Urban Television Network to begin Bitcoin Mining in November
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Urban Television Network (URBT) is a publicly traded company, expanding its operations to include Bitcoin mining starting in November. The company’s mining operation will target Bitcoin mining specifically and will seek to scale its operation quickly through its large audience and investor base.
Urban Television Network has acquired about 200 Bitcoin miners in preparation for their mining venture. The company will mine on clean, renewable energy, thus ensuring effective power consumption at no cost to the environment.
In a statement URBT CEO Joseph Collins said:
“We are a fast-growing company and in line with our commitment to excellence, we have decided to throw our hat in the ring and begin crypto mining operations,” in a move that is sure to boost revenue and drive growth.”
“Today, the digital money market is one of the largest financial markets in the world. Early crypto adopters have reaped a great benefit and we have seen a great opportunity to put our resources into mining for digital currencies because we know the potential it holds for our business and for investors alike. Of course, we know crypto mining business requires highly sophisticated and massive computation and secure stable power supply to operate and cool the computers, which is why we have gone out of our way to ensure no stone is left unturned in providing the necessary resources that will drive this project.”
As a result of the announcement last week, URBT stocks have rallied along with the price of Bitcoin, marking a shift in investor confidence in the company as they incorporate drastic strategic changes to pursue Bitcoin mining.
Joseph Collins is confident about the performance of their stock right now is proof that they are making the right decisions, and investors who are constantly observing the market changes can see it.
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