$VTXB Vortex Brands Bitcoin Mining Supports Launch of Electricity Recycling Industry
https://www.prnewswire.com/news-releases/vort...29713.html
DENVER, Nov. 22, 2021 /PRNewswire/ -- Vortex Brands Co. (OTC: VTXB) has been mining bitcoin for 60 days and is quickly approaching 0.50 BTC mined to date, with 1,400 terahash currently in operation. Vortex is taking delivery in December on three Bitmain Antminer S19J Pro systems, increasing our terahash to 1,700 by January 2022. We will continue to add equipment and scale up operations until we reach our goal of 150,000 to 200,000 terahash over the next 16 to 18 months.
As we have outlined prior, Vortex Brands is executing a proven business model of bitcoin mining to create the cashflow to support the launch of the electricity recycling industry. To simplify, bitcoin mining utilizes specific computer equipment to support the monetary infrastructure of Bitcoin and receives payment with a healthy margin relative to operating expenses in return. Similarly, under our Vortex Green Energy brand we will deploy Phase Angle Synchronization (PAS) systems designed to capture (mine) wasted electricity that supports the electrical transmission and delivery infrastructure and receive a payment with a healthy margin relative to operating expenses. View a 3-minute video that explains how PAS recycles electricity and solves a key issue to support electrical infrastructure at www.vortexbrands.us
https://www.prnewswire.com/news-releases/vort...29713.html
DENVER, Nov. 22, 2021 /PRNewswire/ -- Vortex Brands Co. (OTC: VTXB) has been mining bitcoin for 60 days and is quickly approaching 0.50 BTC mined to date, with 1,400 terahash currently in operation. Vortex is taking delivery in December on three Bitmain Antminer S19J Pro systems, increasing our terahash to 1,700 by January 2022. We will continue to add equipment and scale up operations until we reach our goal of 150,000 to 200,000 terahash over the next 16 to 18 months.
As we have outlined prior, Vortex Brands is executing a proven business model of bitcoin mining to create the cashflow to support the launch of the electricity recycling industry. To simplify, bitcoin mining utilizes specific computer equipment to support the monetary infrastructure of Bitcoin and receives payment with a healthy margin relative to operating expenses in return. Similarly, under our Vortex Green Energy brand we will deploy Phase Angle Synchronization (PAS) systems designed to capture (mine) wasted electricity that supports the electrical transmission and delivery infrastructure and receive a payment with a healthy margin relative to operating expenses. View a 3-minute video that explains how PAS recycles electricity and solves a key issue to support electrical infrastructure at www.vortexbrands.us