Advertisement
U.S. markets open in 2 hours 39 minutes
  • S&P Futures

    5,206.75
    -8.00 (-0.15%)
     
  • Dow Futures

    39,191.00
    -32.00 (-0.08%)
     
  • Nasdaq Futures

    18,191.75
    -39.75 (-0.22%)
     
  • Russell 2000 Futures

    2,046.80
    -3.00 (-0.15%)
     
  • Crude Oil

    82.57
    -0.15 (-0.18%)
     
  • Gold

    2,157.10
    -7.20 (-0.33%)
     
  • Silver

    25.10
    -0.16 (-0.63%)
     
  • EUR/USD

    1.0847
    -0.0029 (-0.27%)
     
  • 10-Yr Bond

    4.3400
    0.0000 (0.00%)
     
  • Vix

    14.56
    +0.23 (+1.61%)
     
  • GBP/USD

    1.2682
    -0.0046 (-0.36%)
     
  • USD/JPY

    150.5400
    +1.4420 (+0.97%)
     
  • Bitcoin USD

    63,370.06
    -4,610.48 (-6.78%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,710.75
    -11.80 (-0.15%)
     
  • Nikkei 225

    40,003.60
    +263.20 (+0.66%)
     

Emerging Markets Report

Cryptocurrency Mining Meets Oil and Gas Exploration and Development

ORLAND, FL / ACCESSWIRE / August 21, 2018 / Rarely do we find publicly traded small-cap companies that have the vision to deviate from their original business plan and succeed in a totally different business sector -- we have found one!

In the foothills of Kentucky's Appalachian Mountains sits Puissant Industries (OTC PINK: PSSS), an energy rich natural gas exploration company that ventured into Cryptocurrency Mining through its wholly owned subsidiary, American Crypto Mining, Inc. ("American Crypto"). Now, only 5 months later (since American Crypto commenced its operations in March 2018), it has completed its first fully operational Cryptocurrency Farm ("Farm") and has started construction of a second Farm facility expected to begin operations by the first week of October 2018. Each Farm will be equipped with approximately __ Miners (SHA 256 double round hash verification processes and script to validate Bitcoin transactions and provide security for the public ledger of the Bitcoin/Lite coin networks). Based on current cryptocurrency pricing and past performance, American Crypto estimates that it will generate $50,000 per month once both Farms becomes fully operational.

Puissant's unique business model, using its energy resources to develop or acquire high growth companies in industries where maximum profitability can be generated, has applied a synergistic approach to its natural gas and cryptocurrency operations. Puissant uses its excess energy from its natural gas operations to fund American Crypto's operations, while at the same time holds BitCoin (BTC), BitCoin Cash (BHC), LightCoin (LTC) to fund additional wells to its already operating 33 (check number) wells, as well as constructing additional Cryptocurrency Farms. This mutually beneficial synergy fuels Puissant's natural gas and cryptocurrency operations through growth and expansion, but avoids dilution that would have otherwise occurred through highly dilutive debt or equity funding, as is the case with many small-cap companies.

About Puissant Industries, Inc.

Puissant Industries (OTC PINK: PSSS) is a multifaceted energy company that utilizes energy produced from a variety of energy sources to generate the maximum profitability of its assets. The Company seeks to expand into selective fast-growing industries where the benefits of its multiple energy resources can make a significant impact on short and long-term growth. This includes American Crypto and other industries under evaluation.

http://www.psss.co

About American Crypto Mining, Inc.

American Crypto Mining, Inc. (a Kentucky corporation) is Puissant Industries' wholly owned subsidiary. Currently constructing and equipping its first Cryptocurrency Mining Farm, American Crypto plans to pursue the construction and operation of multiple farms through revenue reinvestment and excess electrical capacity.

About the Emerging Markets Report:

Emerging Markets Report is owned and operated by Emerging Markets Consulting, a syndicate of investor relations consultants representing years of experience. Our network consists of stock brokers, investment bankers, fund managers, and institutions that actively seek opportunities in the micro and small-cap equity markets.

Disclaimer:

This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the Company's business plan and the information presented above. Cryptocurrency is subject to numerous risks, including price volatility. Readers are cautioned that the revenue projections are based upon current Cryptocurrency pricing and past Cryptocurrency related revenues, and there are no assurances that the pricing may experience material decreases and thereby decrease the Company's revenues. There no assurances whatsoever that the Company will successfully complete the second Farm or be successful in generating the projected revenues. The revenue projections have not been independent verified. Projections are inherently subject to substantial and numerous uncertainties and to a wide variety of significant business, economic and competitive risks. Therefore, the actual results achieved may vary significantly from the revenue projections. No information in this press release should be construed as an indication in any way whatsoever of the future value of the Company's common stock, future revenues or our present or future financial condition. EMC has been paid 1,650,000 over a two contract period.

SOURCE: Puissant Industries, Inc.

Advertisement