Vancouver, British Columbia--(Newsfile Corp. - June 10, 2019) - Skyledger Tech Corp. (CSE: SKYL) ("Skyledger") is pleased to announce that it has purchased a total of 12 Bitmain Antminer S17s (the "S17 Rigs") from a third party vendor. Skyledger plans to use the S17 Rigs to mine bitcoin at its operations in Gibsons, British Columbia.
The S17 Rigs are expected to deliver higher economic performances and efficiency as compared to the existing S9s. Specifically, they will operate at 53 terra hashes per second and 45 joules per tera hash. Skyledger has already installed 10 of the S17 Rights in order to take advantage of the recent price increase of bitcoin, which is now at approximately CDN $10,500 per bitcoin.
Skyledger is a Bitcoin mining company that gives shareholders access to the potential price appreciation of Bitcoin. The Company currently owns ASIC S17 and S9 Rigs, which are used to obtain rewards for confirming transactions on the Bitcoin Blockchain, that are located in Gibsons, British Columbia.
On behalf of the Board of Directors
Chief Executive Officer
Forward Looking Information
Information set forth in this press release contains forward-looking statements relating to the use of proceeds, are made as of April 26, 2019 and are based on assumptions as of that date. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Skyledger cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Skyledger's control. Such factors include, among other things: risks and uncertainties relating to the ability of Skyledger to obtain additional financing; Skyledger's limited operating history; fluctuations in currency exchange rates; fluctuations in the prices of cryptocurrency; competition and other risks and uncertainties, including those described in Skyledger's prospectus dated January 31, 2019 filed with the Canadian Securities Administrators and available on www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Skyledger undertakes no obligation to publicly update or revise forward-looking information.
THE CSE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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