Vortex Brands Increases Bitcoin Mining Capacity And Purchase Of S19j Pro
Vortex Brands Co. (OTC: VTXB) has acquired three additional S19j Pro (100th) mining machines, bringing its total to six units and increasing its mining capacity by approximately 42%. The new machines are expected to come online in the coming weeks. Vortex aims to provide shareholders with transparency by offering real-time updates on Bitcoin mining results through a dedicated wallet address, enhancing shareholder engagement. However, the company notes potential risks that may affect revenue projections, such as power pricing and Bitcoin market fluctuations.
- Acquired three additional S19j Pro mining machines, increasing total units to six.
- Expected mining capacity increase of approximately 42%.
- Commitment to transparency by providing real-time updates on mining results.
- Revenue projections may be affected by power pricing, mining equipment availability, and Bitcoin market fluctuations.
DENVER, Jan. 18, 2022 /PRNewswire/ -- Vortex Brands Co. (OTC: VTXB) announces it has acquired three additional S19j Pro (100th) for its Bitcoin Mining operations increasing its current order of S19j Pro to six. The Company is expecting its S19j Pros to begin coming on-line in the coming weeks, representing an increase in mining capacity of approximately
As promised, we will provide as much transparency as possible to our shareholders regarding our Bitcoin Mining operations. As part of this, we will provide updates from the mining results to provide our shareholders with up-to-date information instead of making them wait until quarterly filings are made. Shareholder are encouraged to follow progress by viewing our corporate Bitcoin wallet address as provided below, to track our daily progress.
The wallet can be viewed by shareholders at:
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
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