Britannia Mining and Bullet Blockchain Complete Merger

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The Britannia-Bullet Merger Has Been Accomplished with Solely a Few Filings and Submissions Remaining Earlier than Identify Change and Reverse Cut up are Initiated

NEW YORK, NY / ACCESSWIRE / August 19, 2021 / Britannia Mining, Inc. (‘Britannia’ or the ‘Firm’), (OTC PINK:BMIN) introduced at present, that the Firm has merged with Bullet Blockchain, LTD. (Bullet), to pivot from bodily mining operations, into the crypto mining business, with an preliminary concentrate on bitcoin mining.

The Firm has merged with Bullet to make the most of the fast development skilled inside the crypto mining business. Corporations like Riot Blockchain and Marathon Digital Holdings have helped to position first movers and early adopters onto a discipline of innumerable alternatives. Even current information of BitFarms’ Q2 2021 Financial Results-highlighting amongst different achievements, that BitFarms ‘obtained and put in 3,461 miners‘ through the previous quarter, with ‘revenues of $36.7M’-both proof the potential of the Britannia-Bullet merger to compete in one of many quickest rising, rising industries of at present. Bullet has already demonstrated its skill to fulfill expectations-taking possession of 3,500 ASIC Miners to solidify its initial bitcoin mining operations-increasing its ‘year-one’ anticipated buildout capability as much as a 200 megawatt facility, for a hash charge capability of 6,000 petahash.

Mr. Bradley Rudman has resigned from his govt submit as President, Secretary, and member of the Board of Administrators of Britannia, as Mr. Imran Ellis, a Founding Director of Bullet Blockchain, succeeds him because the Firm’s President and CEO.

Genesis-mining

Mr. Ellis has lengthy been a number one business advocate for Bitcoin and Blockchain ledger applied sciences; working with ASIC chip producers Canaan, Bitmain, and Bitfury. Mr. Ellis, who has additionally developed sturdy relationships with semiconductor firms TSMC, Samsung, and World Foundries, will deliver a crew of well-seasoned tech executives, consultants, service suppliers, and worldwide traders. Mr. Ellis additionally brings infrastructure companions which have helped to place Bullet as a well-capitalized upstart within the crypto mining house; starting with Bullet announcing its entry into the crypto markets in early 2021. Bullet’s infrastructure companions have helped to create an surroundings the place Bullet can enter this merger with a ‘turnkey’ operation-benefiting from entry to capital, in addition to extremely coveted {hardware}, land, buildings, gasoline, turbines, racks, safety, and many others.

As famous within the August 17th, 2021 Supplemental Disclosure, on August 11th, 2021, Britannia and Bullet entered right into a Merger Settlement and Plan of Merger, and on August 13th, 2021, the Firm filed the Certificates of Merger and Plan of Merger with the Nevada Secretary of State. Moreover, on August 16th, 2021, the Firm filed with the Nevada Secretary of State and up to date Imran Ellis because the President and Director of the Firm and filed the ‘Change of Management’ with the OTC Markets Group, Inc.

Lastly, and as agreed upon within the Plan of Merger Settlement between Britannia and Bullet, Britannia will endure a reputation change and plans to restructure the capitalization desk by way of a reverse inventory break up. As mentioned in previous announcements by Bullet, a lot care and a focus has been given to how the Firm will finally be restructured-with an ongoing dedication to defending current shareholders and creating an equitable alternative for smaller stakeholders. Shareholders can be given extra particulars on the proposed reverse break up, together with different updates, because the Firm continues with extra filings and submissions to finish the regulatory evaluate to finalize the identify change and reverse break up with regulators.

For extra data, please go to www.BulletBlockchain.com.

About Bullet Blockchain

Bullet Blockchain, LTD. is a blockchain expertise firm within the Republic of Eire that secures the bitcoin blockchain ledger. Bullet has secured partnerships that affords the Firm entry to extremely coveted {hardware}, land, buildings, gasoline, turbines, racks, safety, and many others. Bullet has secured 200 megawatts of electrical energy and infrastructure capability for six,000 petahash and has deployed an preliminary {hardware} fleet of three,500 subsequent technology ASIC miners-focused on bitcoin mining – with an preliminary hash charge capability of 315 petahash and 12 megawatts of electrical energy.

Bullet is assured it might handle its bitcoin mining operations at a far lesser value per kilowatt than business rivals, due to this fact producing bitcoin at a decrease value with better revenue. Bullet is concentrated on effectivity, stability, transparency, and scalability, and plans to swiftly scale operations to 60,000 miners inside the subsequent 12 months.

For investor and basic data, please electronic mail [email protected]

About Britannia Mining

At current, Britannia Mining is recognized as a pure sources improvement firm targeted on buying prime quality mineral, mining, and different commodity-based tasks. The Firm has been exploring alternatives to transition its enterprise in the direction of the digital expertise house.

For investor and basic data, please electronic mail [email protected]

Ahead Wanting Statements

Statements on this press launch that aren’t statements of historic or present reality represent ‘forward-looking statements.’ Such forward-looking statements contain identified and unknown dangers, uncertainties and different unknown elements that would trigger the Firm’s precise working outcomes to be materially completely different from any historic outcomes or from any future outcomes expressed or implied by such forward-looking statements. Along with statements that explicitly describe these dangers and uncertainties, readers are urged to think about statements that include phrases similar to ‘believes,’ ‘perception,’ ‘expects,’ ‘count on,’ ‘intends,’ ‘intend,’ ‘anticipate,’ ‘anticipates,’ ‘plans,’ ‘plan,’ to be unsure and forward-looking.

Contact: [email protected]

SOURCE: Britannia Mining, Inc.

View supply model on accesswire.com: https://www.accesswire.com/660447/Britannia-Mining-and-Bullet-Blockchain-Complete-Merger–Filing-with-the-Nevada-Secretary-of-State-and-OTC-Markets-Group



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