BitFrontier Capital Holdings Inc (OTCMKTS: BFCH) is moving up steadily in recent weeks as volume surges and investors ramp up accumulation. The stock already has significant momentum, liquidity and a very fast growing shareholder base.
Its easy to get excited about BFCH as the BTC is once again on the move and the Company completes construction of its first Crypto mining facility. BFCH has been making some big moves including cancelling 99% of its outstanding Common Stock totaling 12,260,000,000 reducing its authorized shares from 7.5 billion to 495 million. The Company plans to become fully SEC Reporting and has begun the application process to up list to the OTCQB. BitFrontier Capital also acquired TelesisIT, LLC. which produced annual revenue of $542,181.11 in 2017 while producing a net profit.
BitFrontier Capital Holdings’ business plan is to concentrate on crypto-currency related investments and development opportunities through crypto-currency mining, investments in private and/or public entities, joint ventures, and acquisitions of block-chain related companies. BitFrontier Capital Holdings has two wholly owned operating subsidiaries, BitFrontier Capital Investments, Inc. and BitFrontier Technologies, Inc.
Earlier this year BFCH acquired Telesis IT, LLC, an IT Managed Service Provider that consults, provides, and manages cloud-based services including the Microsoft 365 Suite, secure email encryption and archiving, secure file sharing and storage solutions, backup and disaster recovery, and desktop-as-a-service. Telesis IT President, Ronnie Williams, said “We are uniquely positioned to provide cloud-based solutions to businesses enabling them to deploy a secure, remote workforce during these unprecedented times in addition to work from home opportunities that will include investing in bit miners. We have opportunities for individuals and entire companies to continue generating and/or start generating revenues from home. For more info please email us at salesteam telesisit.com”
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Through the Company’s wholly owned subsidiary, BitFrontier Technologies, Inc., the Company is building its first Crypto mining facility. In 2019 the Company secured permits and began construction with a 7,500 square foot foundation. In September BFCH said in a shareholder update is is nearing completion of the facility. With the exterior shell of the Crypto mining facility already complete, the Company has been working on the interior of the first facility to begin mining as soon as possible. We are on track to be mining by the fourth quarter of 2019. All interior framing has now been completed with insulation and drywall commencing later this week. The Company has met with several electrical contractors and will be having the facility wired in the coming days to accommodate the miners that have already been ordered.
Aside from the electrician wiring the first facility, the only remaining tasks to be completed before mining commences is the installation of the doors, intake fans, and exhaust fans, all of which are onsite. Construction has been progressing smoothly and the Company is very pleased with progress made thus far. Mining operations are right around the corner. Pictures will be posted to our Twitter account in the coming days.
— ENZO (@FastCar1955) August 5, 2020
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Currently moving steadily higher BFCH is an exciting story developing in small caps; the Company is currently completing construction of its first Crypto mining facility. BFCH has been making some big moves including cancelling 99% of its outstanding Common Stock totaling 12,260,000,000 reducing its authorized shares from 7.5 billion to 495 million. The Company plans to become fully SEC Reporting and has begun the application process to up list to the OTCQB. BitFrontier Capital also recently acquired TelesisIT, LLC. which produced annual revenue of $542,181.11 in 2017 while producing a net profit. The stock already has significant momentum, liquidity and a very fast growing shareholder base. Microcapdaily first reported on BFCH in June 2019. We will be updating on BFCH when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with BFCH.
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Disclosure: we hold no position in BFCH either long or short and we have not been compensated for this article.