RE:HOW DOES FORT MINE BITCOIN? CREDIT TO MEMBERS POSTThe sublease for $25K per month may have looked good when BTC was under $10K
But now ??? FORT needs to update whats UP>
replaced by a monthly consulting fee In February 2018, the Company acquired a cryptocurrency mining facility in Washington State (the
“Flagship Facility”), and purchased 1,400 ASIC S9 Antminers.
On March 27, 2019, the Company has subleased the Flagship Facility (the “Sublease Agreement”) to
WeHash Technology LLP (“WeHash”) for US$25,000 payable at every thirty-day period.
On May 16, 2019, the Sublease Agreement was amended whereby the US$25,000 payable at every thirtyday period is replaced by a monthly consulting fee (the “Consulting Fee”) for the custody, sale of Bitcoin and transferring proceeds from sale of Bitcoin to the Company in US dollars (Note 3).