RATE Group | Hydro66 Announces Further Expansion of Cryptocurrency Operations
54872
post-template-default,single,single-post,postid-54872,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Hydro66 Announces Further Expansion of Cryptocurrency Operations

19 Jul Hydro66 Announces Further Expansion of Cryptocurrency Operations

Posted at 03:01h in Cryptocurrency News by

[ad_1]

Boden, Sweden–(Newsfile Corp. – July 18, 2019) – Hydro66 Holdings Corp. (CSE: SIX) (OTCQB: HYHDF) (“Hydro66” or the “Company”)  is pleased to announce that is has completed the purchase of new ASIC equipment to further expand the Company’s blockchain services operations at its award-winning data center in Sweden. Following the capital raise announced on July 12th, 2019, the Company has acted decisively to secure equipment early in the current crypto cycle.

The new equipment is scheduled to be fully operational within 8 weeks and brings the Company’s total owned ASIC and GPU capacity up to an expected 45 PH/s.

The Company has also seen a significant increase in interest in colocation mining and other High-Performance Computing requests at its data center in Boden.

Alex Johnstone, CFO, stated,

“We continue to believe that this is the right time in the market cycle to add to our existing blockchain infrastructure and will look to add additional opportunistic investments over time….

[ad_2]

Source link

Tags:
, , , ,