Block One Capital Inc. Announces Mining Operation is Live in Montana, USA
14 Mars 2018 - 8:05AM
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION
TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED
STATES
Block One Capital Inc. (TSXV:BLOK) (OTCQB:BKPPF) (Frankfurt:ES3)
(the “
Company” or “
Block One”),
an investment company focused on high growth opportunities in the
blockchain and digital currency mining sector, is pleased to
announce that its investee company: TG12 Ventures Inc. (“TG12”) has
commenced mining Bitcoin.
“We are pleased that TG12 has begun generating revenue and look
forward to ramping up our mining capacity over the coming months.
The audit procedures that are being implemented both remotely and
physically will allow us to effectively gauge the potential growth
of the operation moving forward,” said Mr. Sothi Thillairajah, CEO
of Block One.
Co-location at Montana, USA – 320
Megawatt CompoundAfter a comprehensive review of the
original site in Montreal selected for co-location, TG12 chose to
co-locate the mining operation in Montana. The primary factors that
led to the change were operational and cost efficiency – the
contracted cost of power in Montana will be USD $0.031 per
kwH. Furthermore, the facility in Montana has four times more
air circulation space allowing for cooler room temperatures,
thereby improving the miner’s overall efficiency and allowing for
significant future scalability.
TG12 was able to have the shipment of the miners
rerouted to the Montana location ensuring that a setback in
commencing mining of Bitcoin did not occur.
For more information on Block One, and to view
pictures of TG12’s mining facility, please visit the Company’s
website at: www.blockonecap.com.
ON BEHALF OF THE BOARD
“David Berg”Director
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS
RELEASE.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc.
Office: 760-989-2202; email:
info@blockonecap.com
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