Cannabidiol-focused holding company PotNetwork Holding Inc. (OTC: POTN), through its Blockchain Crypto Technology Corporation subsidiary, this morning announced its acquisition of a purpose built, climate controlled cryptocurrency mining facility. Per the update, this facility will allow the company to diversify its investments by capitalizing on the lucrative bitcoin mining industry. The state of the art facility features 115 dedicated cryptocurrency mining rigs, which are expected to allow the company to handle future transactions related to its proprietary altcoin digital currency. By solidifying its position in the cryptocurrency space, PotNetwork will look to capitalize on the industry’s recent expansion and strong growth projections for the coming months. Chris Burniske, an established cryptocurrency market analyst, founding partner at Placeholder VC and former lead at ARK Invest, recently projected the global bitcoin mining industry to be worth approximately $4 billion.
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About PotNetwork Holding, Inc.
PotNetwork Holding, Inc. (OTC Pink: POTN) is a publicly traded company that acts as a holding company for its subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils. For more information, visit the company’s website at www.PotNetworkHolding.com
Pursuant to the applicable federal law, the sale or distribution of CBD with less than 0.03% of tetrahydrocannabinol by retailers may be permissible in all states. However, the local, state and federal laws regarding these issues tend to remain in flux and should be accordingly reviewed by local counsel and, as such, legal advice is not intended, but specifically disclaimed.
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