BitFrontier Capital Holdings, Inc. Signs Letter of Intent to Acquire Asic Miners US & Announces Another Board Member

Rhea-AI Summary

BitFrontier Capital Holdings, Inc. (OTC: BFCH) has initiated its acquisition of ASIC Miners US, a substantial supplier of cryptocurrency miners with over $6 million in sales. The Letter of Intent has been signed, with plans to finalize the deal by the end of January. This acquisition aims to enhance BFCH's capabilities in supplying hardware and expanding its mining operations. BFCH, now under new management, is focused on growth within the cryptocurrency sector. Additionally, the company is bolstering its team with experienced professionals like Jason Holcomb to navigate operational challenges more effectively.

Positive

• Acquisition of ASIC Miners US will enhance hardware supply and mining operations.
• ASIC Miners US has substantial sales exceeding $6 million, indicating market demand.
• Strategic focus on expanding capabilities within the cryptocurrency sector.

Negative

• None.

Crestview, FL, Nov. 18, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- BitFrontier Capital Holdings, Inc. (OTC: BFCH) has started its plan to acquire ASIC Miners US. Both parties have executed their initial Letter of Intent and will move quickly to wrap up this by end of January. ASIC Miners is a large supplier of cryptocurrency miners with total sales already surpassing the $6 million dollar mark. Their diversified line of miners are designed to meet the needs of many different sizes of crypto farms ranging from people just mining in their homes up to larger farms like the one we continue to grow in North Carolina. 

BitFrontier Capital Holdings, Inc. currently plans to continue to concentrate on investment opportunities within the cryptocurrency market and the ASIC Miners US acquisition will add additional capabilities that will allow us to both supply customers out in the market with hardware as well as continue to expand our own mining operations even further. Currently BitFrontier Capital Holdings has three wholly owned operating subsidiaries, BitFrontier Capital Investments, Inc., BitFrontier Technologies, Inc., and TelesisIT, LLC. All of these subsidiaries are being headed by an all-new management team who are developing the company strategies within the Crypto & IT sectors. “I know that shareholders are anxious to know each and every plan that we have for the company, a detailed road map by end of year is set to be released to current and future investors. It is very important to this team that we first build out, then build up,” states Mr. Wilkinson.

In order to help ensure our success in all of our ventures, BFCH continues to add additional talented people to the company. Jason Holcomb recently accepted our invitation to join us. He comes to BFCH with an extensive Information Technology background including networking, security, and server deployment. His 20+ years of real-world experience will allow us to expand our facilities quickly without hitting many of the hurdles our competitors do. 

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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.

Bryan WIlkinson
252-876-1005
ceo@nitroholdingsllc.com

FAQ

What is the purpose of BitFrontier Capital Holdings' acquisition of ASIC Miners US?

The acquisition aims to enhance BitFrontier's capabilities in supplying cryptocurrency mining hardware and to expand its mining operations.

When is the acquisition of ASIC Miners US expected to be completed?

The acquisition is scheduled to be finalized by the end of January.

What is the current sales figure for ASIC Miners US?

ASIC Miners US has already surpassed $6 million in total sales.

Who is joining BitFrontier Capital Holdings to support its operations?

Jason Holcomb has joined BitFrontier with over 20 years of IT experience to help expand its facilities.

What are the future plans for BitFrontier Capital Holdings following the acquisition?

BitFrontier plans to release a detailed roadmap to shareholders by the end of the year.