THELOGICALINDIAN - Just afresh we appear on the cooler close Long Island Iced Tea Corp and its allotment priceincrease by added than 400 anon afterwards it rebranded to Long Blockchain Corporation On January 4 the aggregation filed with the US Securities and Exchange Commission SEC advertence its intentions to abundance bitcoins and acquirement 1000 Bitmain bogus Antminer S9 mining rigs
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The Iced Tea Company Is Shifting Gears With Plans to Mine Bitcoin
The specialized alcohol company, ‘Long Island Iced Tea Corp,’ is now accepted as the ‘Long Blockchain Corporation’ (LBC), and it seems the close had added intentions for alteration its name. The aggregation fabricated headlines all over the apple back it rebranded, and its shares acicular by 432 percent in a distinct day. The latest business move shows LBC is planning to accomplish a mining ability amid in the Nordic country, as the commitment of miners shows an Iceland destination. However, it’s bottomless at the moment absolutely area the mining ability will be located.
“The mining accessories will be installed in a world-class third-party abstracts centermost accomplished in cryptocurrency mining and amid in a Nordic country — Long Blockchain expects to account from an accustomed basement and aggressive activity costs application geothermal and hydro-electric ability sources,” explains the firm’s announcement.
Generating Revenue Through the Accumulation of Bitcoin
The firm’s CEO, Philip Thomas, explained the company’s business alteration in a account saying, “We appearance this transaction as an important and acceptance antecedent footfall in the company’s progression into blockchain technology.”
Long Blockchain Will Join Other Bitcoin Miners That Have Congregated In the Nordic Region
The antecedent rebrand advertisement appear the company’s intentions to axis its business model. “We will, in the advancing weeks and months, be demography a alternation of accomplish accompanying to our efforts to accumulate a world-class aggregation of industry professionals to advice us apprehend this vision,” explained Thomas aftermost month.
The acquirement and auction will abutting on the 31st day of January 2018, and the amount of the 1,000 Antminer S9 mining rigs and 1,000 PSUs will amount $2,900,000 USD. Alongside this, the deal filed with the SEC additionally includes the arising of two hundred and sixty thousand shares of aggregation accepted stock.
The Nordic arena is accepted for businesses congregating in the breadth to abundance bitcoin best conspicuously in Iceland. The acumen for this is because of the Nordic region’s abounding assets in geothermal and hydro-electric power. Other mining businesses amid aural the area of those countries accommodate Genesis Mining, Bitfury.
What do you anticipate about this alcohol aggregation alteration apparatus to alpha a mining ability in the Nordic region? Let us apperceive in the comments below.
Images via Pixabay, Long Island Iced Tea, and Bitmain.
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