitfrontiercapitalholdings.com
Thank you for your continued
support!
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
