Crypto Blockchain Industries (CBI) and Blockware Solutions have established a long-term partnership to launch and manage Bitcoin mining using next-generation Bitmain ASIC miners.
Long-term Partnership Agreement
Crypto Blockchain Industries and Blockware Solutions signed a partnership agreement under which Blockware will manage the next-generation Bitmain ASIC miners on the Bitcoin network. The partnership aims to efficiently mine Bitcoin at a price below the market.
Financing and Compensation
CBI will progressively finance the first tranche of equipment investments amounting to US$10 million. As compensation, CBI will receive Bitcoin mined through this activity. Blockware is also partially compensated in CBI shares and intends to reinvest part of its profits back into equity.
Production Scaling and Risks
The agreement allows for gradual scaling of production capacity. However, the realization of crypto-related projects carries risks, including volatility factors affecting CBI's financial performance. CBI emphasizes the importance of notifying that past performance of crypto-assets does not guarantee future results.
The partnership between CBI and Blockware represents a strategic opportunity for both companies, allowing CBI to strengthen its position in the crypto asset market, while Blockware expands its business.
