Post by
bohemian61 on Aug 19, 2019 12:27am
READ THIS BU11LL(STUPID)SHIIT !!
With respect to its mining operations in Quebec, FORK is pleased to announce that it has agreed to transfer 6,598 Antminer S9 machines ("Machines") to the service provider at its Quebec facility. The Machines were in operation pursuant to the master service agreement dated July 4, 2018 ("MSA") with the operator. The transfer of the Machines is consideration for the early termination of the MSA without any further fees due or payable by FORK, which were contemplated under the MSA. As previously announced in the Company’s February 25, 2019 news release, the decision to liquidate this equipment took place as part of FORK’s decision to pivot its operations and to focus on service-based offerings, as opposed to Bitcoin mining, in light of changing crypto asset market conditions. Moreover, with a greater percentage of blockchain networks using algorithms such as (proof-of-stake), the Company is able to continue to provide network services, but without the resource burden of maintaining computer equipment for mining. On behalf of the Company: Shidan Gouran, President and CEO info@globalblockchain.io For more information please contact: Global Blockchain Mining Corp. Investor Relations Bu11ish0NG0ld