CLP.L Regulatory News (CLP)

Clear Leisure Plc - Update on Cryptocurrencies Mining and Mediapolis Appeal

PR Newswire

London, September 19

20 September 2018

Clear Leisure Plc(“Clear Leisure” or “the Company”)

Update on Cryptocurrency Mining Datacentre and Mediapolis Appeal

Cryptocurrencies Mining Datacentre

The Board of Clear Leisure (AIM: CLP) announces that, as at 19 September 2018, the mining datacentre, Miner One Ltd, has extracted approximately 0.454 Bitcoins and 17.045 Litecoins in pool mining mode, of which 0.193 Bitcoins and 7.244 Litecoins are distributable to Clear Leisure.

The delay in the extraction schedule is due to a restriction in power supply which has prevented the data centre from operating at its full capacity. The Company has been advised by the energy supplier that this issue should be resolved by the end of September, when the power available at the site should be increased.

Mediapolis appeal

With regard to the appeal against the result of the Mediapolis Land auction and the decision of the auctioneer to reject the Company’s request to have the land assigned, the Court of Ivrea has scheduled a first hearing for 28 September 2018. The Company will provide a further update to the market in due course.

-ends-

For further information please contact:

Clear Leisure PlcFrancesco Gardin, CEO and Executive Chairman+39 335 296573

SP Angel Corporate Finance (Nominated Adviser & Broker)Jeff Keating / John Mackay+44 (0)20 3470 0470

Leander (Financial PR)Christian Taylor-Wilkinson+44 (0) 7795 168 157 

About Clear Leisure Plc

Clear Leisure plc (AIM: CLP) is an AIM listed investment company with a portfolio of companies primarily encompassing the leisure and real estate sectors mainly in Italy. The focus of management is to pursue the monetisation of all of the Company’s existing assets, through selected realisations, court-led recoveries of misappropriated assets and substantial debt-recovery processes. The Company has recently launched a joint venture initiative in the cryptocurrency mining sector. For further information, please visit, www.clearleisure.co.uk

Glossary of Terms

Pool Mining

As part of bitcoin mining, mining “pools” are a network of miners that work together to mine a block, then split the block reward among the pool miners. Mining pools are a good way for miners to combine their resources to increase the probability of mining a block, and also contribute to the overall health and decentralization of the bitcoin network.

There are several bitcoin pools a miner can join, even switching from one to the other within the same day. The choice of a pool by a miner depends on several factors (for example, how fast the working connection with the mining pool is or the hash rate power made available by the pool).

Prices

BTC = $6,319.27 // £4,808.90 // LTC 118.30

LTC = $53.42 // £40.65 // BTC 0.0084

Source: Coinbase, 19 September 2018