Axis Applied sciences Group Inc (OTCMKTS:AXTG)
SINGAPORE, SINGAPORE, SINGAPORE, August 24, 2021 /EINPresswire.com/ — AXIS TECHNOLOGIES GROUP, INC. (OTC: AXTG) (“AXTG” or the “Firm”), a holding firm that promotes decentralized finance companies, and helps the event of blockchain and decentralized finance (DeFi) initiatives, is proud to announce that it plans to take a position and have interaction within the mining of cryptocurrencies (particularly Ethereum (ETH)) by way of its wholly owned subsidiary, TiENCHAT.
The Firm has assembled a crew of trade veterans with years of expertise within the administration and mining of cryptocurrencies and within the expertise to assist the event and progress of digital property.
The primary order of fifty ETH enterprise miners is meant to begin mining within the 4th quarter, 2021 in Singapore with every miner anticipated to generate on common roughly 1.5 Ethereum (ETH) per miner every month. The Firm is in search of to quickly enhance the variety of ETH enterprise miners below administration to greater than 1,000 ETH miners by the center of 2022 with operations each in Singapore and within the US.
William Tien, President and CEO of AXTG commented, “We’re optimistic concerning the constructive outlook of the cryptocurrency market with Ethereum (ETH) costs closing yesterday at roughly $3327 per ETH, a rise of 751% from the worth of $391 per ETH precisely this time final 12 months. Our initiative to interact in cryptocurrency mining is a vital a part of our total blockchain decentralized finance technique. We attempt to repeatedly construct a clear energy-based ETH mining community globally as we imagine this mining initiative will generate worthwhile digital property to assist internally finance and speed up the Firm’s future progress”, additional commented Mr. Tien.
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This press launch might embrace forward-looking statements inside the which means of the Non-public Securities Litigation Reform Act of 1995, together with statements associated to anticipated revenues, bills, earnings, working money flows, the outlook for markets, and the demand for merchandise. Ahead-looking statements aren’t any ensures of future efficiency and are inherently topic to uncertainties and different components which may trigger precise outcomes to vary materially from the forward-looking statements. Such statements are primarily based upon, amongst different issues, assumptions made by, and data presently out there to, administration, together with administration’s personal information and evaluation of the Firm’s trade and competitors. The Firm assumes no responsibility to replace its forward-looking statements.
Axis Applied sciences Group, Inc.