Welcome to our dedicated page for CALETHOS news (Ticker: BUUZ), a resource for investors and traders seeking the latest updates and insights on CALETHOS stock.
CalEthos Inc. (BUUZ) is a California-based company actively pursuing opportunities in the state's regulated cannabis market. This page aggregates official news and updates regarding their strategic initiatives, corporate developments, and industry positioning. Formerly operating as RealSource Residential with a focus on multi-family properties, the company rebranded in 2018 to target emerging cannabis sector opportunities under its current leadership.
Investors and industry observers will find timely updates on regulatory compliance efforts, partnership announcements, and market expansion strategies specific to CalEthos' operations. All content is sourced from verified corporate communications to ensure accuracy and relevance for stakeholders monitoring this evolving business landscape.
Bookmark this page for streamlined access to CalEthos' latest press releases, including details on executive appointments, operational milestones, and compliance updates within California's complex cannabis framework. Check back regularly for new developments as the company navigates this high-growth industry.
CalEthos, Inc. (OTC Markets: BUUZ) has announced significant changes as it transitions to AIQ Blockchain, Inc. The company closed a $3.5 million financing to develop a 5 nanometer ASIC chip for bitcoin mining, aiming to create energy-efficient systems that consume at least 50% less electricity than traditional models. The new immersion-cooled mining systems are set for prototype testing by mid Q2-2022. CalEthos is also upgrading to the OTCQB exchange and changing its trading symbol to AIQB.QB pending approval.
CalEthos, Inc. (OTC Markets: BUUZ.PNK) announced a strategic shift from cannabis retail to cryptocurrency. The company plans to develop high-performance computer systems for crypto transactions, featuring a 5 nanometer ASIC chip and immersion-cooled bitcoin mining systems. This transition follows the challenges in cannabis financing exacerbated by the COVID-19 pandemic. CalEthos, expected to rebrand as AIQ Blockchain, Inc. with a new trading symbol, aims to upgrade its OTC listing. Development is projected to take 10-12 months, and financing will be sought from accredited investors.
