Bullet Blockchain Enters Crypto Market With Turnkey Mining Operations With 3,500 ASIC Miners Producing 315 Petahash Consuming 12 Megawatts

With A Capex of $25M for Mining Infrastructure and Hardware, Bullet Plots Course to 2,625 Petahash Consuming 100 Megawatts Within 12 Months

CORK, REPUBLIC OF IRELAND / ACCESSWIRE / April 18, 2021 / Bullet Blockchain LTD (“Bullet” or the “Company”), a turnkey crypto mining operation centered on stability, transparency and scalability, introduced right this moment, that the corporate will formally launch its bitcoin mining operations within the 3rd QT of 2021, mining bitcoin with using 3,500 subsequent technology ASIC miners, having a hash fee capability of 315 petahash, consuming 12 megawatts of electrical energy.

Management indicated that Bullet Blockchain has invested roughly $14.5M of the capital ($25M Total Capex) that the Company secured from traders. The cash was invested into infrastructure and {hardware}, which consists of 3,500 A1246 miners and the buildout of the ‘off-grid’ website, which helps 12 megawatts of capability. Bullet has accomplished the construct of the bodily website and expects to take supply of the ASIC servers by July.

Further, administration has indicated that the preliminary 12 megawatts developed, is the primary stage of a three-part buildout of a complete 100 megawatt facility, supporting a hash fee capability of two,625 petahash. Bullet anticipates finishing the subsequent two phases of the 100 megawatt buildout inside 12 months.

While Bullet is a well-capitalized upstart within the crypto mining area – initially centered on bitcoin mining, administration believes that a big a part of its worth and viability is rooted inside the ecosystem from which the Company operates. Bullet is in a ‘turnkey’ setting, the place the Company is aligned with nicely positioned infrastructure companions. This affords Bullet the advantage of instant entry to extremely coveted {hardware} and the liberty of getting vital entry to land, buildings, gasoline, turbines, racks, safety, and many others.

Most essential, administration firmly believes that it could possibly run its bitcoin mining operations extra effectively, at far much less price than its opponents. Bullet is about effectivity, stability, transparency and scalability. Management is assured that the Company will instill confidence, and produce worth, to its present and future shareholders.

Bullet Blockchain LTD seems to be to enter the U.S. public markets and has engaged the Public Accelerator-Incubator, Digital Asset Monetary Network, Inc. (“DigitalAMN”), to help with this transition.

For extra info, please go to https://bulletblockchain.com/.

About Bullet Blockchain

Bullet Blockchain, LTD is a bitcoin mining firm headquartered within the Republic of Ireland. With a Capex of $25M, Bullet has secured partnerships that affords the Company entry to extremely coveted {hardware}, land, buildings, gasoline, turbines, racks, safety, and many others. Bullet has secured 100 megawatts of electrical energy and infrastructure capability and can deploy an preliminary {hardware} fleet of 3,500 subsequent technology ASIC miners-focused on bitcoin mining–with an preliminary hash fee capability of 315 petahash consuming 12 megawatts of electrical energy.

Bullet is assured it could possibly handle its bitcoin mining operations at a far lesser price per kilowatt than business opponents, subsequently producing bitcoin at a decrease price with better revenue. Bullet is concentrated on effectivity, stability, transparency, and scalability, and plans to swiftly scale operations inside 12 months.

For investor and basic info, please e-mail [email protected].

Forward Looking Statements

Statements on this press launch that aren’t statements of historic or present reality represent “forward-looking statements.” Such forward-looking statements contain identified and unknown dangers, uncertainties and different unknown elements that might trigger the Company’s precise working outcomes to be materially totally different from any historic outcomes or from any future outcomes expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these dangers and uncertainties, readers are urged to contemplate statements that comprise phrases equivalent to “believes,” “perception,” “expects,” “anticipate,” “intends,” “intend,” “anticipate,” “anticipates,” “plans,” “plan,” to be unsure and forward-looking.

Contact:[email protected]

SOURCE: Bullet Blockchain LTD

View supply model on accesswire.com:
https://www.accesswire.com/640967/Bullet-Blockchain-Enters-Crypto-Market-With-Turnkey-Mining-Operations-With-3500-ASIC-Miners-Producing-315-Petahash-Consuming-12-Megawatts

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