Cryptobloc Technologies Corp. announced Wednesday that it has successfully completed its Letter of Intent to acquire 5,000 cryptomining machines from a Hong Kong investment firm.
Company CEO Neil Stevenson-Moore stated in a news release that these machines will be used to leverage upcoming projects.
“The large majority of the 5,000 machines will be state-of-the-art Bitcoin Miners; however, there will be some consideration given to miners that produce other coins that are demonstrating significant growth, application, and confidence in the market.”
Cryptobloc develops blockchain and cryptocurrency services and solutions for government and commercial clients.
The Company didn’t say when these machines would be operational. They were acquired from Milson Investment Holdings Ltd.