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Thursday, October 6, 2022

TechCom Inc (OTCMKTS: TCRI) Powerful Run Northbound as Crypto Operator Becomes Controlling Shareholder & Gears Up for Reverse Merger

TechCom Inc (OTCMKTS: TCRI) is making a powerful run up the charts in recent months from pennies in November to recent highs of $3.50 per share as Mr. Munaf Ali, a crypto investor and CEO of Phoenix Technology a cryptocurrency mining hardware reseller and hosting provider out of Dubai became the controlling shareholder of TCRI. Since than TCRI has been rocketing up the charts quickly turning into one of the most exciting stocks of 2022 so far. Currently under heavy accumulation TRCI has quickly attracted legions of new shareholders and is starting to see significant volume topping over $1 million per day in dollar volume several day last week. Speculators are looking for a break over $3.50 signaling the start of another big leg up. 

Reverse mergers can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks that we have covered on this website have gone from pennies to dollars. While it has not been confirmed publicly, we do know Munaf Ali recently stated: “Phoenix has recently acquired a U.S. listed entity for the purpose of listing some of the Phoenix Group’s income generating assets on the U.S. stock market. We expect to able to share more information with you in early 2022.” Speculation is high he will reverse merger either parts of or all of Phoenix into TCRI. Phoenix currently has a mining capacity of 450 MW, but with the new installation in the UAE the mining capacity will immediately go up to 1.1 GW, and once they expand to other jurisdictions in the Middle East, Phoenix will have a mining power of 1.8 GW. Recently Phoenix signed a $650 million order for crypto mining rigs, one of the largest purchases on record. 

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TechCom Inc (OTCMKTS: TCRI) operating out of Hemet, California is a clean “pink current” debt free and a perfect merger candidate. TCRI had 64,990,254 shares outstanding, 55,095,036 restricted shares leaving 9,895,218 free trading TCRI as of 01/18/2022. TechCom is a non-operating holding company. Historically, the Company has been involved and invested in gaming and vending businesses, the focus of which was on the entertainment, travel and leisure industries. Current management is in the process of identifying operating businesses that are potential candidates for acquisition. 

TechCom, Inc., was organized on August 22, 2000 under the laws of the State of Nevada, as UgoMedia Interactive Corporation. The Company has gone through several changes in its lines of business since its incorporation. On October 17, 2009, the Company acquired Beijing Innotrek Technology Co. Ltd, a Chinese company based in Beijing, China. As a subsidiary of TechCom, Inc., Innotrek engaged in the research and development of broadband technology products in China. Innotrek specialized in high technology network communications and offered broadband technology installation services to hotels. Its products included (i) a system that makes use of various wired mediums, (ii) a cable modem and (iii) security and monitoring products. The company also distributed computers, network equipment, storage devices, and software products. On June 30, 2017, the Company re-domiciled in Delaware and ceased being a Nevada corporation. On February 26, 2020, the Company filed a Certificate of Amendment with Delaware to change its name to TechCom, Inc. 

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Historically the founders of Phoenix both Munaf Ali and Bijan Alizadeh started their first Ethereum mining farm in the UAE in 2015, but had to expand to other jurisdictions because of the extreme hot summers.  Munaf Ali explained, “So in 2015, we started off in the UAE with our GPU mining farm which produced Ethereum and it was going very well with 2 Megawatts, until the summer time hit. Our equipment started to suffer, chips were burning, so we had to look into other cooler locations that had cheap electricity and were crypto friendly. This brought us into Canada, Russia and most recently the USA, and now we are coming full circle back to the UAE, our home, setting up our mining operations in the UAE as phase one and then other jurisdictions in the MENA region in phase two.” 

Phoenix currently has a mining capacity of 450 MW, but with the new installation in the UAE the mining capacity will immediately go up to 1.1 GW, and once they expand to other jurisdictions in the Middle East, Phoenix will have a mining power of 1.8 GW. Munaf Ali adds, “Once we expand our operations across the MENA region, we will have more than 10 percent of the global hash rate coming from the region. This will shape the region. Today we have interest from Kuwait, Bahrain and Saudi Arabia; this is cutting edge and will be an exciting time for the entire MENA region.” The expansion will be met with an additional order of US $2 billion worth of mining rigs in 2022. 

Recently UAE-based Phoenix Technology Consultants signed a $650 million order for crypto mining rigs, one of the largest purchases on record, CEO Munaf Ali said at the World Digital Mining Summit (WDMS), which started in Tuesday in Dubai. Deliveries of the “new generation” machines will start in 2022. Phoenix will also place orders for over $2 billion worth of crypto mining application-specific integrated circuits (ASICs) in the third quarter of 2022. Phoenix’s mining facility will consume over 600MW of electricity and will further expand to reach 1.4GW within the next 18-24 months, Ali said. 

Munaf Ali explained to UNLOCK, “This is just the beginning, so far we have made a purchase of the latest mining rigs from Bitmain. These are the latest generation mining machines which come with the AntBox, mining container, which comes with a new built in water cooling solution that utilizes water cooling making it ideal for countries such as the UAE and the rest of the GCC. All the mining rigs we just purchased will be deployed in our UAE crypto mining farm.” 

According to Munaf Ali, Phoenix has been granted approval to build and develop a large scale mining farm in the UAE. He explains, “Given that the UAE is a crypto friendly place, we were given a green light to setup up a crypto mining farm. We were offered attractive energy prices and have applied for the needed crypto licenses to build a large scale crypto mining farm. This is an optimal location for us given that the UAE has been my home for more than 17 years and we have solved the heat issue. 

https://twitter.com/CrossStocks/status/1483474825708511245

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TCRI is making a powerful run up the charts in recent months from pennies in November to recent highs of $3.50 per share as Mr. Munaf Ali, a crypto investor and CEO of Phoenix Technology a cryptocurrency mining hardware reseller and hosting provider out of Dubai became the controlling shareholder of TCRI. Since than TCRI has been rocketing up the charts quickly turning into one of the most exciting stocks of 2022 so far. Currently under heavy accumulation TRCI has quickly attracted legions of new shareholders and is starting to see significant volume topping over $1 million per day in dollar volume several day last week. Speculators are looking for a break over $3.50 signaling the start of another big leg up. Reverse merger SPACS can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks that we have covered on this website have gone from pennies to dollars. While it has not been confirmed publicly, we do know Munaf Ali recently stated: “Phoenix has recently acquired a U.S. listed entity for the purpose of listing some of the Phoenix Group’s income generating assets on the U.S. stock market. We expect to able to share more information with you in early 2022.” Speculation is high he will reverse merger either parts of or all of Phoenix into TCRI. Phoenix currently has a mining capacity of 450 MW, but with the new installation in the UAE the mining capacity will immediately go up to 1.1 GW, and once they expand to other jurisdictions in the Middle East, Phoenix will have a mining power of 1.8 GW. Recently Phoenix signed a $650 million order for crypto mining rigs, one of the largest purchases on record. We will be updating on TCRI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with TCRI.

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Disclosure: we hold no position in TCRI either long or short and we have not been compensated for this article

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