SAN JOSE, CA, March 30, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – BitFrontier Capital Holdings Inc (OTCMKTS: BFCH), a leading provider of crypto mining hardware and hosting centers, announces the release of Quarterly Report for Q1 of 2023.
Looking back on the 1st quarter of 2023, we at BFCH have already accomplished many of the goals we have set for ourselves on our multi-pronged path to profitability.
In this past quarter we acquired ASIC Miners US. Selling mining equipment is one of our sources of revenue. We now have that asset, knowhow and all the valuable relationships we've established along the way, we are well on our way. Still it has been a very good quarter for us and we hope to release the final numbers in the upcoming days. We have recently hired a new Sales Director to help bring in additional revenue starting in Q2.
We signed a cooperative agreement with C&G management to create hosting centers for miners on their land. Hosting centers are our second revenue stream. C&G's expertise in generating power from their natural gas business is going to give us control over the price of power. Together we have already broken ground on our first location in Louisiana and plan to continue working together at other locations they already own. Since the Louisiana site is ready to go, we are relocating our liquid immersion mining equipment that was staged in North Carolina to Louisiana. We already have 1000 mining bays and have just produced our first web commercial to help fill them. Currently at this location we have started to bring in revenues without our marketing taking place at the time of this article, we have over $100,000 a year in revenue coming from hosting, with a handful of potentially huge opportunities to bring in more hosting. Once we sell out of all slots we estimate that our earning will be over $275,000 per month in revenue. We estimate that it will take us close to 60-90 days to fill up the remaining slots. We are filling around 40-50 slots per week with several larger customers wanting over 100 slots per customer. We feel that this estimate is realistic based on the current information available.
Our third, is opportunistically mining ourselves. While Crypto-mining can be very lucrative, we are not going to put all of our eggs in one basket. We feel that mining ourselves will keep us present in the market so that we can continue to act as a resource of information to our customers whether they be purchasing ASIC miners or hosting them at our facility. We will always use mining as an additional source of income as it's a great way to speculate and bring in potentially huge rewards.
Also, BFCH has Telesis IT which will also contribute to our bottom line. Telesis IT is a technology solutions provider offering a comprehensive range of services to help small businesses achieve their goals. With over 30 years of enterprise networking experience, Telesis IT is ideally suited to help BFCH configure our mining containers, site security cameras and any IT challenges that pop-up along the way. And since Telesis IT has personnel located across the country, they are going to act as our first line of support, should we require assistance on site. Telesis IT might be the perfect partner to help you with your small business and enterprise IT solutions.
Lastly, in this past quarter, I have assumed the role of CEO. While I have a solid plan and lots of energy, I know that I can't do it alone. In the first quarter of this year, I have been building our team with some of the best talent in the industry. Tom Corker, who has taken 4 companies public plus sold another company right before IPO, has accepted the position of Chairman and we are already reaping the benefits of his many years of experience. Tom Elison, our Chief Technical Officer, has also joined and is back helping us since late February and was pivotal in getting Louisiana set up and running. Also, a good friend of Keith has joined us in Asia as our Chief Supply Officer. He is going to act as a liaison to all of the ASIC manufacturers and give us valuable visibility to our supply chain. We have hired marketing people, like Sam Clark & Matthew Tudor, web experts and none of us are currently pulling a salary. We all believe in what we are doing and agreed to work for equity - Now that's commitment.
Unlike a young startup looking to go public, we are already public and we are well on our way. Join us and grab a piece of this company as we build our way to profitability. Recap Video from our CEO
About BitFrontier Capital Holdings, Inc.
BitFrontier Capital Holdings, Inc. is a leading provider of Crypto Mining Hardware and Hosting Centers. Consisting of ASIC Miners US, Inc. and Liquid Immersion Worldwide, Inc., BitFrontier is a one stop shop for purchasing the very latest mining equipment and strategically located hosting centers throughout the US.
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Contact- PR@bfchco.com
Forward-Looking Statements.
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's respective filings at .
加利福尼亞州聖約瑟,2023年3月30日(Global Newswire)--通過領先的加密挖掘硬體和託管中心提供商NewMediaWire-BitFrontier Capital Holdings Inc(OTCMKTS:BFCH)宣佈發佈2023年第一季度季度報告。
回顧2023年第一季度,我們BFCH已經實現了我們在多管齊下的盈利道路上為自己設定的許多目標。
在過去的這個季度,我們收購了ASIC Miners US。銷售採礦設備是我們的收入來源之一。我們現在擁有了這項資產、技術訣竅以及我們一路建立的所有有價值的關係,我們正在順利地前進。儘管如此,這對我們來說是一個非常好的季度,我們希望在接下來的幾天裡公佈最終的數據。我們最近聘請了一位新的銷售總監,以幫助從第二季度開始帶來額外的收入。
我們與C&G管理層簽署了一項合作協定,為礦工在他們的土地上建立託管中心。託管中心是我們的第二個收入來源。C&G在天然氣發電業務方面的專業知識將使我們能夠控制電價。我們一起已經在路易西安那州的第一個地點破土動工,並計劃繼續在他們已經擁有的其他地點合作。由於路易西安那州的場地已經準備就緒,我們正在將我們在北卡羅來納州安裝的液體浸沒採礦設備搬遷到路易西安那州。我們已經有1000個採礦海灣,剛剛製作了我們的第一個網路廣告來幫助填補它們。目前我們在這個地點已經開始帶來收入,在本文撰寫時,我們的營銷還沒有進行,我們每年有超過10萬美元的收入來自託管,還有幾個潛在的巨大機會來帶來更多的託管。一旦我們賣完了所有的老虎機,我們估計我們每月的收入將超過275,000美元。我們估計,我們將需要近60-90天的時間來填補剩餘的空缺。我們每週填補大約40-50個空位,幾個較大的客戶想要每個客戶超過100個空位。我們認為,根據現有資訊,這一估計是現實的。
我們的第三個,是機會主義地挖掘我們自己。雖然加密挖掘可能非常有利可圖,但我們不會把所有的雞蛋都放在一個籃子裡。我們認為,我們自己的採礦將使我們保持在市場上,這樣我們就可以繼續作為我們客戶的資訊來源,無論他們是購買ASIC礦工還是將他們託管在我們的設施中。我們將一直將採礦作為一種額外的收入來源,因為這是一種很好的投機方式,並帶來潛在的巨額回報。
此外,BFCH擁有Telesis IT,這也將為我們的利潤做出貢獻。Telesis IT是一家技術解決方案提供商,提供全面的服務來幫助小型企業實現其目標。憑藉30多年的企業網路經驗,Telesis IT非常適合幫助BFCH配置我們的採礦集裝箱、現場安全攝像頭以及在此過程中出現的任何IT挑戰。由於Telesis IT在全國各地都有人員,如果我們在現場需要幫助,他們將充當我們的第一線支援人員。Telesis IT可能是幫助您的小型企業和企業IT解決方案的完美合作夥伴。
最後,在過去的這個季度,我承擔了首席執行官的角色。雖然我有一個堅實的計劃和大量的精力,但我知道我不能獨自完成這項工作。今年第一季度,我一直在用業內一些最優秀的人才來打造我們的團隊。湯姆·科克已經讓四家公司上市,並在IPO前夕出售了另一家公司,他已經接受了董事長的職位,我們已經從他多年的經驗中收穫了好處。我們的首席技術官Tom Elison也加入了我們,並自2月底以來一直在幫助我們,他在路易西安那州的建立和運營中發揮了關鍵作用。此外,基思的一位好朋友已經加入我們的亞洲,擔任我們的首席供應官。他將作為所有ASIC製造商的聯絡人,讓我們瞭解我們的供應鏈。我們已經聘請了像薩姆·克拉克和馬修·圖多爾這樣的營銷人員,他們是網路專家,目前我們中沒有人拿工資。我們都相信自己正在做的事情,並同意為公平而工作--這就是承諾。
與尋求上市的年輕初創公司不同,我們已經上市了,我們正在順利地前進。加入我們,在我們建立盈利之路的過程中,從這家公司分一杯羹。我們首席執行官的視頻摘要
關於BitFrontier Capital控股公司
BitFrontier Capital Holdings,Inc.是加密挖掘硬體和託管中心的領先提供商。BitFrontier由ASIC Miners US,Inc.和Liquid Immersion Worldwide,Inc.組成,是在美國各地購買最新採礦設備和戰略位置的託管中心的一站式商店。
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前瞻性陳述。
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