Blockchain Power Provides Operational Update

Blockchain Power Trust (TSXV:BPWR) has announced that its production of renewable energy projects for the quarter ended June 30 was an aggregate of 34,771 MWh, a 38 percent increase from the same quarter the year previous.

As quoted in the press release:

he Trust is also pleased to provide an update on mining operations from its 1,550 cryptocurrency mining units in Romania, with an aggregate power capacity of 2.09 MW representing 21.7 petahash per second (“PH/s”).  During this ramp-up period, between March, 2018 and June 30, 2018,  the Trust mined 21 Bitcoin, all of which continue to be held by the Trust.  The previously acquired Hashtank H40, which has 6PH/s computing power, has arrived in Romania and is expected to be fully commissioned on or about July 20, 2018.  The Trust’s aggregate installed cryptocurrency mining capacity, including the Hashtank H40, is 2.74 MW representing 27.8 PH/s.

Colter Eadie, Chief Executive Officer of Blockchain Power, commented “We are very pleased by the continued, consistent, and on-target performance of our renewable generation assets.  We are similarly pleased that our mining operations have been running consistently since commencing operation and that our capital expenditures for the mining operations are significantly below the budget forecast from December 2017.  We are looking forward to providing additional details about the mining operation performance concurrently with the release of our Q2 financials in August 2018.  We expect to confirm full commissioning of our H40 Hashtank imminently which will increase our aggregate hashpower in operation by over 20%”.

Click here to read the full press release.