Mr. Stephen Jenkins reports
LINK GLOBAL TECHNOLOGIES SIGNS A DEFINITIVE AGREEMENT TO BEGIN BUILDING THE INITIAL 10MW SITE WITH MISSION WORLD GROUP
Link Global Technologies Inc. has finalized its strategic co-mining agreement with North American cryptocurrency mining company Mission World Group and its subsidiary GSV Futures Inc. Pursuant to the terms of the agreement, the company will develop certain premises for GSV to operate approximately 3,000 bitcoin mining units. The company will also provide maintenance of the premises for a term of three years. This is an arm's-length transaction between GSV Futures and Link Global.
Under the terms of the definitive agreement, Link will design, build and operate the infrastructure for the operation of the miners and will also provide management services necessary to maintain 98-per-cent uptime on the miners. In consideration of these services, Link will work with GSV to achieve competitive rates for power and receive a profit share of mined coins. It is expected that the miners will be delivered and installed during the third and fourth quarters of this year.
Estimated calendar miner delivery dates:
- Third quarter 2021: 3,000 miners;
- Fourth quarter 2021: optional 3,000 miners.
Link president and chief executive officer Stephen Jenkins commented: "We are happy to have GSV co-developing and partnering with us to operate such a significant number of machines. This agreement is estimated to generate up to $5.75 million (U.S.) in cash and BTC annually to Link."
Mission World Group chairman and GSV Futures chief executive officer Chuang Simon Liu commented: "We are excited to be working with Link Global Technologies Inc. We plan to build up to 80 megawatts in Canadian operation by the end of 2021. As a team, we can move quickly and efficiently to get miners on-line and recognizing revenue for all parties."
About Mission World Group and subsidiary GSV Futures Inc.
Mission World Group and subsidiary GSV Futures offer a broad range of value-added services including ASIC mining, high performance computing, hosting and cloud services. The private company is considered one of the largest and most efficient service providers in data computing and cryptocurrency mining with green energy.
About Link Global Technologies Inc.
Link is engaged in providing infrastructure and operating expertise for digital mining and data hosting operations. Link's objectives include locating and securing, for lease and option to purchase, properties with access to low-cost, reliable power and deploying this low-cost power to conduct digital mining and supply clean energy and infrastructure for other data-hosting services.
We seek Safe Harbor.
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