$CLYXF Calyx Bio-Ventures Inc. Could be a simil
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Posted On: 12/05/2017 10:28:29 AM
$CLYXF Calyx Bio-Ventures Inc.
Could be a similar play to INTV, they have started blockchain mining operations and are looking to expand. They have already invested in 50 mining units and have invested 250,000$ into expanding operations
"This array of units is currently mining BTC, ETH, Decred, Lbry, Zcash, and Pascal, and will expand to cover any other cryptocurrency that may be profitable in the near term."
""The acquisition brings 50 high performance mining units, each with 7 GPUs, under CBH's ownership (with rights to acquire another 40 units immediately), which allows for quick expansion and buildout without waiting for new hardware from suppliers. The flexibility of GPU mining versus Asic based mining allows CBH to participate in mining pools which maximizes profitability regardless of the cryptocurrency being mined. All mining proceeds will be paid out in either BTC or ETH depending on profitability at the time.
In addition, the transaction gives CBH access to a second data centre location from which to operate and expand, which is occupied on attractive terms, including advantageous access to and pricing for power and cooling.
The next phase of the Company's cryptocurrency strategy is being built out in its new office headquarters, where the Company is installing 1000 square foot data centre space to accommodate approximately 100 13-GPU mining units, with a view to expanding that to a 7,500 square feet upon completion of negotiations with facility owners.
In consideration for the assets acquired and facility space, Calyx has paid $250,000.
“This is another significant step in the execution of the Company’s strategic plan originally announced in October to integrate next generation blockchain features and services into our commercial platforms,” commented Roger Forde, President & Chief Executive Officer of the Company. “This first phase provides us with a testing ground to streamline our blockchain technology currently being developed for the cannabis e-commerce space, and will generate revenue today that will cover our underlying costs on a month-to-month basis. The Company has sufficient cash in hand to accelerate that plan to the next phase and growth beyond that will be based on opportunities that present themselves.”"
https://finance.yahoo.com/news/calyx-commence...00570.html
Could be a similar play to INTV, they have started blockchain mining operations and are looking to expand. They have already invested in 50 mining units and have invested 250,000$ into expanding operations
"This array of units is currently mining BTC, ETH, Decred, Lbry, Zcash, and Pascal, and will expand to cover any other cryptocurrency that may be profitable in the near term."
""The acquisition brings 50 high performance mining units, each with 7 GPUs, under CBH's ownership (with rights to acquire another 40 units immediately), which allows for quick expansion and buildout without waiting for new hardware from suppliers. The flexibility of GPU mining versus Asic based mining allows CBH to participate in mining pools which maximizes profitability regardless of the cryptocurrency being mined. All mining proceeds will be paid out in either BTC or ETH depending on profitability at the time.
In addition, the transaction gives CBH access to a second data centre location from which to operate and expand, which is occupied on attractive terms, including advantageous access to and pricing for power and cooling.
The next phase of the Company's cryptocurrency strategy is being built out in its new office headquarters, where the Company is installing 1000 square foot data centre space to accommodate approximately 100 13-GPU mining units, with a view to expanding that to a 7,500 square feet upon completion of negotiations with facility owners.
In consideration for the assets acquired and facility space, Calyx has paid $250,000.
“This is another significant step in the execution of the Company’s strategic plan originally announced in October to integrate next generation blockchain features and services into our commercial platforms,” commented Roger Forde, President & Chief Executive Officer of the Company. “This first phase provides us with a testing ground to streamline our blockchain technology currently being developed for the cannabis e-commerce space, and will generate revenue today that will cover our underlying costs on a month-to-month basis. The Company has sufficient cash in hand to accelerate that plan to the next phase and growth beyond that will be based on opportunities that present themselves.”"
https://finance.yahoo.com/news/calyx-commence...00570.html
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