Last week on December 29, 2022 BitFrontier Capital Holdings Inc (OTCMKTS:BFCH) had into the news cycle after it provided a year end summary of its business starting from milestones to current issues. It could be a good idea for investors to consider taking a look into some of the highlights from the announcement.
Market Action
On Friday, BFCH stock moved down 3.08% to $0.0126 with more than 1.27 million shares, compared to volume of 1.29 million shares. The stock moved within a range of $0.0108 – 0.0140 after opening trade at $0.0140.
BitFrontier Capital Holdings, Inc. Announces Year End Shareholder Letter
Last year in August, the company had been acquired through a court appointed action and the update noted that the present management had been fairly successful in its turnaround efforts so far. It was noted that over the course of the past months, the company had managed to appoint qualified people to the board, paid off the outstanding bills that had been run up by the previous management and regained current status as well.
However, that was not all. In addition to that, BitFrontier Capital Holdings had also managed to launch its mining efforts again and also signed a letter of intent with one of the biggest resellers of Asic Miner in the United States. The updates provided by the company could be seen as major positives by a number of investors and could bring the BitFrontier Capital Holdings stock into focus among them.
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