Pursuant to Bitcoin Mining Infrastructure Announcement, First Set of Mining Rigs SecuredCodebase Ventures Inc. pursuant to the Company’s January 15, 2021 announcement of its $2.5 million bit mining infrastructure acquisition, Codebase has received confirmation that the bitcoin mining rigs the Company has ordered have been processed and will commence shipping in the coming weeks to the Company’s designated North …
Pursuant to Bitcoin Mining Infrastructure Announcement, First Set of Mining Rigs Secured
Codebase Ventures Inc. (“Codebase” or the “Company”) (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) pursuant to the Company’s January 15, 2021 announcement of its $2.5 million (USD) bit mining infrastructure acquisition, Codebase has received confirmation that the bitcoin mining rigs the Company has ordered have been processed and will commence shipping in the coming weeks to the Company’s designated North American based mining facility
- Codebase’s Bitcoin mining rigs secured
- Company will operate first tranche of 115 state of the art Canaan A1246 miners
- Codebase has secured first right of refusal on 5 MW of capacity at green powered hydroelectric facility in New York State
The Company will operate its first tranche of 115 state of the art Canaan A1246 miners with an aggregate hash power of 10,350 Terahash per second (TH/s). Codebase’s bit mining infrastructure consists of the newest generation of Canaan bitcoin mining rigs, with significant ability to expand and increase the capacity of rigs being operated by the company.
The Company has also secured the first right of refusal on 5 MW of capacity at a forward-looking green powered hydroelectric hosting facility in Upstate New York where it plans to build out its Bitcoin mining operation. The Bitcoin mining rigs will be using some of the most cost-effective renewable energy in North America.
About Codebase Ventures Inc.
Codebase Ventures Inc. seeks early-stage investments in sectors that have significant upside. We seek innovators who are establishing tomorrow’s standards. We support those innovators and help take their ideas to market.
For further information, please contact:
George Tsafalas – Ivy Lu
Telephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE: Codebase Ventures Inc.
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