Nate’s Food Co. Announces Acquisition of 25 Additional S19j Pro Units
Huntington Beach, California, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Nate’s Food Co. (OTC: NHMD) is pleased to announce that it has purchased an additional 25 S19j Pro machines for its bitcoin mining operation. These units are already installed, and the initial machines are expected to begin mining February 1, 2023.
Nate Steck, CEO of Nate’s Food Co., commented, “We are excited to announce the completion of the acquisition on new bitcoin miners. The Company is focusing on increasing its bitcoin mining operations. The first phase of our bitcoin mining plan has already begun, and we look forward to adding more miners to our portfolio to reach our earnings target on bitcoin mining. I look forward to updating shareholders about our progress and the next acquisition of bitcoin mining equipment.”
About Nate’s Food Co.
The Company operates two divisions: (1) Food development and distribution and (2) bitcoin mining. The Company’s focus is the development of food products for distribution in wholesale membership stores and into retail grocery stores. The Company also operates a bitcoin mining division as a hedge against inflation.
Revenue related calculations. Please note that the Company believes that any revenue related calculations are accurate and based on factual information, there can be no assurance that the Company will be able to achieve all projections due to number of business-related factors, such as power pricing, mining equipment availability, bitcoin mining difficulty, bitcoin market pricing and other unforeseen issues in deploying its mining rigs. You can view update information on Bitcoin Mining by visiting https://alloscomp.com/bitcoin/calculator.
Certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company's business and any of its products, services or solutions. The words "believe," "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, copies of which may be obtained from the SEC's website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.
For more information:
Nate’s Food Co.
Phone: (949) 341-1834
View source version on GlobeNewswire.com