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Valereum Blockchain (VLRM)

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Wednesday 21 April, 2021

Valereum Blockchain

Valereum Acquires New Bitcoin Crypto Miners

RNS Number : 1622W
Valereum Blockchain PLC
21 April 2021
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR")

 

 

VALEREUM BLOCKCHAIN PLC

 

("Valereum" or the "Company")

 

VALEREUM ACQUIRES NEW BITCOIN CRYPTO MINERS FOR US OPERATIONS

 

 

London, UK, 21 April 2021 - Valereum Blockchain Plc (AQSE: VLRM) , the Blockchain Technology venture builder, advises that it 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.

 

The website address of the Company is   www.valereumblockchain.com .

 

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Enquiries:

 

Valereum Blockchain Plc

Richard Poulden, Chairman

Tel: +44 7551 863 830

 

AQSE Growth Market Corporate Adviser

Peterhouse Capital Limited

Guy Miller / Allie Feuerlein

Tel: +44 (0) 207 469 0930

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