Our future is now…
BitFrontier Capital Holdings’ business plan concentrates on Crypto currency-related investments and development opportunities through Crypto Currency mining, investments in private or public entities, joint ventures, and acquisitions of blockchain-related companies. BitFrontier has three wholly-owned operating subsidiaries, BitFrontier Capital Investments, Inc. BitFrontier Technologies, Inc., and Telesis IT. Through the Company’s wholly-owned subsidiary, BitFrontier Technologies, Inc.; the Company recently completed its first of five such facilities specifically designed for mining and 3rd party hosting opportunities for Crypto Currency Mining equipment and management. crypto-currency mining (e.g., Bitcoin mining) entails running ASIC (application-specific integrated circuit) servers or other specialized servers that solve a set of prescribed complex mathematical calculations to add a block to a blockchain and confirm digital asset transactions. A party that successfully adds a block to the blockchain is awarded a fixed number of digital assets in return. In 2021, we finalized the purchase of the 1.32-acre lot of land our mining facility occupies.
This purchase brings our portfolio to three debt-free properties, currently assessed at a value of $1,071,300.
To significantly enhance the Company’s mining capabilities through significant electrical power savings and the ability to overclock the miners while reducing the normal wear and tear of the mining units (rigs), Spencer Payne and the team designed and built the Company’s proprietary immersion cooling system which the facility will convert 100% to form its current rack mining system. Payne states, “This is a game-changer for BFCH within our niche in the sector and will make all the difference for the future of BFCH, separating us from the competition in a significant way.” Payne also adds, “Unfortunately, the domestic and international Covid related issues caused significant delays and disruptions in our supply chain and construction timelines, but thankfully those issues are mostly behind us, allowing us to move ahead at full speed with maximum efficiency and potential.”
To further secure the successful future of our enterprise and significantly expand the technical aspects of crypto mining opportunities, in January of 2019, BitFrontier Capital Holdings announced that it signed an acquisition agreement to acquire all of the issued and outstanding shares in TelesisIT, LLC (“TelesisIT”). This strategic acquisition of TelesisIT is a huge step forward for the Company. TelesisIT will not only add significant revenue and assets to the books, but it will also provide an opportunity to rapidly expand into the blockchain software industry through existing clients of TelesisIT as well as provide invaluable technical support and capabilities. BFCH is very excited about the opportunity to expand into this vast potential growth industry with experienced professionals who understand how to implement blockchain into their operations. During the pandemic of 2020, we saw an increase in cloud services sales due to the increased number of businesses requiring their employees to work from home. Although many large companies were well positioned for this transition, many SMB sectors had not fully committed. Our expertise with cloud infrastructure allowed us to help existing and new customers embrace this move. We continue to see growth in cloud services in 2022 and beyond as many businesses that have taken action continue to move their infrastructure, security, and communications to the cloud.
“Although we are heavily focused on cloud services, we see the massive potential in blockchain technologies and are seeking out new opportunities in this market that are expected to grow to $394 billion by 2028.
The next step for Bitfrontier was to fully demonstrate the capability of our entire business model and concepts with the Company’s first batch of secured miners – which the Company did in early 2021, achieving the necessary “proof of capability” to cost-effectively mine Cryptocurrencies, not just for the Company itself but for 3rd party hosting opportunities as well. 3rd party hosting will allow the Company to expand faster, sooner, and more profitably. Upon the soon complete conversion to 100% immersion cooling mining Bitfrontier will launch its long-anticipated “Crypto-Prenuer” hosting opportunities to 3rd parties and companies seeking to enter the Crypto mining sector by having Bitfrontier manage all aspects of mining for them in-house at our current and future planned facilities. Other companies may offer similar opportunities, but we feel due to Bitfrontier’s energy and cost saving technologies as well as ample state-of-the-art hosting space, we are the best choice for interested parties, and we look forward to helping them achieve their goals of hassle free “Crypto mining” for themselves.
Bitfrontier took another massive step in securing the Companies long term viability and profitability by securing/purchasing full ownership of the Company’s initial real estate parcel our first facility is currently located on in Pulaski, Virginia, as well as the additional step of also purchasing an adjacent property for our planned future facilities and growth potential – all with the same power source and discounted rates in a centralized location. CEO Payne stated, “This was a major step towards securing Bitfrontier’s future and taking full control of our destiny.” With all five facilities built, Bitfrontier will host 10,080 miners at their centralized location in Pulaski, Virginia. Along the way, BFCH anticipates numerous additional options and opportunities for further expansion. Bitfrontier sees no limit for our mining and expansion capabilities – this means no limit for BFCH’s investment potential for shareholders and partners. Bitfrontier’s Corporate staff and faculty are rapidly expanding, as are its ancillary and support network of affiliates – this will only further accelerate our growth plans and capabilities. BFCH designed and built all aspects of this first facility from the ground up – we learned what to do and how to do it faster, more efficiently, and cost-effectively.
We learned from our successes and mistakes during this process and have now created a turn-key proven model and system for rapidly expanding via additional facilities while significantly reducing costs and enhancing efficiency and capabilities even further. This experience will prove invaluable and highly profitable for our future expansion plans, including potential partners that want to join us in our future endeavors. Those seeking to “join us” will be dealing with successful, proven, and experienced capabilities and leadership.
Obtaining a PCAOB audit firm to audit our financial statements will allow us to meet the requirements of up-listing to the OTCQB and let us go entirely SEC reporting. The Company has already contacted several audit firms, and we plan to get the audit in motion in early 2022. Going fully SEC reporting has been a goal of ours for quite some time now, and we believe we are now in a position to move forward with this. Once we obtain an audit letter, we will be moving forward with filing Form 10 (or equivalent) to take the Company fully SEC reporting. At the same time, we plan to up-list to the OTCQB.
Thank you for your interest in Bitfrontier Capital Holdings, Inc.