$VTXB Vortex Brands Publishes October 2021 Results
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Posted On: 11/08/2021 2:01:24 PM
$VTXB Vortex Brands Publishes October 2021 Results and Benefits from "HODL"
https://www.prnewswire.com/news-releases/vort...18750.html
DENVER, Nov. 8, 2021 /PRNewswire/ -- Vortex Brands Co. (OTC: VTXB) announces results of the first full month of mining operations for October 2021, mining a total of 0.23905427 BTC averaging 0.007711428 BTC per day. The only outflows of BTC in October were mining related expenses such as electricity, and the Company netted 0.18443169 BTC after expenses for the month.
Vortex Brands is committed holding BTC long-term as a balance sheet enhancement providing additional shareholder value. October's results are a perfect example of the value generated from simply holding BTC since the value of BTC mined for the month appreciated relative to USD by $641.59—the equivalent of an additional 1.38 days of mining activity.
The Company commenced mining on September 21, 2021 and is currently operating 1,400 terahash (TH/s) of mining capacity, with an additional 300 TH/s planned to come online in the next few months as previously announced. At current production levels we anticipate 3rd Quarter results to include mining over 0.50 BTC and gross revenues of more than $34,000 at current value levels.
Shareholders are encouraged to follow our progress and verify our results by viewing our corporate Bitcoin wallet address at:
https://www.blockchain.com/btc/address/38xnQP...d2bwigvwCp
https://www.prnewswire.com/news-releases/vort...18750.html
DENVER, Nov. 8, 2021 /PRNewswire/ -- Vortex Brands Co. (OTC: VTXB) announces results of the first full month of mining operations for October 2021, mining a total of 0.23905427 BTC averaging 0.007711428 BTC per day. The only outflows of BTC in October were mining related expenses such as electricity, and the Company netted 0.18443169 BTC after expenses for the month.
Vortex Brands is committed holding BTC long-term as a balance sheet enhancement providing additional shareholder value. October's results are a perfect example of the value generated from simply holding BTC since the value of BTC mined for the month appreciated relative to USD by $641.59—the equivalent of an additional 1.38 days of mining activity.
The Company commenced mining on September 21, 2021 and is currently operating 1,400 terahash (TH/s) of mining capacity, with an additional 300 TH/s planned to come online in the next few months as previously announced. At current production levels we anticipate 3rd Quarter results to include mining over 0.50 BTC and gross revenues of more than $34,000 at current value levels.
Shareholders are encouraged to follow our progress and verify our results by viewing our corporate Bitcoin wallet address at:
https://www.blockchain.com/btc/address/38xnQP...d2bwigvwCp
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