Bullet Blockchain Leans Towards Entering the U.S. Markets With Merger

Attainable Reverse Merger With U.S. Public Firm Might Help Bullet Blockchain in Accelerating Anticipated 100 Megawatt Rollout Schedule

REPUBLIC OF IRELAND / ACCESSWIRE / April 26, 2021 /Bullet Blockchain LTD (“Bullet” or the “Firm”), a turnkey crypto mining operation targeted on stability, transparency and scalability, introduced right now, that for the previous three months, administration had been exploring alternatives to entry the general public markets by means of a potential merger with a U.S. publicly traded firm, that’s both already working throughout the digital expertise area, or looking for to probably transition towards the digital expertise area

Mergers are widespread within the public markets, notably throughout the microcap area. There are lots of elements typically thought-about when figuring out which alternative will take advantage of complementary match. Such concerns might embrace (however are usually not restricted to) the goal firm’s cap desk, fundamentals, price, and general philosophy. Administration indicated that they’ve reviewed just a few alternatives sourced from inside their community.

Bullet has not too long ago introduced the launching of a bitcoin mining operation with 3,500 ASIC miners, producing 315 petahash, consuming 12 megawatts. Administration indicated that the Firm invested roughly $14.5M of the overall Capex of $25M secured from its traders. Administration additionally indicated that whereas operations are slated to launch with 12 megawatts [315 petahash], the speedy goal is to buildout a 100 megawatt facility, supporting a hash charge capability of two,625 petahash, inside 12 months of launching their bitcoin mining operations. That is a part of the reasoning in trying to listing within the U.S. public markets.

Though Bullet has already plotted a course to 100 megawatts inside 12 months, if Bullet can correctly leverage the U.S. capital markets, administration anticipates that the Firm might probably have the chance to scale barely quicker. Moreover, administration believes that as a public Firm, Bullet might finally be capable to show a price proposition that might lengthen past income technology from bitcoin mining. This could additional the potential for better monetary viability, enterprise alternative and shareholder confidence.

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With the help of the Public Accelerator-Incubator, Digital Asset Monetary Network, Inc. (“DigitalAMN”), and supplied there are not any regulatory hindrances, Bullet plans to transition into the general public markets, through a reverse merger, anticipated to happen throughout the 2nd Qt of 2021.

For extra data, please go to https://bulletblockchain.com/.

About Bullet Blockchain

Bullet Blockchain, LTD is a bitcoin mining firm headquartered within the Republic of Eire. With a Capex of $25M, Bullet has secured partnerships that afford the Firm entry to extremely coveted {hardware}, land, buildings, gasoline, turbines, racks, safety, and many others. Bullet has secured 100 megawatts of electrical energy and infrastructure capability and can deploy an preliminary {hardware} fleet of three,500 subsequent technology ASIC miners-focused on bitcoin mining–with an preliminary hash charge capability of 315 petahash consuming 12 megawatts of electrical energy.

Bullet is assured it could handle its bitcoin mining operations at a far lesser price per kilowatt than business rivals, subsequently producing bitcoin at a decrease price with better revenue. Bullet is concentrated on effectivity, stability, transparency, and scalability, and plans to swiftly scale operations inside 12 months.

For investor and basic data, please electronic mail contact@BulletBlockchain.com.

Ahead-Trying Statements

Statements on this press launch that aren’t statements of historic or present reality represent “forward-looking statements.” Such forward-looking statements contain identified and unknown dangers, uncertainties and different unknown elements that might trigger the Firm’s precise working outcomes to be materially totally different from any historic outcomes or from any future outcomes expressed or implied by such forward-looking statements. Along with statements that explicitly describe these dangers and uncertainties, readers are urged to contemplate statements that include phrases equivalent to “believes,” “perception,” “expects,” “anticipate,” “intends,” “intend,” “anticipate,” “anticipates,” “plans,” “plan,” to be unsure and forward-looking.

SOURCE: Bullet Blockchain LTD

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