NEW YORK, April 19, 2021 /PRNewswire/ -- Code Chain New
Continent Limited (the "Company," or "Code Chain" or "We") (NASDAQ:
CCNC), a leading eco-technology company, today announced its
unaudited Bitcoin ("BTC") mining production data for the first
month. Since March 19, 2021, the
Company has produced 17 Bitcoins, accounting for approximately
$0.97 million in revenue, based on an
approximate current price of each BTC at U$56,825.
David (Weidong) Feng, Co-CEO of
the Company, commented, "We are excited to report the promising
results for our first month of Bitcoin mining. These numbers
indicate our efficiency and our team's burgeoning ability to scale
as new miners. The additional 2,000
Antminer S19j miners are on schedule to be delivered by the end of
October this year. The Company plans to release quarterly mining
operation results to promote transparency as a way to keep our
shareholders informed of Code Chain's growth potential. We look
forward to exploring every opportunity to deploy our expanding
mining fleet."
About Code Chain New Continent Limited
Code Chain New Continent Limited engages in the research, design
and development of electronic tokens that combine the five-W
elements (when, where, who, why, what), geographic location via the
Beidou satellite system and identity information using Code Chain
technology. The electronic tokens are unique, tradable, and
inheritable digital assets and cannot be tampered. The electronic
tokens are based on and stored in the Code Chain system and can be
used to monitor and document all kinds of consumer behaviors that
involve code-scanning. Recently, the company has also diversified
its business into Bitcoin mining.
Safe Harbor Statements
This press release contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995, including certain plans, expectations, goals, and
projections, which are subject to numerous assumptions, risks, and
uncertainties. These forward-looking statements may include, but
are not limited to, statements containing words such as "may,"
"could," "would," "plan," "anticipate," "believe," "estimate,"
"predict," "potential," "expects," "intends", "future" and
"guidance" or similar expressions. These forward-looking statements
speak only as of the date of this press release and are subject to
change at any time. These forward-looking statements are based upon
management's current expectations and are subject to a number of
risks, uncertainties and contingencies, many of which are beyond
the Company's control that may cause actual results, levels of
activity, performance or achievements to differ materially from any
future results, levels of activity, performance or achievements
expressed or implied by such forward-looking statements. The
Company's actual results could differ materially from those
contained in the forward-looking statements due to a number of
factors, including those described under the heading "Risk Factors"
in the Company's public filings with the Securities and Exchange
Commission, including the Company's annual report on 10-K. The
Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required under applicable
law.
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SOURCE Code Chain New Continent Limited