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VANCOUVER, British Columbia, May 10, 2021 (GLOBE NEWSWIRE) — Global Care Capital Inc. (CSE: HLTH, FRANKFURT: L6V1) (the “Company” or “Global Care”) a global investment company which engages in early-stage investment opportunities in private and public companies, is pleased to announce an update for its 100% owned portfolio company, ASIC Power Company (“ASIC”). Further to the press releases dated February 4, 2021, and April 8, 2021, The 208 ASIC miners from MicroBT and equivalents generating 16,640 TH/s which ASIC financed have been successfully plugged in and installed at the hosting facility.
“We are excited to generate our first revenue this month. With an energy price of $0.02 KW/h we are well positioned in the current market” said Daniel Novak, Co-Founder and CEO of ASIC. “With this being our first streaming deal in the cryptocurrency mining industry we are looking to further expand our business model and help miners fund their expansion.”
About ASIC Power Company
ASIC gives mining companies access to its innovative cryptocurrency mining streaming contracts and chip pipeline through its partnerships with leading hardware producers. It intends to identify low cost, renewably powered mining operations to implement new financing strategies in the form of royalties and stream contracts globally.
For more information and to register to ASIC’s mailing list and follow @asicpower on Twitter.
About Global Care
Global Care Capital is a global investment company which specializes in providing early-stage financing to private and public companies. The Company engages in new, early-stage investment opportunities in previously underdeveloped assets and obtaining positions in early-stage investment opportunities that adequately reflect the risk profile.
GLOBAL CARE CAPITAL INC.
Alex Somjen, President & CEO
The CSE does not accept responsibility for the adequacy or accuracy of this release.
All information contained in this news release with respect to ASIC was supplied by ASIC for inclusion herein, and Global Care’s directors and officers have relied on ASIC for such information.
Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com.