LEAS is on CRACK!!!
Strategic Asset Leasing Inc. Enters Into LOI
10:10 am ET September 17, 2020 (Accesswire) Print
CHEYENNE, WY / ACCESSWIRE / September 17, 2020 / Strategic Asset Leasing Inc. (OTC PINK:LEAS), the Company, is pleased to announce a Letter of Intent (LOI) to acquire a cryptocurrency mining data center.
Under the terms of the Agreement, the Company will acquire the building, infrastructure, and all mining hardware. The New Jersey based facility is Telecom Industry (ANSI/TIA-942) rated level 2, which exceeds the project's demands and offers robust protection from physical events. There is currently an extensive amount of mining hardware, including GPU and ASIC systems, which the company intends to expand on over time. The systems are set up to mine Bitcoin, Litecoin and Ethereum.
The Company expects to close the transaction before October. The transaction consists of a combination of cash and restricted shares and may result in a board membership of the center's current principle. Once finalized, more extensive details will be announced.
Stated CEO, Jason Tucker: "I'm very pleased to have entered into this Agreement. With a few upgrades to the existing systems, I believe the mining farm can be an extensive passive income revenue generator well into the future, while the facility itself can also meet a number additional functions and demands. We'll definitely be showing this place off to investors once we close."