HOLLYWOOD, Calif. - July 20, 2021 - (Newswire.com)
Urban Television Network Corp. (OTC: URBT) seeks to expand its operations, it has forayed into the digital money markets and proudly announces that it will launch a new cryptocurrency mining business through on Nov 1, 2021. URBT's crypto mining operation will target Bitcoin and Ethereum as well as other established cryptocurrencies and establish the company as one of the leading names in the crypto mining business.
The act of mining cryptocurrencies is a global phenomenon, and URBT (OTC: URBT) is joining in with approximately 200 mining high-powered computer systems set to take off after the launch. These mining machines are acquired from reliable manufacturers, with the mining farm set up in a remote area and the facility powered by clean, renewable energy, thus ensuring effective power consumption at no cost to the environment.
Joseph Collins, CEO of URBT, speaking about the launch of the cryptocurrency mining operation, says "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 beginning primarily with Bitcoin and Ethereum. 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."
With the development of this mining business, URBT (OTC: URBT) is positioning itself not only as a global leader of prime entertainment, but a modern crypto mining entity that rewards not just the mind of its viewers but their pockets as well. This move is sure to introduce the company to the cryptocurrency business, boost revenue, drive growth, and help optimize its range of product offerings, which will begin to be backed by cryptocurrencies.
If you'd like to find out more, please visit https://media.urbt.com follow Joseph Collins on Instagram @josephcollinsjr1
Safe Harbor Statement: This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition.
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Original Source: Urban TV Network Corp (OTC: URBT) to Launch Crypto Mining Operation