LONDON: Valereum Blockchain Plc, the Blockchain Technology venture builder, will soon commence mining bitcoin in the United States, having purchased new BTC mining hardware with a combined computational processing power of 1,600 TH/s (trillion hashes per second).
With the assistance of the Company’s North American consultants, Valereum has acquired new machines, which will be installed and hosted at a specialist US facility over the coming weeks. The machines were purchased from treasury and are expected to be generating revenue within 30 days.
Valereum’s intention, to counter any possible geopolitical risks in the cryptocurrency markets, is to establish a balanced global portfolio of crypto mining operations in diversified jurisdictions.
The Company will provide further updates on the installation and commissioning of the miners shortly, as material information becomes available.
Valereum’s Chairman Richard Poulden commented: “We at Valereum are firm believers in the future of the cryptocurrency markets led by bitcoin. We are in good company with this view as it is also espoused by many leading banks around the world. We are therefore delighted to announce the imminent launch of our initial bitcoin mining operation in the United States.
This is the first step in executing Valereum’s strategic plan to build its cryptocurrency mining and related business operations. Our consultants Kyudoka are working closely with the Company to add more computational processing and power to our assets in the coming weeks.”
The Directors of Valereum Blockchain Plc take responsibility for this announcement.