On Tuesday, BitFrontier Capital Holdings Inc (OTCMKTS:BFCH) was in the news after the company announced that it had successfully closed the acquisition of ASICMINERSUS.COM. ASCIMINERSUS.COM is a company that had managed to generate revenues to the tune of as much as $6 million back in 2022 and could well prove to be a key acquisition.
Market Action
On Tuesday, BFCH stock moved up 5.63% to $0.0225 with more than 1.31 million shares, compared to its average volume of 861.46K shares. The stock moved within a range of $0.0200 – 0.0225 after opening trade at $0.0200.
BitFrontier Capital Holdings, Inc. Finalizes Acquisition of ASICMINERSUS.COM, and Provides Shareholder Update
The company is actually called Asia Miners US LLC and is based out of Wyoming. Following the acquisition it is going to operate as a fully owned subsidiary unit of BitFrontier Capital Holdings. BitFrontier is one of the leaders in the crypto mining hardware distribution space and will soon launch hosting services for its clients in different states in the United States.
Andrew Gilton, who is the President of Asia Miners, spoke about the distinct advantages of having been acquired by BitFrontier Capital Holdings. He noted that BitFrontier was a one stop shop and hence a merger with the company was going to provide Asia Miners with considerable competitive advantages over many of its peers.
In addition to that, it should also be noted that Gilton was also appointed as the new Chief Executive Officer of BitFrontier Capital Holdings.
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