Quarterly Cash Dividend Announced By Vortex Brands from Bitcoin Mining Operations

Rhea-AI Summary

Vortex Brands Co. (OTC: VTXB), a provider of cryptocurrency mining services, announced a quarterly cash dividend of $0.000006 per share from its Bitcoin mining operations. Shareholders of record as of May 1, 2023 will receive the dividend on June 15, 2023. CEO Todd Higley emphasized the company's commitment to delivering shareholder value and expanding its mining capabilities amid a growing cryptocurrency market. Vortex Brands focuses on sustainable and innovative solutions in Bitcoin mining, aiming to generate long-term shareholder returns.

Positive

• Quarterly cash dividend of $0.000006 per share enhances shareholder value.
• Commitment to expanding mining capabilities indicates growth potential.

Negative

• Dependency on external factors like power pricing and mining difficulty could impact profitability.

DENVER, March 24, 2023 /PRNewswire/ -- Vortex Brands Co. (OTC: VTXB), a leading provider of cryptocurrency mining services, is pleased to announce a quarterly cash dividend for its shareholders from its Bitcoin mining operations.

The dividend payment represents $0.000006 per share and will be distributed to shareholders of record as of May 1, 2023 snd paid on June 15, 2023.

"Providing value to our shareholders is a top priority for us, and we are delighted to continue this tradition of distributing cash dividends from our Bitcoin mining operations," said Todd Higley CEO Vortex Brands. "As the cryptocurrency market continues to grow, we remain committed to expanding our mining capabilities and generating sustainable returns for our investors."

Vortex Brands is a leading provider of cryptocurrency mining services, offering a range of solutions for individuals and institutions seeking exposure to the rapidly growing digital asset bitcoin. With a focus on sustainability, innovation, and operational excellence, Vortex Brands is committed to delivering long-term value to its stakeholders.

As always, the Company seeks to provide as much transparency about it bitcoin mining operation as possible, here is the link to our wallet which can be viewed by shareholders:
https://www.blockchain.com/btc/address/38xnQP3mbWoDQTqLZy3GFMZyd2bwigvwCp

About Vortex Brands Co.: The Company operates as Technology Holdings Company that focuses on cryptocurrency sector, particularly Bitcoin Mining. Additional information is available by visiting company's website at www.vortexbrands.us or on twitter at  https://twitter.com/Vortexbrands. 

*Revenue related calculations. Please note that the Company believes that any revenue related calculations are accurate and based on factual information, there can be no assurance that the Company will be able to achieve all projections due to number of business-related factors, such as power pricing, mining equipment availability, bitcoin mining difficulty, bitcoin market pricing and other unforeseen issues in deploying its mining rigs.  You can view update information on Bitcoin Mining by visiting https://minerstat.com/coin/BTC

Certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company's business and any of its products, services or solutions. The words "believe," "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, copies of which may be obtained from the SEC's website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.

 

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SOURCE Vortex Brands Co.

FAQ

What is the dividend amount for Vortex Brands (VTXB)?

The quarterly cash dividend for Vortex Brands is $0.000006 per share.

When will Vortex Brands (VTXB) pay the dividend?

The dividend will be paid on June 15, 2023, to shareholders of record as of May 1, 2023.

What are the risks associated with Vortex Brands' Bitcoin mining operations?

Risks include power pricing, mining equipment availability, and Bitcoin market pricing.

How does Vortex Brands (VTXB) generate returns for its investors?

Vortex Brands generates returns through its Bitcoin mining operations and aims for sustainable growth.