NetworkNewsBreaks – ChineseInvestors.com, Inc. (
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Posted On: 03/19/2018 4:50:28 PM
NetworkNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Explores Potential Cryptocurrency Mining Investments
Market analysis company ChineseInvestors.com (OTCQB: CIIX) this morning said that it is exploring investments into cryptocurrency mining in connection with its recent purchase of application specific integrated circuit (“ASIC”) machines used to mine SHA-256 or scrypt mining algorithms to earn cryptocurrencies such as Bitcoin and Litecoin. The company’s initial trial comprised of the purchase of 20 BitMain L3+ Antminers and 7 BitMain S9 AntMiners that were installed inside a secured datacenter near Seattle. The company believes that this will be a successful venture based on initial reports from the trial and anticipates the possibility of considering additional investments in graphical processing units, the addition of 500 or more ASIC units and other equipment suitable for blockchain mining. “The company endeavors to be on the cutting edge of blockchain technology and to stay ahead of the curve in an effort to continue to build shareholder value and increase revenues this year,” ChineseInvestors.com CEO Warren Wang stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Market analysis company ChineseInvestors.com (OTCQB: CIIX) this morning said that it is exploring investments into cryptocurrency mining in connection with its recent purchase of application specific integrated circuit (“ASIC”) machines used to mine SHA-256 or scrypt mining algorithms to earn cryptocurrencies such as Bitcoin and Litecoin. The company’s initial trial comprised of the purchase of 20 BitMain L3+ Antminers and 7 BitMain S9 AntMiners that were installed inside a secured datacenter near Seattle. The company believes that this will be a successful venture based on initial reports from the trial and anticipates the possibility of considering additional investments in graphical processing units, the addition of 500 or more ASIC units and other equipment suitable for blockchain mining. “The company endeavors to be on the cutting edge of blockchain technology and to stay ahead of the curve in an effort to continue to build shareholder value and increase revenues this year,” ChineseInvestors.com CEO Warren Wang stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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