GREY:BLKCF - Post by User
Comment by
LumpyColburnon Jan 18, 2018 7:21pm
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Post# 27389651
RE:RE:RE:RE:Great Article on BLOC and their future outlook
RE:RE:RE:RE:Great Article on BLOC and their future outlook Well this isnt going to lead you down a rabbit hole but will answer your theory. Blocs S9 aren't arriving until March. Kodak only has, I can't remember the exact number but something like 350 of the machines and they have all been spoken for already, so it's pretty obvious by reading the "actual news releases" Kodak machines aren't Blocs.
Shidan Gouran, President of GBT stated, “The S9 has established itself as the pre-eminent bitcoin mining machine today. It is clear from demand at the commercial and investment levels that these machines are highly coveted and sought after. GBT’s network of global relationships have enabled and allowed the Company to procure a significant and critical mass shipment of Antminers in a relatively protracted timeframe. The Company feels that this equipment investment will provide a variety of options to monetize its investment in a rapid manner, all of which will be evaluated fully as time progresses.”
The Company is acquiring the equipment for investment purposes and will not be undertaking any direct cryptocurrency mining operations. Further to the Company’s news release dated December 12, 2017, Coinstream Mining Corp. has agreed to accept a number of Antminer’s, to be negotiated in the definitive agreement between the parties, in satisfaction of the Company’s US $10 million investment commitment. Cryptoba Corp. has also agreed to accept such equipment in satisfaction of Coinstream’s US $10 million investment commitment pursuant to their proposed streaming agreement with Coinstream. Both transactions remain subject to the negotiation and execution of definitive agreements.