Next-generation energy utility company Zenergy Brands (OTC: ZNGY) today announced its completion of installation obligations for two Zero Cost Customer Agreements with BitPlus, LTD., a U.S.-based cryptocurrency mining operation. Zenergy announced execution of its first Zero Cost Agreement with BitPlus on July 12, 2018, and the companies entered into two additional Zero Cost Agreements in November of 2018. In today’s update, Zenergy confirmed that two of three contracts are now installed and operational, while it is planning installation of the third facility in the second quarter of this year. Each of the Zero Cost Agreements is responsible for producing a steady 10 million annual kilowatt-hours to support each of BitPlus’s mobile mining units, and each agreement represents a contracted 48-month revenue stream. “Ever since I first learned of BitPlus’s unique mobile-mining approach, I have been fascinated with this project,” Zenergy CEO Alex Rodriguez said in the news release. “We are excited and thankful for being named as their energy solutions provider.”
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About Zenergy Brands, Inc.
Zenergy Brands is a next-generation energy and technology company operating in the emerging smart energy/utility industry. The company provides energy conservation, smart controls, and efficiency-based products and services as a fully integrated energy company. Zenergy is a public company, fully reporting to the SEC and currently trading. For more information, visit the company’s website at www.WhatIsZenergy.com and follow the company on the following social networks: Facebook: Zenergy Brands, Twitter: @ZenergyBrands and Instagram: @WhatIsZenergy.
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