Nate’s Food Expands Bitcoin Mining Operations with Acquisition of Additional S19j Pro Miners

Rhea-AI Summary

Nate's Food Co. (OTC: NHMD) has expanded its bitcoin mining operations with the acquisition of additional S19j Pro machines, increasing its mining capacity by over 50%. These new units are already installed and actively mining. CEO Nate Steck expressed enthusiasm for the expansion, aiming to boost efficiency and volume in this strategic initiative. The company remains focused on reaching specific earnings targets for its bitcoin mining division. The dual approach of food development and bitcoin mining positions the company to hedge against inflation.

Positive

• Increased mining capacity by over 50% with new S19j Pro machines.
• Active commitment to expand bitcoin mining operations enhances potential revenue.
• Strategic initiative to improve efficiency and volume in bitcoin mining.

Negative

• None.

HUNTINGTON BEACH, CA, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Nate’s Food Co. (OTC: NHMD), an emerging leader in the development and distribution of unique food products, is pleased to announce that it has purchased additional S19j Pro (100 TH/S) machines for its bitcoin mining operation. These new units are already installed and mining bitcoin.

The Company’s mining capacity has already increased by more than 50% following installation.

Nate Steck, CEO of Nate’s Food, commented, “We are excited to announce the completion of our acquisition of new bitcoin miners. The Company is focused on expanding its bitcoin mining operations in terms of both volume and efficiency. The first phase of this strategic initiative has already begun, and we look forward to building upon this momentum and adding more miners to our portfolio to reach our earnings target for this operational division. I look forward to updating shareholders about our progress and the next acquisition of bitcoin mining equipment soon.”

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 is currently selling Sh’Mallow as https://www.sh-mallow.com/shop. The Company also operates a bitcoin mining division to hedge against inflation. 

Additional information is available by visiting company's website at https://www.natesfoodco.com/ or on Twitter at https://twitter.com/natesfoodco.  

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.

Forward Looking Statements

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.
Email: nate@nateshomemade.com
Phone: (949) 341-1834

Public Relations:
EDM Media, LLC
https://edm.media

FAQ

What is Nate's Food Co.'s recent strategic move?

Nate's Food Co. has acquired additional S19j Pro bitcoin mining machines, boosting its mining capacity by over 50%.

How much has Nate's Food Co. increased its mining capacity?

The company's mining capacity has increased by more than 50% following the installation of new machines.

What is the purpose of Nate's Food Co.'s bitcoin mining operation?

The bitcoin mining operation aims to hedge against inflation and improve revenue streams.

What is the expected impact of the new bitcoin miners for Nate's Food Co.?

The new bitcoin miners are expected to enhance operational efficiency and contribute to achieving earnings targets.