Viper Networks has started its Bitcoin/Ethereum mining operation & the development of new technologies to increase energy efficiency and profitability of mining
Viper Networks, Inc. (OTC Pink: VPER) has entered the cryptocurrency space following its acquisition of EcoTech Solutions, Inc. The company aims to significantly reduce mining costs by at least 50% using advanced technologies focused on solid-state cooling and renewable energy generation. This move aligns with Viper's expansion of Smart City solutions, integrating state-of-the-art mining technologies with industry applications. Additionally, the board has revoked plans for a reverse stock split, citing better alternatives for company growth.
- Entered the cryptocurrency space, enhancing growth potential.
- Acquisition of EcoTech Solutions to bolster technology development.
- New mining technology to cut operational costs by at least 50%.
- Commitment to integrate advanced capabilities into Smart City projects.
- None.
TROY, Mich., Jan. 10, 2022 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (OTC Pink: VPER), (Company), an emerging company in the Smart City solutions and products, is pleased to announce that they have officially entered the cryptocurrency space and started their own cryptocurrency mining and development of state-of-the-art technologies to extensively reduce the cost of mining operations, as part of the recent acquisition of EcoTech Solutions, Inc.
Viper Networks has been actively expanding its Smart City solutions with its Smart Poles, concealed security & surveillance cameras, broadband & wireless communications, digital information panels, environmental sensors, electric vehicle charging systems, renewable energy and now its own blockchain technology.
The main purpose of these new breakthrough technologies of solid-state cooling and renewable energy power generation is to reduce heat emissions and overall energy consumption for blockchain mining. This will greatly improve efficiency by lowering the cost of the mining operation by at least
The Viper Networks mining operation will use the most advanced Graphical Processing Units (GPU’s) in the industry to produce the best hash rates needed for high profitability and return on investment. These technologies can be integrated into numerous industries and applications.
Viper Networks’ President, Mr. Farid Shouekani, stated: “Viper Networks is committed to bring new technologies to fuel the growth of the company. These new capabilities allow us to exploit the massive growth opportunities in the crypto space. EcoTech is our first initiative to significantly expand our new technologies and product line into our Smart City projects which incurred some delays due to the pandemic and current supply chain conditions.”
President Shouekani continued: “The board has revoked the approval of the company stock reverse split as they do not find it the most suitable option due to better options available to the company.”
For more information go to www.ViperNetworks.com or follow us on twitter at https://twitter.com/vipernetworks.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this release which are not historical are forward-looking and include any statements regarding beliefs, expectations or intentions regarding the future.
Contact:
Viper Networks, Inc.
248-724-1300
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