1000 bitcoin miners

cash in hand, Atlas Cloud acquires MKH Electric City Holdings LLC in Washington, which owns a 6,600 square foot facility in Grant County, WA. The deal gave (CSE: AKE, OTC: ATLEF) a real boost in that it had a contract for low-cost electricity that gives Atlas Cloud a COMPETITIVE EDGE in cryptocurrency mining when the Data Center is complete. Currently, Atlas’ Data Center has a capacity of 3Mw with plans of expanding to 5Mw in the near future.

Cryptocurrency mining is a made up of racks of computers and they suck electricity like there’s no tomorrow. But in Atlas Cloud’s case, $0.03 per Mwh gives the company an ability to make money on the spread in cryptocurrency mining where others can’t… it just costs them TO MUCH.

3 Mega Watts of dedicated power gives (CSE: AKE, OTC: ATLEF) the ability to host up to 1,700 Application Specific Integrated Circuit (ASIC) mining servers. In 2019, the energy capacity will be increased by 2MW – and Atlas Cloud is FULLY FUNDED to complete both phases of development.

Shortly after closing its private placement and Data Center acquisition, Atlas Cloud bought 1,000 Antminer S9’s (hardware) from Bitmain Technologies Ltd. The Antminer S9 is considered to be the most powerful, power-efficient, and first-ever consumer grade bitcoin miner in the world.

The Cashflow of Bitcoin Mining

(CSE: AKE, OTC: ATLEF) said in its January 24, 2018 news release on the purchase of 1000 bitcoin miners that it would generate 1.52 Bitcoins per-day. Currently, the quoted price (intra-day, 04-17-18) for a bitcoin is $8,123.66. But the 52-week spread has been from $1,191 for a low to $19,870. That makes the current intra-day quote a good constant for measuring annualized cashflow from 1,000 Antminer S9s.

1.52 Bitcoins X 365 = 554.8 bitcoins

554.8 Bitcoins X $8,123.66 = $4,500,000.