CannabisNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Explores Potential Cryptocurrency Mining Investments

Market analysis company ChineseInvestors.com (OTCQB: CIIX) this morning said that it is exploring investments into cryptocurrency mining in connection with its recent purchase of application specific integrated circuit (“ASIC”) machines used to mine SHA-256 or scrypt mining algorithms to earn cryptocurrencies such as Bitcoin and Litecoin. The company’s initial trial comprised of the purchase of 20 BitMain L3+ Antminers and 7 BitMain S9 AntMiners that were installed inside a secured datacenter near Seattle. The company believes that this will be a successful venture based on initial reports from the trial and anticipates the possibility of considering additional investments in graphical processing units, the addition of 500 or more ASIC units and other equipment suitable for blockchain mining. “The company endeavors to be on the cutting edge of blockchain technology and to stay ahead of the curve in an effort to continue to build shareholder value and increase revenues this year,” ChineseInvestors.com CEO Warren Wang stated in the news release.

To view the full press release, visit http://cnw.fm/Y1nPu

About ChineseInvestors.com

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified); (b) advertising and public relation related support services; and (c) retail and online sales of hemp-based products and other health related products. For more information visit www.ChineseInvestors.com.

More from CannabisNewsBreaks

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net

Leave a Reply