Vortex Brands Co. announces that the company is currently is currently working with its hosting partners about availability and start dates for additional bitcoin mining equipment to expand its current bitcoin mining operation. The price of mining equipment has dropped in recent months as a result of the drop in the price of bitcoin. When Bitcoin first was launched, mining was a race to constantly upgrade to the newest hardware. However, the game has changed with the price drop in bitcoin mining equipment. It’s less about running the newest hardware as soon as possible, and it’s more about minimizing infrastructure costs, minimizing energy expenses, and owning ASICs. The new cost of equipment will allow the company to minimize the infrastructure costs associated with the new equipment while minimizing its energy expenses. The Company believes now is the time to expand its bitcoin mining operation with the current prices of the equipment. The Company is currently working with its hosting partners about availability and start dates. We will provide additional information in the coming weeks.
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As always, the Company seeks to provide as much transparency about it bitcoin mining operation as possible, here is the link to our wallet which can be viewed by shareholders
The Company operates as Technology Holdings Company that focuses on cryptocurrency sector, particularly Bitcoin Mining.
Company believes that any revenue related calculations are accurate and based on factual information, there can be no assurance that the Company will be able to achieve all projections due to number of business-related factors, such as power pricing, mining equipment availability, bitcoin mining difficulty, bitcoin market pricing and other unforeseen issues in deploying its mining rigs.
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