Cryptobloc Technologies Closes LoI To Buy 5000 Cryptomining Machines

British Columbia-based Cryptobloc Technologies Corp. announced the successful completion of a Letter of Intent to acquire a minimum of 5000 Cryptomining machines from Hong Kong based, Milson Investment Holdings Ltd.

The company said the large majority of the 5000 machines will be state-of-the-art Bitcoin Miners; however, there will be some consideration given to miners that produce other coins that are demonstrating significant growth, application, and confidence in the market.

The company said the significant acquisition represents another phase of operations that is capitalizing on the promise and continued adoption of Cryptocurrencies as a staple of the new economy.

CEO Neil Stevenson-Moore, said, “As Bitcoin prices climb to a 40-day high above $9,500 USD, we are very pleased to complete this agreement and begin the process of growing our Cryptocurrency portfolio. These 5000 machines represent the foundation for our future growth and will provide a solid asset base which we can leverage for our forthcoming projects.”

Cryptobloc focuses on developing and implementing Blockchain, Distributed Ledger, Closed Loop, and Cryptocurrency services for Government and commercial partners.

by RTTNews Staff Writer

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