Vancouver, British Columbia--(Newsfile Corp. - April 20, 2022) - BlockMint Technologies Inc. (TSXV: BKMT) ("BlockMint" or the "Company") is pleased to provide an update on its Bitcoin mining operation which commenced on December 3, 2021 with fifty new S19 Antminers at a third-party hosting facility in Washington state. Since the start of mining operations, approximately 2.76 Bitcoins have been mined, equivalent to US$110,490 based on a Bitcoin price of US$40,000. For the most recent three month period (i.e. January 1st - March 31st 2022), the amount mined was approximately 2.07 Bitcoins. There is no guarantee of future mining or financial performance which is subject to a number of factors including Bitcoin price, mining difficulty rate, electricity prices, machine performance, etc.
BlockMint's CEO, Nelson Ijih, commented: "We are pleased with the early results of our US-based Bitcoin mining operation which is powered by clean, green hydro-power. This crypto mining operation is complimentary to our Minter browser which allows users to mine cryptocurrency to earn carbon credits or fractional interests in a NFT. The Company may scale-up its crypto-mining operations depending on future financial results and prevailing market conditions."
About BlockMint Technologies Inc.
BlockMint, through its wholly owned subsidiary, Blockmint (USA) Technologies Inc., operates a cryptocurrency mining operation in the state of Wahington, USA and develops distributed systems and networks that...
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