Vancouver, British Columbia--(Newsfile Corp. - July 7, 2022) - Ocean Falls Blockchain Corp. ("OFB" or the "Company") is excited to announce a new fractional ownership offering to small-scale users that wish to invest a minimal amount of capital to mine bitcoin and other mineable cryptocurrencies.
This new offering will allow OFB to grow its current client base and effectively enables the Company to tap into an additional stream of revenue through a widening of opportunity for novices and those looking to mine at a significantly reduced risk level.
Fractional ownership means an asset is broken into segments and sold to individual shareholders. In turn, the group shares the benefits, in this case, the rate of return on mining for BTC. This type of structure provides an opportunity for individuals to participate in mining at a considerably decreased barrier of entry. Furthermore, this can help spur further adoption of cryptocurrencies whilst educating those involved on blockchain technology and decentralized payment systems.
Ocean Falls has set aside fifty S19 Pro mining rigs where customers can rent hashing power in quantities of one-tenth the cost of an individual mining rig.
As mentioned in a previous press release published on 29 March 2022, Ocean Falls also offers its clients the ability to view and manage their hardware in a virtual environment. This will include fractional owners as well. The digital twin of Ocean Falls' mining rigs will be a direct digital replica and virtual representation of real-world machines, updated using real-time data.
"We believe our fractional ownership program at Ocean Falls will educate people who are not crypto savvy and will enable the average person to get involved without taking on large risk and capital expenditures," said Kevin Day, CTO at OFB.
In a virtual setting, clients will be able to view critical information like exhaust heat, presented in clouds of blue and red to indicate temperature and hashing status. They will also be able to reboot, shutdown, and perform other diagnostic procedures through virtual controls connected via an API to their real-world counterparts.
As of July, OFB provides four different bitcoin mining offerings: self-mining, hosted mining, cloud mining and fractional ownership. For inquiries related to any of our mining options, you can email us at info@oceanfalls.com.
About Ocean Falls Blockchain
Ocean Falls is a Canadian blockchain technology company that operates a 2MW-plus, clean energy-powered cryptocurrency mining farm in historic Ocean Falls, B.C. Ocean Falls is also creating a new sustainable solution for the captive insurance industry. Visit oceanfalls.com for more information.
For further information, please contact:
Oded Orgil
Chief Executive Officer of OFB
oded@oceanfalls.com
Forward-Looking Statements
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws. These statements are based upon information currently available to OFB's management. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements may be identified by the use of terms such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and "should". Forward-looking statements contained in this news release are based on certain factors and assumptions made by the management of OFB based on their current expectations, estimates, projections, assumptions, and beliefs regarding their business and OFB does not provide any assurance that actual results will meet management's expectations. While management considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Such forward-looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although OFB has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, other factors may cause actions, events, or results to be different than anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking information. OFB does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130272
