Fredericksburg, VA, June 20, 2018 (GLOBE NEWSWIRE) -- BitFrontier Capital Holdings, Inc. (OTC PINK: BFCH) is pleased to announce its Regulation A Offering has been qualified with the SEC. With the qualification of the Company’s Offering Statement, we will now begin to execute on our business plan of becoming a leader in the Cryptocurrency mining industry.
BitFrontier CEO, Spencer Payne, commented, “On behalf of the entire dedicated team here at BitFrontier, I wish to thank our tremendously committed shareholder base for staying with us throughout this complex process. It’s been quite an adventure, but the payoff is finally on the way.”
We have already been working to secure the industrial land needed to build the first cryptocurrency facility in anticipation of this qualification and expect to provide an update on the land by next week.
Additionally, we will be filing a formal court order in the near future to finalize the cancellation process of over 12 Billion shares of the Company’s Common Stock to be retired. We will provide an update once we file with the courts, so shareholders are able to track the status of the cancellation of these shares.
Additional information about BitFrontier Capital Holdings will be available soon on the Company's website at https://bitfrontiercapitalholdings.com and current updates are posted regularly on Twitter at https://twitter.com/BitFrontierInc.
About BitFrontier Capital Holdings, Inc.
BitFrontier Capital Holdings’ business plan is to concentrate on cryptocurrency related investments and development opportunities through cryptocurrency mining, investments in private and/or public entities, joint ventures and acquisitions of blockchain related companies. BitFrontier Capital Holdings has two wholly owned operating subsidiaries, BitFrontier Capital Investments, Inc. and BitFrontier Technologies, Inc. Through the Company's wholly owned subsidiary, BitFrontier Technologies, Inc., the Company plans to build a warehouse specifically designed for hosting cryptocurrency mining equipment. Cryptocurrency mining (e.g. bitcoin mining) entails running ASIC (application-specific integrated circuit) servers or other specialized servers which solve a set of prescribed complex mathematical calculations in order to add a block to a blockchain and thereby confirm digital asset transactions. A party which is successful in adding a block to the blockchain is awarded a fixed number of digital assets in return.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's reports and filings at https://www.otcmarkets.com/
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.