Envoy Group's BitReturn New Mining Hardware Increases Profitability
18 7월 2017 - 11:31PM
InvestorsHub NewsWire
LAS VEGAS, NV -- July 18, 2017 -- InvestorsHub NewsWire
-- Envoy Group Corp. (OTC
Markets: ENVV) (the
“Company” or “Envoy”), a digital currency and Blockchain technology
company, is extremely pleased to release the results of a two week
test run with several Graphic Processor Units (GPU’s) equivalent to
the new cards that will be installed in its BitReturn subsidiary
processing facility by the end of July. The pilot program allowed
BitReturn management to test the cost-effectiveness of its planned
new hardware.
On June 27th Envoy announced the shipment of its first
large block of cryptocurrency mining hardware to its BitReturn Tier
3 Datacenter. This new shipment will allow BitReturn to
employ over 500 additional advanced GPUs produced by NVIDIA
(Nasdaq:
NVDA).
“We view our operations much like a gold mine, and this test run is
the equivalent of a pre-feasibility study that allows us to stress
test the hardware and examine critical operating costs and
profitability. The results validated our selection of the
hardware and design configuration of our new cryptocurrency mining
rigs,” commented Matt deFouw, BitReturn President.
The test program rated the GPUs for operational uptime, performance
per watt, and profitability in mining a variety of
cryptocurrencies. The results demonstrated that revenue
performance by the NVIDIA GPUs was exceptional for the mining of
Ethereum, a burgeoning cryptocurrency currently on pace to
intersect and potentially
outpace Bitcoin's market cap valuation.
The highlight was a gross revenue increase of 135% over the current
GPUs operating at the Datacenter due to an increase in design
efficacy and decreased electrical consumption.
Harp Sangha, Envoy CEO affirmed the Management Team’s excitement
with the results and indicated that a second significant order is
planned after the installation of the current shipment.
About Envoy Group, Corp.
Envoy Group, Corp. (OTC
Markets:
ENVV) is a digital currency
and Blockchain technology company. BitReturn, a division of the Envoy Group Corp, has
first targeted a high positive cash flow method of Mining of
Digital Currencies that has been de-risked by employing the most
effective Graphic Processor (GPU) technology and BitReturn’s secure
Tier3 (T3) facility in Kamloops, B.C. Hundreds of 7 to 13 GPU arrays will be working 24/7
within the climate controlled facility. Mining of Digital
Currencies will be constantly directed to which currencies provide
maximized profitability. New digital coins drop into the world
every 10 minutes and BitReturn will be there to catch them.
Block Chain is an incorruptible
publically distributed digital ledger that allows for transparent
and secure validation of online information.
For more information, please
visit: http://bitreturn.com
Forward-Looking Statements
Certain information contained in this news release constitutes
“forward-looking statements” as such term is used in applicable
United States and Canadian laws. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as “expects” or “does not expect”, “is expected”,
“anticipates” or “does not anticipate”, “plans”, “estimates”,
“intends” or “believes”, or that certain actions, events or results
“may”, “could”, “would”, “might” or “will be taken”, “occur”, or
“be achieved”. Forward-looking statements are based on the opinions
and estimates of management as of the date such statements are
made, and are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking statements. Many of
these factors are beyond the Company’s ability to control or
predict. Important factors that may cause actual results to differ
materially and that could impact the Company and the statements
contained in this news release can be found in the Company’s
filings with the SEC. Such risks and other factors include, among
others, the ability to locate and acquire suitable interests in
alternative medicine manufacturing operations on terms acceptable
to the Company, the availability of financing on acceptable terms,
accidents, labor disputes, acts of God and other risks of the
alternative medicine industry including, without limitation, delays
in obtaining governmental approvals or permits, title disputes or
claims limitations on insurance coverage. The Company believes that
the expectations reflected in the forward-looking statements
included in this news release are reasonable; however, no assurance
can be given that these expectations will prove to be correct, and
such forward-looking statements should not be unduly relied upon.
The Company assumes no obligation to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise.
Contact
Information
Hayden IR
(917) 658-7878
hart@haydenir.com
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