WPUR Adds Sustainable Cryptocurrency Mining To Electric Utility Offerings

Rhea-AI Summary

WaterPure International (OTC Pink: WPUR) is launching a sustainable cryptocurrency mining initiative to enhance its electric utility offerings. The company has updated its clean water operations and is testing new water delivery technologies for economic markets. WPUR aims to develop high-tech solutions in the EV charging sector and has identified opportunities in East Africa's low bitcoin hash rate due to high energy costs. Forecasting a recurring revenue model, WPUR expects to expand revenues in 2022 within electric utilities, EV charging, and cryptocurrency sectors, collectively valued over $100 billion.

Positive

• Introduction of sustainable cryptocurrency mining initiative aligning with environmental trends.
• Expansion into high-demand electric utility sector, particularly in EV charging.
• Forecasted recurring revenue model expected to drive growth in 2022.
• Identification of opportunities in East Africa's cryptocurrency market with low hash rates.

Negative

• The company's success relies heavily on uncertain future market conditions.
• High operational costs in East Africa could impede profitability.
• Risks associated with competition and market volatility in cryptocurrency sector.

Dallas, Texas, Nov. 22, 2021 (GLOBE NEWSWIRE) -- WaterPure International, Inc. (OTC Pink: WPUR) today announced the company will introduce a sustainable cryptocurrency mining initiative to its portfolio of electric utility offerings.

WPUR recently updated its decade old clean water operations and begun to trial new water delivery efficiencies and technologies in developing economic markets to be subsequently scaled for all global markets.

WPUR also recently announced its expansion into the electric utilities sector with a focus on bringing high-tech solutions to the EV charging sector. 

Now WPUR will add sustainable cryptocurrency mining solutions to its electric utilities focus.

The environmental impact of cryptocurrency mining is becoming more apparent.  Elon Musk, CEO of Tesla and SpaceX was recently quoted in Cointelegraph:

“Cryptocurrency is a good idea on many levels, and we believe it has a promising future, but this cannot come at great cost to the environment.”

Leafscore reported, “There’s been a lot of attention on Bitcoin’s shocking environmental impact in recent months, and while efforts are being made to minimize the carbon footprint of the cryptocurrency, some investors are jumping ship in favor of greener options.” 

WPUR will expand its focus in East Africa by adding the sustainable cryptocurrency mining offering.  Africa currently has one of the smallest bitcoin hash rates.  This is due largely to the high cost of electricity and equipment.  This low hash rate is an opportunity.

Instead of replacing existing energy production and computing equipment solutions with more efficient and sustainable solutions, WPUR has the opportunity to launch fresh, clean, green mining operations.

WPUR is forecasting a recurring revenue model to begin generating and rapidly expanding revenue next year in 2022 by providing services in the electric utilities sector with an emphasis on the electric vehicle (EV) charging and sustainable cryptocurrency mining subsectors, and the water technology sector with combined market values over $100 billion.

WPUR plans to trial, refine, and scale solutions for the water tech, EV charging and sustainable cryptocurrency mining markets to take global.

To learn more, visit https://www.wpurinc.com/.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Contact:
Sean Mathis
info@wpurinc.com
972-918-5256

FAQ

What is the new initiative launched by WaterPure International (WPUR)?

WaterPure International is introducing a sustainable cryptocurrency mining initiative as part of its electric utility offerings.

How will WPUR expand its business operations in 2022?

WPUR plans to expand its revenue by providing services in electric utilities, EV charging, and sustainable cryptocurrency mining.

What market opportunity is WPUR targeting in East Africa?

WPUR is targeting East Africa's low bitcoin hash rate, which is largely due to high electricity costs.

What is the projected market value of WPUR's combined sectors?

The combined market value of WPUR's sectors, including electric utilities, EV charging, and cryptocurrency mining, exceeds $100 billion.