Rhea-AI Summary
Puissant Industries, Inc. (PSSS) announced a Joint Venture with EnerMining Corp. on January 11, 2022, to operate two Hash Huts and 40 ASICS computers. Both companies will share a 50% ownership through a Florida LLC. PSSS will issue 300,000 shares to EnerMining, covering technical operations and maintenance costs. Revenue will initially split 70% for EnerMining and 30% for PSSS, later adjusting to 50% each after EnerMining earns $100,000. The partnership aims to enhance shareholder value and explore additional agreements in Bitcoin mining.
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FAQ
What is the current stock price of PUISSANT INDUSTRIES (PSSS)?
PUISSANT INDUSTRIES (PSSS) last closed at $0.0002.
What is the market cap of PUISSANT INDUSTRIES (PSSS)?
The market cap of PUISSANT INDUSTRIES (PSSS) is approximately $2.7K.