NDAs with China and USA, Commercial Discussion with US, BTC at 73K. Thi s13 Mar 2024 07:48
The Company has entered into early-stage exploratory discussions with Bitcoin rig manufacturers and US Bitcoin mining companies. The Company believes that these discussions represent the first steps towards entering into commercial and technical negotiations.
The Company has, over the past nine months, entered into early-stage exploratory discussions, under Non-Disclosure Agreements (“NDA”), with two large mining rig manufacturers in China and North America and with two of the largest US Bitcoin mining companies. The board believes that these discussions represent the first steps towards entering into commercial and technical negotiations with the largest players in both the Bitcoin mining market and in the Bitcoin mining rig manufacturing industry.
The Company believes this achievement to be a major technical advancement for the SHA-256 algorithm, and therefore for the Bitcoin mining industry.