Coin Manufacturing

GMINE LLC ANNOUNCES PLANS TO BUILD A SUSTAINABLE BITCOIN MINING OPERATION IN WEST TEXAS.

May 17, 2021

GMine LLC today is announcing the initial 65mm capital raise to bring sustainable crypto-mining to West Texas.

 

Midland, Texas / May 17, 2021

GMine LLC Announces plans to build a Sustainable Bitcoin Mining Operation in West Texas.

GMine LLC today is announcing the initial 65mm capital raise to bring sustainable crypto-mining to West Texas. GMine LLC has secured an exclusive agreement with Bit5ive (https://www.bit5ive.com/) to supply 20 fully operational, turnkey, Pod5 mining containment solutions with 5,600+ state of the art Bitmain S19J Pro miners. First deployment is expected in October 2021. GMine LLC is completing agreements for long-term low-cost power from major renewable energy providers. GMine’s goal is to be one of the lowest cost sustainable energy operators in the crypto-mining industry. Upon launch, GMine estimates the initial West Texas project will be utilizing 20 MW, generating an estimated average hash rate of 616 PH/S. Each location will add  5 technically skilled employees to the West Texas economy.


GMine’s goal is repeating this design in multiple U.S. locations utilizing 400MW of sustainable power for a 12.32EH/s


For more information please contact: info@gmine.netor visit our website https://www.gmine.net/


Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. GMine LLC does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will GMine LLC and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages. The content of this press release is provided for general information purposes only and is not intended to solicit the purchase of securities or to be used as immigration, investment, legal or tax advice.