Nate’s Food Co. (OTC: NHMD) is pleased to announce that it has commenced its Bitcoin Mining Operations. Of the equipment acquired, approximately 500 terrahash (TH/s) has already come online and is mining. An additional 1,000 TH/s is scheduled to come online shortly for a total of 1,500 TH/s. We will provide updates on our twitter page (https://twitter.com/natesmining) as the additional terrahash becomes active and acquired.
The 1,500 Th/s is expected to generate revenues of approximately $17,060 per month (or $568.95 per day). The Company’s goal is to acquire 25,000 TH/s over the next 18-24 months.
The Company is initially leasing equipment due to the current extended delivery dates for new equipment, which is 4-6 months. The Company is currently working with equipment manufacturers and brokers to acquire new machines. Meanwhile, we will continue leasing equipment to expedite our revenue inflows while we are working on getting equipment installed at a permanent hosting facility.
About The Nate’s Food Co.
The Company operates a Bitcoin Mining Company. Additional information is available by visiting company’s website at www.natesmining.com or on twitter at https://twitter.com/natesmining.
Revenue related calculations. Please note that the Company believes that any revenue related calculations are accurate and based on factual information, there can be no assurance that the Company will be able to achieve all projections due to number of business-related factors, such as power pricing, mining equipment availability, bitcoin mining difficulty, bitcoin market pricing and other unforeseen issues in deploying its mining rigs.