The crypto sector may be in the middle of a bit of a crisis but that has not stopped the companies involved in it from making key moves. If you are interested in the sector then you could do well to take a look at BitFrontier Capital Holdings Inc (OTCMKTS:BFCH).
Market Action
On Thursday, BFCH stock moved down 4.55% to $0.0210 with more than 1.84 million shares, compared to volume of 1.09 million shares. The stock moved within a range of $0.0185 – 0.0220 after opening trade at $0.0218.
BitFrontier Capital Holdings, Inc. Announces Signing of Lease for New Crypto Mining Facility
The company was in fact in the news yesterday after it announced that it had signed a lease agreement for one year with the eventual aim to purchase it at a fixed price next year. In addition to that, the company also provided certain update meant for its shareholders. The company noted that the property in question is situated on .7 acres and is located not far from a major substation.
Moreover, there are two parcels of land which lie adjacent to the property and if BitFrontier Capital Holdings wants to expand further then the company could do so. Both those parcels are available for purchase.
On the other hand, the company also noted that the acquisition of ASIC Miners US was also proceeding as per the company’s plans and the two parties were in the final reviews stage. It is going to be interesting to see if the BitFrontier Capital Holdings comes into focus among investors today.
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