Hashchain Tech

Hashchain to spin off Node40 business 2018-07-03 13:15 ET - News Release Mr. Patrick Gray reports HASHCHAIN TECHNOLOGY ANNOUNCES INTENT TO SPIN OFF NODE40, ITS BLOCKCHAIN TECHNOLOGY BUSINESS INTO A STAND-ALONE PUBLIC COMPANY Hashchain Technology Inc.'s board of directors has unanimously approved a plan to separate the company into two independent publicly traded companies: one business focused on cryptocurrency mining (Hashchain) and the other on cryptocurrency accounting and tax compliance software, including other disruptive blockchain technology solutions (Node40). Creating two stand-alone businesses will allow each entity to maximize its respective growth opportunities and drive long-term shareholder value. Highlights: Spinoff of Node40 expected to be completed no later than the fourth quarter of 2018; Hashchain technology will continue as the cryptocurrency mining business; Node40 will become an exclusive blockchain technology company; Shareholders on record will be distributed on a pro rata basis one Node40 share for every one Hashchain share held. "Cryptocurrency mining and the blockchain technology space are evolving at an accelerated pace in their own distinct directions," said Patrick Gray, chief executive officer and president of Hashchain. "With each business today facing unique market opportunities and challenges, it has become clear that winning in both requires separate strategies, focused investments and dedicated leadership." The separation will allow each company to focus on unique growth opportunities, better direct capital allocation priorities, and rapidly pursue independent strategic and corporate development agendas. Node40's ambition is to be the leading supplier of cryptocurrency accounting and tax compliance solutions. Its flagship product, Balance, along with its suite of proprietary accounting tools, was built to live in the evolving landscape of cryptocurrency regulation and government oversight. Balance is a best-in-class blockchain product that provides a high-value and user-friendly experience for its customers. In parallel, Node40 intends to continue as the leading masternode service-hosting provider for the Dash network and to pursue additional alternative-coin masternode hosting where financially accretive. Through to completion of the spinoff and beyond, Node40 will continue to aggressively build enterprise-grade functionality in Balance and collaborate with leading strategic partners to scale rapidly. George E. Kveton, chief commercial officer and responsible for the blockchain technology business, will become president and chief executive officer of Node40 upon completion of the transaction. Mr. Kveton has over 20 years experience as an international corporate development executive. "Mr. Kveton's proven track record with fast-moving consumer goods, emerging markets, start-ups and regulated industries ideally places him to steward innovation and lead profitable growth at Node40. The board and I are confident he is the right choice at the right time," said Mr. Gray. The transaction is intended to take the form of a tax-free distribution to Hashchain shareholders. The expected stock distribution ratio will be confirmed at a future date. Hashchain expects to complete the spinoff some time in the fourth quarter 2018. Completion of the transaction is subject to certain customary conditions, including stock exchange, court and shareholder approvals. About Hashchain Technology Inc. Hashchain is a blockchain company and the first publicly traded 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 100 Dash mining rigs and 3,395 Bitcoin rigs, with an additional 6,000 to be deployed upon successful completion of its recently announced acquisitions. We seek Safe Harbor. 2018 Canjex Publishing Ltd. All rights reserved.

HashChain Technology -- größtes DASH Mining Unternehmen | wallstreet-online.de - Vollständige Diskussion unter:
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Hashchain receives 6,000 rigs at data centre



2018-07-05 09:31 ET - News Release



Mr. Larry Heinzlmeir reports

HASHCHAIN TECHNOLOGY RECEIVES SHIPMENT OF 6,000 CRYPTOCURRENCY MINING RIGS. FIRST 1,000 RIGS HAVE BEEN DEPLOYED

Hashchain Technology Inc. has received 6,000 rigs at its data centre, of which the first 1,000 rigs have been deployed bringing the total number of deployed rigs to 4,495; the remaining 5,000 rigs are anticipated to be fully operational by end of July, 2018. Upon deployment of the remaining 5,000 Rigs, the Company will have a total of 9,495 Rigs deployed for 14 Megawatts of computing power.

"Our ability to scale the Company's mining operations at such a rapid pace positions us for potential revenue growth for the remainder of 2018 and beyond," says Patrick Gray, CEO and founder of HashChain. "We anticipate deploying the remaining 5,000 Rigs in July, nearly doubling the current number of Rigs in operation in just one month. The recent strategic decision to focus HashChain solely on cryptocurrency mining by spinning off our blockchain technology business gives us the flexibility to allocate more time and resources to securing additional Rigs and penetrating even deeper into the market."

With the previously deployed 3,495 Rigs, the Company has amassed 61.03 Bitcoin and 20.03 Dash over the 25-day period between June 9 and July 3, 2018. Based on coinmarketcap.com prices for both digital currencies on July 3, 2018 (CAD $8,153, CAD $311 for Bitcoin and Dash respectively), HashChain accumulated a value of CAD $497,578 from Bitcoin and CAD $6,229 from Dash.

HashChain notes there are material costs associated with cryptocurrency mining and it will need to complete its next quarterly financial statements to have complete details. The Company will report full costs associated with its cryptocurrency mining operations in its financial statements. At this time, the Company has not converted the Bitcoin and Dash into fiat currency.

Den Info's entnehme ich, dass Digihost seit einiger Zeit stark aufrüstet um
ihre Effizienz weiterhin zu steigern.

Danke für die Miiteilung, dass Digihost dabei ist, bereits in den kommenden Wochen schon
ihre Anlagen mit Antminer S19 Pro- Minern aufzurüsten.

Habe mich schlau gemacht.
Antminer S19 Pro- Miner sind aktuell die effizientesten Minern,
die Leistungsdaten:
Je Einheit 110 TH/s resp.  3.3 kW (34 W/TH).

Damit wird Digihost in den nächsten Wochen zusätzliche 15,4 Petahash
zur bestehenden BTC- Hashrate von  208 Petahash/s. hinzufügen.

Mit der momentanen Hashrate von 208 PH/s und der aktuellen BTC-Netzwerkhashrate
dürften sie meiner Modellberechnung zurfolge täglich ca. 1,4 Bitcoin geminen.

Weißt Du, ob für die Berechnung der Einnahmen für das Bitcoin-Mining
resp. für die Finanzzahlen die Stichtagsregelung gilt oder der Mining-Tageswert herangezogen wird?

Dass die Gesellschaft angekündigt hat, über den Markt 2 Millionen Aktien zurückzukaufen und zu löschen, weil sie mit der Kursentwicklung absolut nicht zufrieden sind, ist natürlich ein erfreuliches Zusatz-Bonbon!

www.stockwatch.com/News/Item/?bid=Z-C:DGHI-3001954