[ad_2]
NEW YORK, May 26, 2021 /PRNewswire/ — Standard Hashrate Group (“SHG”) is an open platform where prominent miners contribute their Bitcoin hashrate to form the foundation of DeFi innovations. Today, SHG announced that it has entered into a tentative investment term sheet with a local partner based in Tblisi, Georgia to acquire and operate a cryptocurrency mining facility in a Free Industrial Zone (“the Tblisi FIZ Site”). Pursuant to the tentative term sheet, SHG will invest the equivalent of USD 3.10 million to jointly acquire and operate the Tblisi FIZ Site with an expected capacity of 29 MW.
About Standard Hashrate Group
SHG is an open platform where prominent miners contribute their Bitcoin hashrate for DeFi innovations. With SHG’s successful launch of Bitcoin Standard Hashrate Token (“BTCST”) on Binance Launchpool, SHG has cemented its place as the leader in creating and operating hashrate assets. Investment in global mining facilities, such as the Tblisi FIZ Site, further demonstrates SHG’s commitment to hashrate stability.
“Tblisi, Georgia has long been the host city of some of the largest cryptocurrency mining summits, where industry leaders discuss innovative ideas that help shape the industry. We believe the Tblisi FIZ Site’s welcoming policies and stable regulations on cryptocurrency mining will make the hashrate foundation of BTCST even more robust,” said Alex Zhao
About BTCST
BTCST is the benchmark asset protocol to bring Bitcoin hashrate to DeFi. With BTCST’s implementation of Tau (τ), a protocol to synthesize proof-of-work blockchain assets, BTCST has formed the base for τAssets, which is a new generation of synthetic assets exhibiting superior price pegs.
For more information, check out: https://btcst.finance.
SOURCE Standard Hashrate Group
Source link
[ad_2]
The content is by PR Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.
[ad_2]
[ad_1] Nørresundby, 26 April 2024Announcement no. 23/2024 The Board of Directors of RTX has, cf. company announcement no. 20/2023 dated…
[ad_1] Gyroscope Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company's Gyroscope Global…
[ad_1] ODISHA, India, and LOS ANGELES, Calif., April 25, 2024 (SEND2PRESS NEWSWIRE) — In the 1880s, to call attention to…
In support of Hong Kong's new mega tourism and commerce drive, Alipay+ now enables users of 14 leading overseas mobile…
[ad_2] TOKYO, April 26, 2024 /PRNewswire/ -- KLab Inc. announced that its hit 3D action game Bleach: Brave Souls has…
[ad_1] CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC)…