Link Global Announces The Arrival On Site of Bit Digital’s Bitcoin Mining Machines, Bringing Hash Rate to 350 PH/S
Link Global Technologies Inc. has announced the arrival of 1,515 Bitcoin mining rigs in partnership with Bit Digital Inc., boosting their operational capacity to over 350 PH/s. The machines are scheduled to be operational by April 5, 2021. The company focuses on providing infrastructure and expertise for digital mining, aiming to capitalize on the current high Bitcoin prices. The announcement highlights Link's commitment to expanding its hash rate and maintaining a competitive edge in the digital mining industry.
- Addition of 1,515 Bitcoin mining rigs, enhancing operational capacity to over 350 PH/s.
- Partnership with Bit Digital Inc. broadens profit-share mining operations.
- Link aims to leverage high Bitcoin prices to maximize profitability.
- None.
VANCOUVER, BC / ACCESSWIRE / March 31, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE: LNK; FRA: LGT; OTC: LGLOF) ("Link" or the "Company"), an innovative power and infrastructure solutions provider for Bitcoin mining and data hosting operations, is pleased to provide an update on its profit-share Bitcoin mining operations. As previously announced onMarch 17, 2021, the Company will be operating 1,515 Bitcoin mining rigs under a profit-share mining partnership with Bit Digital Inc.("Bit Digital") (NASDAQ: BTBT), a Nasdaq Stock Exchange-listed bitcoin mining company. Link is pleased to announce the arrival and installation of the machines are currently underway and will be fully operational on or around April 5, 2021.
With the addition of these miners, Link will now have over 350 PH/s through various power purchase agreements, hosting contracts, profit-share arrangements, and Bitcoin miners owned by Link.
Link President and Chief Executive Officer Stephen Jenkins commented, "We have worked diligently towards the delivery, testing, installation, and operation of these machines. We are eager to take advantage of the all-time high BTC price we are currently experiencing. We look forward to providing more updates as we continue to strategically add more hash rate."
About Link Global Technologies Inc.
Link is engaged in providing infrastructure and operating expertise for digital mining and data hosting operations. Link's objectives include locating and securing, for lease and option to purchase, properties with access to low-cost, reliable power, and deploying this low-cost power to conduct digital mining and supply clean energy and infrastructure for other data-hosting services.
On behalf of Link Global Technologies Inc.
Stephen Jenkins
Chief Executive Officer & Director
For more information, visit http://linkglobal.io/ or contact:
Steve Jenkins
stephen@linkglobal.io
+1-877-770-6545
For investor information, please contact:
info@linkglobal.io
+1-833-707-8708
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION. This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "forecast", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes", or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "would", "could", "should" or "might" occur. Forward-looking statements made in this news release include, but are not limited, to statements with respect to the Agreement and the terms and potential benefits thereof; that the parties will enter into the definitive partnership agreement and the terms thereof, including the timeline for same; that Link's significant expertise in international projects and government relationships will assist the development of these projects; and that the initiatives are slated to begin implementation in fiscal Q2 2021. All such forward-looking statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions, and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature, they require making assumptions and involve inherent risks and uncertainties. The Company cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. In the case of the Company, these risks, uncertainties, assumptions and other factors include, without limitation: that the parties may not enter into a definitive partnership agreement at all or on the terms announced; that actual results from the partnership may differ materially from the parties' expectations; those set out in the Company's most recent MD&A, fluctuations in the price of electricity, fluctuations in the price of digital currencies/Bitcoin, the future potential halving of Bitcoin, increases in the network difficulty rate and price of digital currencies/Bitcoin, negative changes in the level of digital currency/Bitcoin rewards per block, the securing of economic rates for the purchase of power, the opportunities for acquiring digital currency mining hardware, unanticipated changes in laws, regulations or other industry standards affecting the business of the Company, reliance on key management personnel, the Company's ability to implement its business plan, litigation risk, stock price volatility, the effects of general economic and other factors beyond the control of the Company, and other matters that may occur in the future. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of the date hereof. Other than as specifically required by law, the Company undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.
SOURCE: Link Global Technologies Inc.
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FAQ
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