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Bullet Blockchain (OTCMKTS:BMIN) has completed a 1-for-10 Reverse Stock Split effective November 22, 2021. As part of the process, the company has implemented a round-up strategy ensuring shareholders with fewer than 4,440 shares receive 444 shares, promoting shareholder value and confidence. Bullet aims to expand its Bitcoin mining operations leveraging 3,500 ASIC miners, increasing its initial capacity from 100 megawatts to 200 megawatts. This strategy aims at producing Bitcoin more cost-effectively with greater profit margins in a promising crypto mining market.
Bullet Blockchain has announced its merger with Britannia Mining, which is progressing towards formal integration and a name change. A reverse stock split of 1-10 will occur, along with adjustments for shareholders. Smaller shareholders will be rounded up to a minimum of 444 shares, while larger holders above 4 million shares will be rounded down to 366 shares. This restructuring aims to protect shareholder interests and improve the capitalization table. The merger is expected to facilitate growth, with plans to expand capacity to 200 megawatts, marking a significant increase from the initial 100 megawatts.
Britannia Mining, Inc. (OTC PINK:BMIN) has formally merged with Bullet Blockchain, LTD. to pivot into the crypto mining industry, focusing on Bitcoin mining. The merger enhances its operational capacity, increasing its year-one buildout from 100 megawatts to 200 megawatts, achieving a hash rate capacity of 6,000 petahash.
This transition involves a 1-10 reverse stock split, designed to protect smaller shareholders, alongside a 'round up' and 'round down' strategy for share adjustments. Management is optimistic about creating opportunities for both current and new investors as the company restructures.
Britannia Mining has completed its merger with Bullet Blockchain, transitioning from physical mining to the crypto sector, specifically focusing on bitcoin mining. This strategic move aims to capitalize on the burgeoning crypto mining industry. Bullet has secured 3,500 ASIC miners and is set to achieve a hash rate capacity of 6,000 petahash. Following the merger, Imran Ellis has been appointed as the new CEO. Additionally, plans for a name change and a reverse stock split are underway to better position the company in the market.
Britannia Mining (OTCPink:BMIN) has reapplied to the OTC Markets Group to upgrade its designation to Pink Current. Previously delinquent in its financial filings, the Company aims to become current with all disclosures by the end of the 3rd quarter of 2021. Management is working on its accounting and expects to start filing in the 2nd quarter. In conjunction, Britannia plans to change its corporate name to reflect a shift towards digital technology. A reverse stock split is also under consideration. Shareholders are encouraged to stay informed on Company updates.
Britannia Mining, Inc. (OTC PINK:BMIN) announced plans for a reverse stock split aimed at restructuring its capital table. Management is considering various methods to implement this split, including 'Round Ups,' to protect shareholders equitably. The move follows the recent appointment of a new president and board member, signaling potential corporate changes to reposition the company in the market. Britannia is also exploring opportunities in digital technology, which may influence the split ratio and future growth.
Britannia Mining has appointed a new President and Board Member, as filed with Nevada's Secretary of State. This leadership change aims to enhance the company's market position amid upcoming corporate actions that could directly affect business operations and shareholder interests. Britannia Mining focuses on natural resource development and is exploring a transition towards digital technology. Shareholders are encouraged to stay informed on future filings and press releases regarding the company's strategic adjustments.
