Codebase Bitcoin Mining Operation Advances
Codebase Ventures Inc. (CSE:CODE)(OTCQB:BKLLF) has announced advancements in its bitcoin mining infrastructure. As bitcoin gains traction with institutional investors, highlighted by Morgan Stanley's recent offering of bitcoin funds, Codebase is preparing to deploy 115 Canaan A1246 miners to a facility in upstate New York. Additionally, the Company has engaged Proactive Investors for $52,500 annually to enhance investor awareness. The developments reflect Codebase's commitment to leveraging the growing cryptocurrency market for long-term success.
- Preparations for deploying 115 new Canaan A1246 bitcoin miners, boosting mining capacity.
- Increased institutional interest in bitcoin, supported by Morgan Stanley's new fund offerings.
- Engagement with Proactive Investors to enhance investor awareness.
- None.
VANCOUVER, BC / ACCESSWIRE / March 18, 2021 / Codebase Ventures Inc. ("Codebase" or the "Company") (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) is pleased to provide an update on the current bitcoin ecosystem and the Company's bitcoin mining infrastructure.
With Bitcoin establishing new support levels fueled by institutional investors and individuals alike, Morgan Stanley became the first big U.S. bank to offer clients access to bitcoin funds on March 17th.1 "The level of acceptance indicated by this first big U.S. bank to enable ownership of Bitcoin broadens the opportunities and applications for cryptocurrencies, aligning with Code's efforts in establishing Bitcoin mining infrastructure for the long-term," said Mr. George Tsafalas, Codebase CEO.
As the Bitcoin and cryptocurrency markets continue to show increasing strength, Codebase is excited to announce that their Bitcoin mining machines are currently being prepped for immediate release to their hosting facility in upstate New York. This first tranche of 115 state of the art Canaan A1246 miners are to be delivered and operational in the coming weeks.
The Company also announced that it has engaged Proactive Investors for
About Codebase Ventures Inc.
Codebase Ventures Inc. seeks early-stage investments in sectors that have significant upside. We seek innovators who are establishing tomorrow's standards. We support those innovators and help take their ideas to market.
For further information, please contact:
George Tsafalas - Ivy Lu
Investor Relations
Telephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150
E-mail: IR@codebase.ventures
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE: Codebase Ventures Inc.
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