4500 existing miners cost 100% earnings to acquire brand-new miners
VANCOUVER, BC, Oct. 7, 2021/ PRNewswire/– Hi Friend International Inc. (” Hi Friend” or the “Business”) (CSE: HP) ( Frankfurt: 27H) (OTC: HLLPF), a company of quickly expanding global live-streaming, language understanding as well as social-crypto system, delights in to reveal that it has actually updated about one third of its Litecoin/Dogecoin mining gears to the current miners launched by Bitmain.
The Business, by means of its subsidiary CPal Innovation Limited (previously “Crypto Friend Modern Technology Limited”), marketed 4,500 of its existing Antminer L3+ mining gears for a factor to consider of USDT 2.1 million (about CAD 2.67 million). Compared to the efficient acquisition cost of those extracting gears when 12,500 mining gears were acquired for CAD 3.5 million previously in June this year, this stands for an earnings of over 100% for this sale.
Utilizing those profits, the Business has actually acquired 100 systems of Antminer L7 mining gears, which are the current Litecoin/Dogecoin mining gears to be launched by Bitmain. L7 mining gears have a hashrate of 9500 MH/s, which is 19 times even more than that of the existing L3+.
The Business anticipates to get these brand-new mining gears in November this year, as well as has setups to acquire extra, as these mining gears bring various benefits. In addition to the enhanced mining power, it will certainly additionally need much less upkeep, as well as will certainly be less complicated to house in mining centers because of the minimized room it will certainly need contrasted to the electrical energy costs obtained by the mining centers. These benefits subsequently imply that the Business will certainly have a great deal even more versatility in regards to where its mining gears can be housed. As stated in Hi Friend’s news release on October 5th, the firm remains to increase its service on a worldwide degree to branch out threat for its investors.
” We are really happy to our companion Yitang in assisting us offer a component of our existing mining gears at dual our expense, as well as in having the ability to acquire the brand-new miners which remain in really brief supply,” claimed KL Wong, Owner as well as Chairman of the Business. “We continue to be dedicated to our crypto mining technique as well as the execution of cryptocurrency within our social system, so this upgrade will certainly assist us accomplish this objective.”
To download and install Hi Friend please see the IOS or Android shop. For info relative to the Business or the materials of this press release, please speak to the Business at (604) 683-0911 or see the web site at hellopal.com. Email questions can be routed to:[email protected]
Regarding the Hi Friend System
The Hi Friend System is an exclusive collection of mobile applications improved an easy to use messaging user interface that concentrate on social communication, language understanding as well as traveling. Hi Friend, has actually been developed from scratch to be very easy to utilize as well as allows individuals’ the liberty to talk in their very own language no matter the various other individual’s language they are talking to. Hi Friend’s bypassing objective is to bring the globe more detailed with each other with social communication, language understanding as well as traveling. By developing a system where it is very easy to quickly connect with others around the globe as well as providing the devices to connect with each various other in a cheerful as well as enjoyable method, we intend to do our component (nonetheless tiny) in promoting understanding as well as resistance in between all residents of the globe.
Details state in this press release consists of positive declarations. These declarations mirror monitoring’s existing price quotes, ideas, purposes, as well as assumptions; they are not warranties of future efficiency. Hi Friend warns that all positive declarations are naturally unclear which real efficiency might be influenced by a variety of product variables, a number of which are past Hi Friend’s control. Such dangers as well as unpredictabilities are defined in Hi Friend’s yearly as well as acting economic declarations readily available onwww.sedar.com Although Hi Friend is presently producing earnings, Hi Friend stays in the development phase as well as such earnings are yet to be successful. As necessary, real, as well as future occasions, problems as well as outcomes might vary materially from the price quotes, ideas, purposes, as well as assumptions shared or indicated in the positive info. Other than as called for under suitable safety and securities regulation, Hi Friend embarks on no commitment to openly upgrade or modify positive info.
THE CSE HAS ACTUALLY NEITHER ACCEPTED NOR DISAPPROVED THE DETAILS CONSISTED OF HEREIN AS WELL AS DOES DECLINE OBLIGATION FOR THE COMPETENCE OR PRECISION OF THIS LAUNCH
Hi Friend International
200– 500 Denman Road
Vancouver, BC, V6G 3H1, Canada
Resource Hi Friend International Inc.