Los Angeles CA – May 5, 2021 (Investorideas.com Newswire) CurrencyWorks Inc. (“CurrencyWorks” or the “Company”), (CSE: CWRK and OTCQB: CWRK) a monetary know-how blockchain pioneer, NFT, digital forex, and cost platform supplier, at this time is happy to announce the initiative and development of its zero-cost power crypto mining platform.
CurrencyWorks has designed and is implementing its Zer00™ crypto mining platform as a proprietary multi-step built-in platform using a thermal therapy (not burning) of waste to generate power which is able to energy CurrencyWorks’ Zer00™ crypto mining platform, www.currencyworks.io/zer00. Under an unique association with Fogdog Energy Solutions Inc. (“Fogdog”) which features a US$400,000 mortgage to Fogdog for use to assemble and implement the electrical energy energy technology thermal unit powered by MSW (municipal strong water) to be equipped by a municipality in Canada.
The preliminary scalable unit will course of MSW and generate sufficient energy to run as much as 200 cryptocurrency mining machines. The power generated is environmentally pleasant, and the system shall be self-sustainable. Additionally, this know-how reduces MSW and different waste at present filling landfills, a prevalent reason for greenhouse gasoline emissions (GHG) containing methane that’s extra dangerous than CO2. The Company intends on buying as much as an preliminary 200 cryptocurrency mining machines for its Zer00™ crypto mining platform.
According to latest analysis by Facts & Factors, the worldwide Cryptocurrency Market was estimated at USD $792.53 Million in 2019 and should attain USD $5,190.62 Million by 2026. The international Cryptocurrency Market anticipates rising at a compound annual progress price (CAGR) of 30% from 2019 to 2026.
Today, traders need to perceive the place their Bitcoin was mined, when it was mined, and the coin’s provenance, making clear power mining extra important now greater than ever earlier than.
“Crypto mining might be extremely worthwhile if you happen to can get rid of or decrease the power prices within the mining course of, whereas on the similar time by means of these insurance policies and greatest practices cut back the necessity for landfills and GHG, offering cleaner air and water, conservation of native biodiversity, sustainable power improvement and inexperienced jobs,” mentioned Cameron Chell, Chairman of CurrencyWorks. “CurrencyWorks Zer00™ Crypto operations will assist to develop a sustainable manner of minimizing MSW and utilizing that power to mine for crypto.”
Learn extra about CurrencyWorks’ Zero-Cost Energy Crypto Mining Platform: http://www.currencyworks.io/zer00
About CurrencyWorks
CurrencyWorks Inc. (CSE: CWRK and OTCQB: CWRK) is a publicly traded firm that builds and operates FinTech Platforms for Digital Currencies, Digital Assets, and Security Tokens.
For extra info on CurrencyWorks, please go to us at www.currencyworks.io. For further investor data go to www.currencyworks.io or www.sedar.com and www.sec.gov looking CWRK.
Media Contact
Arian Hopkins
[email protected]
Company Contact
Bruce Elliott, President
Phone: 424-570-9446
[email protected]
Disclaimer for Forward-Looking Statements
This information launch accommodates “forward-looking statements.” Statements on this information launch that aren’t purely historic are forward-looking statements and embrace any statements concerning beliefs, plans, expectations or intentions concerning the long run. Such forward-looking statements embrace, amongst different issues: that the Company will develop a Zer00™ crypto mining platform; that Fogdog will assemble and implement the electrical energy energy generator thermal unit; that the thermal unit will produce 200MW of energy per day; that the Company will buy as much as 200 cryptocurrency mining machines; and that the Company’s Zer00™ crypto operations shall be developed and turn into operational.
The materials assumptions supporting these forward-looking statements embrace, amongst others, that there shall be no materials variations in present regulatory environments through which the Company operates; the perceived advantages from the Company’s blockchain options shall be as anticipated; and the Company will be capable to receive any obligatory financing on acceptable phrases. Although administration considers these assumptions to be affordable primarily based on info at present obtainable to it, they might show to be incorrect. These forward-looking statements are solely predictions and contain recognized and unknown dangers, uncertainties and different elements, together with: the chance that Fogdog is not going to achieve success in creating its thermal energy technology will or that such unit shall be commercially obtainable; the chance that the Company will be unable to buy 200 cryptocurrency mining machines in any respect or at affordable costs; the chance that the Company shall be unable to effectively construct the blockchain options; the chance that there could also be damaging modifications on the whole financial and enterprise circumstances; the chance that the Company could have damaging working money movement and never sufficient capital to finish the blockchain options; the chance that the Company could not be capable to receive further financing as obligatory; the chance that there could also be will increase in capital and working prices on account of engaged on the blockchain options; the chance that the blockchain options could also be topic to fraud and different failures; the chance that there could also be technological modifications and developments within the blockchain that make the blockchain options out of date; dangers referring to regulatory modifications or actions which can impede the event or operation of the blockchain options; the chance that different rivals could launch comparable blockchain options; and different normal dangers concerned within the blockchain options.
Any of those dangers could trigger the Company’s precise outcomes, ranges of exercise, efficiency or achievements to be materially completely different from any future outcomes, ranges of exercise, efficiency or achievements expressed or implied by these forward-looking statements. Further, though the Company has tried to establish elements that might trigger precise outcomes, ranges of exercise, efficiency or achievements to vary materially from these described in forward-looking statements, there could also be different elements that trigger outcomes, ranges of exercise, efficiency or achievements to not be as anticipated, estimated or meant. These forward-looking statements are made as of the date of this information launch, and the Company assumes no obligation to replace the forward-looking statements, or to replace the explanation why precise outcomes may differ from these projected within the forward-looking statements, besides as required by relevant legislation, together with the securities legal guidelines of the United States and Canada. Although the Company believes that any beliefs, plans, expectations and intentions contained on this information launch are affordable, there might be no assurance that any such beliefs, plans, expectations or intentions will show to be correct. The Company doesn’t assume any legal responsibility for disclosure referring to some other firm talked about herein.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the TSX Venture Exchange) accepts duty for the adequacy or accuracy of this launch.
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