NetworkNewsBreaks – Zenergy Brands Inc. (ZNGY) C
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Posted On: 03/21/2019 4:24:14 PM
NetworkNewsBreaks – Zenergy Brands Inc. (ZNGY) Completes Zero Cost Installations for U.S.-Based Crypto Mining Operation
Next-generation energy utility company Zenergy Brands (OTC: ZNGY) today announced its completion of installation obligations for two Zero Cost Customer Agreements with BitPlus, LTD., a U.S.-based cryptocurrency mining operation. Zenergy announced execution of its first Zero Cost Agreement with BitPlus on July 12, 2018, and the companies entered into two additional Zero Cost Agreements in November of 2018. In today’s update, Zenergy confirmed that two of three contracts are now installed and operational, while it is planning installation of the third facility in the second quarter of this year. Each of the Zero Cost Agreements is responsible for producing a steady 10 million annual kilowatt-hours to support each of BitPlus’s mobile mining units, and each agreement represents a contracted 48-month revenue stream. “Ever since I first learned of BitPlus’s unique mobile-mining approach, I have been fascinated with this project,” Zenergy CEO Alex Rodriguez said in the news release. “We are excited and thankful for being named as their energy solutions provider.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Next-generation energy utility company Zenergy Brands (OTC: ZNGY) today announced its completion of installation obligations for two Zero Cost Customer Agreements with BitPlus, LTD., a U.S.-based cryptocurrency mining operation. Zenergy announced execution of its first Zero Cost Agreement with BitPlus on July 12, 2018, and the companies entered into two additional Zero Cost Agreements in November of 2018. In today’s update, Zenergy confirmed that two of three contracts are now installed and operational, while it is planning installation of the third facility in the second quarter of this year. Each of the Zero Cost Agreements is responsible for producing a steady 10 million annual kilowatt-hours to support each of BitPlus’s mobile mining units, and each agreement represents a contracted 48-month revenue stream. “Ever since I first learned of BitPlus’s unique mobile-mining approach, I have been fascinated with this project,” Zenergy CEO Alex Rodriguez said in the news release. “We are excited and thankful for being named as their energy solutions provider.”
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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