BitFrontier Announces 1st Major Miner Customer to OverClock Using Liquid Immersion Hosting Services

Rhea-AI Summary

BitFrontier Capital Holdings (OTCMKTS: BFCH) announced a significant agreement with Code Green (OTCMKTS: CGAC), marking a milestone in its business growth. Code Green has ordered 412 Antminer S19 Pro+ units and is set to host them at BFCH's newly established Liquid Immersion Hosting facility in Louisiana. This deal not only provides a substantial fixed revenue win for BFCH's ASIC Miners US division, but also promises a recurring revenue stream extending into FY2024. Notably, BFCH plans to overclock these units to achieve a hashing rate 150% greater than conventional setups. Upon completion, the installation will yield an impressive 270 Peta-Hash, requiring over 7 MegaWatts of power. Both companies view this partnership as pivotal for their success in the crypto mining industry.

Positive

• BFCH secured a major contract with Code Green for 412 Antminer S19 Pro+ units.
• The hosting agreement will create substantial fixed revenue for Q2 and recurring revenue through FY2024.
• Potential to overclock units for a 150% increase in hashing rate, enhancing investment returns.
• The installation will achieve 270 Peta-Hash output, indicating significant operational capacity.

Negative

• None.

SAN JOSE, CA, April 27, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – BitFrontier Capital Holdings, Inc. (OTCMKTS: BFCH), a leading provider of crypto mining hardware and hosting centers, announces our first large ASIC miner customer to take the plunge and overclock in our Liquid Immersion hosting facility.

Code Green (OTCMKTS: CGAC) has just purchased 412 Antminer S19 Pro+ from our AsicMinersUS.com division and agreed to host them at our Liquid Immersion Hosting site, recently opened in Louisiana. Code Green has also expressed the intent to roll out another 1088 units in the coming months, to round out an even 1500 units.

This represents a large fixed revenue win for BFCH’s ASIC Miners US division via miner sales which will be reported in Q2 but also a very substantial recurring revenue stream for our hosting division spreading into FY2024! 

Perhaps the most exciting part is that we are working with Bitmain and a 3rd party to overclock these units to achieve a 150% larger hashing rate over the air cooled units. This will allow Code Green to maximize the potential of their investment and take advantage of the benefits of liquid immersion. We are already in talks to roll out another 1100 units in the coming months. 

Logan Rice, CEO of CGAC, stated, “We’ve chosen to go with BFCH because we like their one stop shop approach. We have one relationship, one partner to call. BFCH understands our goals, needs and our desire to overclock these units safely and reliably.” 

Andrew Gilton, CEO of BFCH, stated, “Our team is ready to carefully monitor the installation as we throttle these units to the agreed upon 150%. Although the manufacturer states that these can go even higher, we agree with CGAC that 150% is a solid yet responsible and sustainable target.” 

Upon completion of Code Green's 1500 unit installation objective, this installation will produce an incredible 270 Peta-Hash and require just over 7 MegaWatts of power. This is an amazing milestone for both companies and they are thrilled to be a part of it. 

A message from our CEO regarding this customer win and why it is important to our success YouTube Link

About BitFrontier Capital Holdings, Inc.

BitFrontier Capital Holdings, Inc. is a leading provider of Crypto Mining Hardware and Hosting Centers. Consisting of ASIC Miners US, Inc. and Liquid Immersion Worldwide, Inc., BitFrontier is a one stop shop for purchasing the very latest mining equipment and strategically located hosting centers throughout the US. 

To keep up with further announcements in between our scheduled press releases, please follow our new twitter account https://twitter.com/bfchco

https://www.bfchco.com/

https://asicminersus.com/

https://www.liquidimmersionhosting.com/

Contact- PR@bfchco.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 respective filings at www.otcmarkets.com

FAQ

What is the recent partnership between BFCH and Code Green?

BFCH has partnered with Code Green to supply and host 412 Antminer S19 Pro+ units, with plans for an additional 1,088 units.

How will the Code Green deal impact BFCH's revenue?

The agreement is expected to provide significant fixed revenue in Q2 and a recurring revenue stream extending into FY2024.

What is the hashing capacity of the new units installed by BFCH?

The installation will produce approximately 270 Peta-Hash, utilizing over 7 MegaWatts of power.

What advantages does BFCH's Liquid Immersion Hosting offer?

The hosting facility allows for improved cooling and efficiency, enabling overclocking of miners for higher performance.

What is BFCH's stock symbol?

BFCH trades under the stock symbol OTCMKTS: BFCH.