Blockchain
AXTG Subsidiary, TiENCHAT, Expands Its Blockchain Decentralized Business to Engage in Cryptocurrency Mining
AXIS TECHNOLOGIES GROUP, INC. (OTC: AXTG) (“AXTG” or the “Company”), a holding company that promotes decentralized finance businesses, and supports the development of blockchain and decentralized finance (DeFi) projects, is proud to announce that it plans to invest and engage in the mining of cryptocurrencies (specifically Ethereum (ETH)) through its wholly owned subsidiary, TiENCHAT.
The Company has assembled a team of industry veterans with years of experience in the management and mining of cryptocurrencies and in the technology to support the development and growth of digital assets.
The first order of 50 ETH enterprise miners is intended to start mining in the 4th quarter, 2021 in Singapore with each miner expected to generate on average approximately 1.5 Ethereum (ETH) per miner each month. The Company is seeking to rapidly increase the number of ETH enterprise miners under management to more than 1,000 ETH miners by the middle of 2022 with operations both in Singapore and in the US.
William Tien, President and CEO of AXTG commented, “We are optimistic about the positive outlook of the cryptocurrency market with Ethereum (ETH) prices closing yesterday at approximately $3327 per ETH, an increase of 751% from the price of $391 per ETH exactly this time last year. Our initiative to engage in cryptocurrency mining is an important part of our overall blockchain decentralized finance strategy. We strive to continually build a clean energy-based ETH mining network globally as we believe this mining initiative will generate valuable digital assets to help internally finance and accelerate the Company’s future growth”, further commented Mr. Tien.
Safe Harbor Statement
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets, and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management’s own knowledge and assessment of the Company’s industry and competition. The Company assumes no duty to update its forward-looking statements.
Blockchain
Automotive Finance Strategic Business Report 2024: Global Market to Reach $517.9 Billion by 2030, Fueled by Increasing Preference for Flexible Finance Options, Including Leasing & Subscription Models
Automotive Finance Market
Blockchain
Co-branded Credit Card Market Trends and Industry Forecast, 2025-2030 – Untapped Sectors like E-Sports and Decentralized Platforms in the Crypto Space Present Business Opportunities
Co-branded Credit Card Market
Blockchain
BKOK: Revolutionizing Crypto Investments with a Secure and Sustainable Model
-
Blockchain7 days ago
This Week in Finance News: 11 Stories You Need to See
-
Blockchain Press Releases7 days ago
Bybit Crypto Titans: November Arena Boasts 55,000 USDT in Rewards
-
Blockchain Press Releases4 days ago
Sweat Your Way to Rewards: Live4Well Revolutionizes Wellness with Innovative “Exercise-to-Earn” Ecosystem
-
Blockchain7 days ago
Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships
-
Blockchain Press Releases4 days ago
Ethiopia-Exclusive: Bybit Livens up P2P Marketplace with 12,000 USDT in Rewards
-
Blockchain2 days ago
Reynold Lemkins Group Attends The Asset ESG Annual Summit to Explore New Paths for Corporate Sustainable Development
-
Blockchain4 days ago
Frontiers of Fintech: Innovative Practices of SILEGX Exchange
-
Blockchain Press Releases3 days ago
Compass Mining Expands into Iowa with New 30 MW Bitcoin Mining Facility