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CryptoGlobal Starts Trading on the TSX Venture Exchange Under the Ticker Symbol "CPTO"
CryptoGlobal (TSXV:CPTO) has announced that it has begun trading on the TSX Venture Exchange under the ticker symbol “CPTO.” As quoted in the press release: It will have 8600 cryptocurrency mining machines operating at its Canadian data centre by March 31, 2018.On Track to Operationalize 10,000 Cryptocurrency Mining Machines in CanadaCryptoGlobal CEO Rob Segal says the company expects to …
CryptoGlobal (TSXV:CPTO) has announced that it has begun trading on the TSX Venture Exchange under the ticker symbol “CPTO.”
As quoted in the press release:
It will have 8600 cryptocurrency mining machines operating at its Canadian data centre by March 31, 2018.
On Track to Operationalize 10,000 Cryptocurrency Mining Machines in Canada
CryptoGlobal CEO Rob Segal says the company expects to add an additional 1400 machines to its Canadian mining operations by the end of April 2018. “We’re building a Canadian blockchain technology company for the long-term and are on track to meet our goal of operationalizing 10,000 machines by the end of April,” says Segal adding that the company is currently mining four of the world’s most popular coins: Bitcoin, DASH, Litecoin and Ether.
Segal calls cryptocurrency mining “the future of mining in Canada.” He explains that Canada’s access to affordable renewable power, high speed internet, cold climate and well-regulated, stable financial markets make it an ideal location to build out large-scale cryptocurrency mining and FinTech operations. “Our team is in Canada. Our engineers are in Canada. And most important of all, our mines are in Canada,” says Segal.
CryptoGlobal to Invest 50% of Earnings in Scaling Technology / Blockchain R&D
CryptoGlobal expects to invest 50% of total earnings back into cryptocurrency mining infrastructure and blockchain R&D. “Investing in scale and the ability to be agile and flexible enough to shift our hash power as the cryptocurrency and FinTech markets develop will be a critical part of our ability to deliver value to our shareholders and be successful over the long-term,” explains CryptoGlobal President James Millership.
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