Metaverse Capital Corp GBCHF

How Bitcoin Mining Started for Early FORK investors

[Bu11ish0NG0ld]

FROM NEWS REALEAE "Global Blockchain Completes Investment in Bitcoin Mining Equipment Vancouver, British Columbia--(Newsfile Corp. - January 2, 2018) - GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (TSXV: BLOC) (FSE: BWSP) (OTC: BLKCF) ("GBT" or the "Company") is pleased to announce that the Company's subsidiary, Global Blockchain Mining Corp., has received regulatory approval to complete the purchase of its previously announced acquisition of 6,666 Antminer S9s from Bitmain Technologies Limited, a privately-owned multinational semiconductor company headquartered in Beijing, China, for a total purchase price of US$20,000,000. The estimated delivery of these units is March 2018. Shidan Gouran, President of GBT stated, "We are extremely excited to move forward with our investment in this equipment, which is recognized as the pre-eminent bitcoin mining machine currently on the market. The Company feels that our acquisition of this mining equipment will provide a variety of options to continue to pursue our investment strategy within the sector. We are currently reviewing a number of opportunities that will allow us to monetize on our investment in a rapid manner." 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." Corect me if I am wrong but I dont believe shareholders got any significant real value from the investments into the bitcoin mining and after 18 months FORK is giving up on bitcoin mining. I think that is so sad. This is just my opinion please do your own do dillgence!!