NEW YORK, April 19, 2021 /PRNewswire/ — Code Chain New Continent Restricted (the “Firm,” or “Code Chain” or “We”) (NASDAQ: CCNC), a number one eco-technology firm, right now introduced its unaudited Bitcoin (“BTC”) mining manufacturing information for the primary month. Since March 19, 2021, the Firm has produced 17 Bitcoins, accounting for about $0.97 million in income, primarily based on an approximate present worth of every BTC at U$56,825.
David (Weidong) Feng, Co-CEO of the Firm, commented, “We’re excited to report the promising outcomes for our first month of Bitcoin mining. These numbers point out our effectivity and our crew’s burgeoning capacity to scale as new miners. The extra 2,000 Antminer S19j miners are on schedule to be delivered by the top of October this yr. The Firm plans to launch quarterly mining operation outcomes to advertise transparency as a solution to maintain our shareholders knowledgeable of Code Chain’s progress potential. We stay up for exploring each alternative to deploy our increasing mining fleet.”
About Code Chain New Continent Restricted
Code Chain New Continent Restricted engages within the analysis, design and improvement of digital tokens that mix the five-W components (when, the place, who, why, what), geographic location by way of the Beidou satellite tv for pc system and id info utilizing Code Chain know-how. The digital tokens are distinctive, tradable, and inheritable digital belongings and can’t be tampered. The digital tokens are primarily based on and saved within the Code Chain system and can be utilized to observe and doc every kind of client behaviors that contain code-scanning. Lately, the corporate has additionally diversified its enterprise into Bitcoin mining.
Secure Harbor Statements
This press launch incorporates “forward-looking statements” throughout the that means of the Personal Securities Litigation Reform Act of 1995, together with sure plans, expectations, objectives, and projections, that are topic to quite a few assumptions, dangers, and uncertainties. These forward-looking statements could embrace, however usually are not restricted to, statements containing phrases resembling “could,” “might,” “would,” “plan,” “anticipate,” “consider,” “estimate,” “predict,” “potential,” “expects,” “intends”, “future” and “steerage” or related expressions. These forward-looking statements communicate solely as of the date of this press launch and are topic to alter at any time. These forward-looking statements are primarily based upon administration’s present expectations and are topic to various dangers, uncertainties and contingencies, a lot of that are past the Firm’s management that will trigger precise outcomes, ranges of exercise, efficiency or achievements to vary materially from any future outcomes, ranges of exercise, efficiency or achievements expressed or implied by such forward-looking statements. The Firm’s precise outcomes might differ materially from these contained within the forward-looking statements as a result of various components, together with these described beneath the heading “Threat Elements” within the Firm’s public filings with the Securities and Trade Fee, together with the Firm’s annual report on 10-Okay. The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as required beneath relevant regulation.
SOURCE Code Chain New Continent Restricted
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