BITFRONTIER CAPITAL HLDGS - BFCH STOCK NEWS

BitFrontier Capital Holdings (OTC: BFCH) has secured a one-year lease for a new property, with plans to purchase it in 2024. The property, which includes a 2000 sq ft building on .7 acres, is strategically located near a major substation, allowing BFCH access to significantly more power for its mining operations. The company anticipates increasing its miner capacity from 1 Megawatt to a projected 4 Megawatts. Additionally, BFCH is finalizing the acquisition of ASIC Miners US, which generated over $6 million in revenue in 2022. The company's 2022 revenues marked a record, and it operates debt-free. Changes in executive roles are also noted, alongside new cloud and hosting agreements that are expected to bolster future revenue.

BitFrontier Capital Holdings (OTC: BFCH) reported significant developments in its year-end summary. Following a successful turnaround since August's acquisition, the company has eliminated past debts and relaunched its mining operations. A merger with Asic Miners US, generating over $6 million in revenue, is expected to be finalized in January 2023. The company is also enhancing its mining capabilities and introducing a hosting model. Additionally, TelesisIT has seen strong growth. The company aims for progressive developments in 2023, ensuring shareholder engagement and support.

BitFrontier Capital Holdings (OTC: BFCH) has announced the ordering of components for its Liquid Immersion Cooling system from Engineered Fluids Inc., which includes 10 SLIC tanks and associated equipment. The first five tanks and a 1 Megawatt cooler are expected by the end of December 2022. To support its growing facility, BFCH aims to enhance its mining capabilities by ordering additional ASIC Mining power panels and a two-megawatt transformer. Additionally, the company has formed a wholly owned subsidiary, Liquid Immersion Worldwide LLC, based in Wyoming.

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.

BitFrontier Capital Holdings (OTC: BFCH) has initiated deployment of crypto miners at a new facility in North Carolina, with testing expected to complete shortly. The company has ordered additional miners to enhance capacity, utilizing energy-efficient Bitmain KDA Miner KA3 models. A 3-year, $12,000 annual lease has been signed for the facility, which is equipped with essential power. Additionally, no new convertible debt has been incurred, and discussions to address existing debt are ongoing. The company aims to maximize profits while minimizing operational costs.

BitFrontier Capital Holdings (OTC: BFCH) announces the acquisition of a new 1,000 kW dry cooler and a 125 kW ASIC mining panel for its North Carolina facility. The cooler will enhance equipment longevity by maintaining optimal temperatures, while the mining panel will streamline power distribution to individual miners with a 42 PDU setup. The company has appointed Tom Ellison as Chief Technical Officer, bringing over 23 years of IT infrastructure experience. BFCH is preparing for active crypto mining and has begun receiving initial miners, with further updates expected soon.

BitFrontier Capital Holdings, Inc. (OTC: BFCH) has updated all its filings on OTC Markets, achieving Pink Current status, enabling trading on multiple platforms. President Bryan Wilkinson appreciates shareholders' support during the transition after a management change. Upon gaining control, the company liquidated non-essential assets, reducing expenses and generating cash. Outstanding debts, including taxes and service fees, were cleared. BFCH plans to enhance its crypto mining operations, expecting to triple revenue with the acquisition of Asic Miners US, which has already surpassed $6 million in revenue for 2022.

BitFrontier Capital Holdings (OTC: BFCH) reflects on a challenging 2021 and outlines growth strategies for 2022. The company acquired a debt-free 1.32-acre mining facility, increasing its asset value to $1,071,300. In response to SEC Rule amendments, it strengthened its management and filed overdue financial reports, achieving compliance. A new immersion cooling system is set to enhance mining operations in Q1 2022. Looking ahead, BitFrontier aims for a PCAOB audit to up-list to OTCQB and become fully SEC reporting, while exploring acquisitions to expand operations.

BitFrontier Capital Holdings (OTC: BFCH) has announced significant progress in its mining operations and immersion cooling system. Delays due to supply chain issues have been overcome, and key components have been procured. Once operational, the system anticipates a 30% increase in efficiency and a daily revenue of $5,000 to $8,000. The company plans to expand its cooling capabilities and is in the process of selecting a new Chief Technology Officer (CTO), showcasing its commitment to shareholder value.