Strategic Asset Leasing Inc. Enters Into MOU
Strategic Asset Leasing (OTC PINK:LEAS) announced a Memorandum of Understanding (MOU) for a Joint Venture (JV) to develop a cryptocurrency mining center in Missoula County, Montana. The project will utilize a Vertical Axis Wind Turbine (VAWT) system, due to local renewable energy requirements. A local partner has been secured for co-development, and further details of the JV agreement are pending. The VAWT will also be patented for broader market use. CEO Jason Tucker expressed optimism about enhancing the company's balance sheet through this venture.
- Joint Venture established for cryptocurrency mining center in Missoula County, MT.
- Vertical Axis Wind Turbine (VAWT) system will meet local renewable energy requirements.
- Potential for patenting and marketing the VAWT system for broader applications.
- None.
CHEYENNE, WY / ACCESSWIRE / September 30, 2020 / Strategic Asset Leasing Inc. (OTC PINK:LEAS), the Company, is pleased to announce a Memorandum of Understanding (MOU) to enter into a Joint Venture (JV) to develop an additional cryptocurrency mining center in Missoula County, Montana.
Due to local rules requiring renewable energy sources for crypto mining in Missoula County, MT, the Company initially elected to forego this opportunity. Since that time, the Company has found a local partner to co-develop a Vertical Axis Wind Turbine (VAWT) system to power the project.
The parties have established a MOU and are still finalizing details of a final JV agreement. Once finalized the Company will update shareholders on the partner company and specifics pertaining to the mining facility.
The VAWT system will be engineered specifically for this use and the parties intend to patent and market the system for sales to other mining and data centers with similar renewable energy restrictions.
Stated CEO, Jason Tucker: "I initially passed on this opportunity for the more feasible New Jersey mining farm that we're closing on shortly. But the Montana project remained on my mind and I'm very pleased that I was able to find a local crypto company to partner with on this project. I expect a very impressive balance sheet for Strategic in the near future."
About:
About Strategic Asset Leasing Inc.: LEAS is focused on leveraging technology assets with a focus on the FinTech Industry and Internet of Things (IoT). These are rapidly growing sectors where Strategic will be developing and licensing technologies that will help companies penetrate these markets, increasing shareholder value.
Forward Looking Statements:
This press release contains forward-looking statements. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Contact:
info@strategicassetleasing.net
SOURCE: Strategic Asset Leasing Inc.
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FAQ
What is the latest update on Strategic Asset Leasing's cryptocurrency mining project?
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