$HSSHF Reverse Takeover News! Blockchain player lo
Post# of 103076
HASHCHAIN TECHNOLOGY INC. ANNOUNCES PROPOSED REVERSE TAKEOVER TRANSACTION WITH DIGIHOST INTERNATIONAL, INC.
Vancouver, BC – March 28, 2019 –HashChain Technology Inc. (“HashChain” or the “Company”) (TSXV: KASH; OTCQB: HSSHF) is pleased to announce that it has entered into an agreement dated March 28, 2019 (the “Definitive Agreement”) with shareholders of Digihost International, Inc. (“Digihost”) whereby the business and assets of HashChain and Digihost will be combined by way of a share exchange between HashChain and shareholders of Digihost, constituting a “reverse-takeover” of HashChain by Digihost under the policies of the TSX Venture Exchange (the “Proposed Transaction”). Upon completion of the Proposed Transaction, the issuer resulting from the Proposed Transaction (the “Resulting Issuer”) will carry on the business previously carried on by HashChain. It is anticipated that upon completion of the Proposed Transaction, the Resulting Issuer will be listed as Tier 2 Technology Issuer under the policies of the TSX Venture Exchange (the “TSXV” or the “Exchange”).
General
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Info:
HashChain is a Blockchain mining company, and the first publicly traded (TSXV:KASH) Canadian cryptocurrency mining company to file a final prospectus supporting highly scalable and flexible mining operations across all major cryptocurrencies. HashChain taps low-cost North American power, cool climate and high-speed Internet: the trifecta most critical to mining success, to create a competitive position for maximizing the number of mining "wins". HashChain currently operates 8,395 Bitcoin rigs and has in inventory an additional 3,500 Rigs. Once all Rigs are operational HashChain will be consuming approximately 17 megawatts of power. HashChain is based in Vancouver, British Columbia. HashChain Mining is a wholly owned subsidiary of HashChain Technology Inc. based out of Albany, New York.