AppSwarm’s COLONY Division Expands Its Cryptocurrency Mining Hardware Infrastructure Adding Dedicated Machine to Mine Ethereum

Rhea-AI Summary

AppSwarm, Corp. (SWRM) announced an expansion in its cryptocurrency mining infrastructure, adding a new machine dedicated to mining Ethereum (ETH). The company is currently mining Dogecoin (DOGE), Litecoin (LTC), and Ethereum, while staking Cardano (ADA). CEO Christopher Bailey expressed optimism despite challenging economic conditions, emphasizing plans to enhance cryptocurrency hardware and recruit staff for business relations. Additionally, the new NFT platform is set for a launch in August 2022, aiming to boost the company's digital offerings.

Positive

• Expanded cryptocurrency mining infrastructure by adding a new machine for Ethereum mining.
• Currently mining multiple cryptocurrencies (DOGE, LTC, ETH) and staking Cardano.
• Upcoming launch of a new NFT platform, enhancing digital product offerings.

Negative

• The company operates in a challenging economic environment, facing stock and crypto market gloom.

TULSA, OK, July 12, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – AppSwarm, Corp. (OTC: SWRM) is a collective of creative and technological minds focused on mobile application development, cybersecurity solutions, cryptocurrencies, NFTs, as well as digital marketing solutions.

COLONY update: As part of AppSwarm’s effort to create an automated revenue stream, SWRM recently expanded their cryptocurrency mining hardware infrastructure adding a dedicated machine to mine Ethereum (ETH). The goal with mining Ethereum is to hold long term and gain interest through staking.

SWRM is currently mining Dogecoin (DOGE), Litecoin (LTC), and Ethereum (ETH) while staking Cardano (ADA). Staking Ethereum moving forward is an asset of the COLONY roadmap.

Other updates in line with the COLONY division includes completion of the new NFT platform which is set to be completed by early August, 2022.

AppSwarm CEO, Christopher Bailey, stated, “Our team is very excited for the launch of the new NFT platform. Aside from the ‘Bored Alien’ series we are working on populating our NFT catalog to include unique creators and products that will surely make waves in the NFT realm. While we face the worst economy in decades, the worst first half in decades, stock market gloom, crypto gloom, and high inflation, SWRM stands strong and optimistic. We are doubling down on cryptocurrency hardware infrastructure and an interest gaining strategy while expanding our team to recruit B2B relations staff and application developers. With these aspects in place and functioning we are also building new relationships to gain strategic partnerships along the way.”

About APPSWARM

AppSwarm is a collective of creative and technological minds submerged in cybersecurity solutions, cryptocurrencies, NFTs, digital and marketing solutions.

AppSwarm also specializes in the accelerated development and publishing of mobile apps and other software platforms for gaming and business applications. AppSwarm partners with and assists other development firms in technology development, business management, and funding needs.

For more information, visit us at www.app-swarm.com or follow us on www.facebook.com/AppSwarm Twitter https://twitter.com/AppSwarm or Instagram https://www.instagram.com/appswarm/

Forward-Looking Statements:

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements that are subject to risk and uncertainties including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk, and other risks detailed from time to time in the Company’s filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause SWRM’s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.

Investor and Media Contacts: AppSwarm, Corp.
888-886-8583
info@app-swarm.com

FAQ

What is the recent development for AppSwarm (SWRM) regarding cryptocurrency?

AppSwarm has expanded its cryptocurrency mining infrastructure by adding a new machine dedicated to mining Ethereum.

What cryptocurrencies is AppSwarm currently mining?

AppSwarm is currently mining Dogecoin (DOGE), Litecoin (LTC), and Ethereum (ETH), and staking Cardano (ADA).

When is the new NFT platform from AppSwarm expected to launch?

The new NFT platform is scheduled to be launched by early August 2022.

How is AppSwarm (SWRM) planning to navigate the current economic challenges?

CEO Christopher Bailey stated that the company is focusing on enhancing cryptocurrency hardware and recruiting staff to improve business relations.