Cannabidiol-focused holding company PotNetwork Holding Inc. (OTC: POTN), through its Blockchain Crypto Technology Corporation subsidiary, this morning announced its acquisition of a purpose built, climate controlled cryptocurrency mining facility. Per the update, this facility will allow the company to diversify its investments by capitalizing on the lucrative bitcoin mining industry. The state of the art facility features 115 dedicated cryptocurrency mining rigs, which are expected to allow the company to handle future transactions related to its proprietary altcoin digital currency. By solidifying its position in the cryptocurrency space, PotNetwork will look to capitalize on the industry’s recent expansion and strong growth projections for the coming months. Chris Burniske, an established cryptocurrency market analyst, founding partner at Placeholder VC and former lead at ARK Invest, recently projected the global bitcoin mining industry to be worth approximately $4 billion.
To view the full press release, visit http://nnw.fm/4E9wn
About PotNetwork Holding, Inc.
PotNetwork Holding, Inc. (OTC Pink: POTN) is a publicly traded company that acts as a holding company for its subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils. For more information, visit the company’s website at www.PotNetworkHolding.com
Pursuant to the applicable federal law, the sale or distribution of CBD with less than 0.03% of tetrahydrocannabinol by retailers may be permissible in all states. However, the local, state and federal laws regarding these issues tend to remain in flux and should be accordingly reviewed by local counsel and, as such, legal advice is not intended, but specifically disclaimed.
More from NetworkNewsBreaks
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW 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. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]