Blockchain Fintech Company to Mine Multiple Cyrptocurrencies
Canada One Mining Corp. (CONE.V) As announced by the Company on December 6th, its board of directors has initiated a strategic review of the Company’s existing portfolio of assets, which includes an evaluation of potential transactions in the blockchain and cryptocurrency sector, to determine whether such transactions are in the interest of shareholders.
In connection with that review, Canada One has signed a letter of intent with a privately held company at the forefront of blockchain based transaction verification, commonly known as cryptocurrency mining, with a view to evaluating its existing assets and operations. The principals of the private company have extensive experience in commercial cryptocurrency mining operations and are in the process of establishing second generation facilities. These facilities will mine multiple types of cryptocurrency, with the objectives of maximizing profitability by integrating newly developed industry leading technology with optimized layout configurations and innovative proprietary cooling methods.