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| VMNT Dives Deeper into Cryptocurrency with Mining Investment |
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 Hot Stock to Watch |
Company: Vemanti Group, Inc. (Pink Sheets: VMNT)
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Last:
Price: 0.15
Change (%): + 0.0001 (0.07)
Volume: 133,320 |
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Vemanti Group Starts Cryptocurrency Mining
NEWPORT BEACH, Calif, Dec. 05, 2017 (GLOBE NEWSWIRE) - Vemanti Group, Inc. (OTC PINK:VMNT), a technology-driven holding company, today announced that it has made an investment in cryptocurrency cloud mining starting with a lifetime Bitcoin contract to generate additional revenue and valuation in this new asset class.
Blockchain is an open, distributed ledger that can track transactions between two parties in a verifiable and permanent way. It is the technology that enables the existence of cryptocurrency, among other things. Mining is how the transactions are validated and confirmed by the network that ensures fairness, while keeping the network stable, safe and secure. Cryptocurrency miners secure transactions on the blockchain and, in exchange for expending considerable computing resources to do so, are rewarded with newly created coins.
“Cryptocurrency mining is going to be one of the many components of our blockchain-focused revenue stream, and it goes to show our commitment to the cryptocurrency market. The idea is to allow our investors to gain more cryptocurrency exposure without leaving their brokerage accounts. Going forward, we forecast a continued strong growth of Bitcoin and a few other cryptocurrencies, thus mining fits into our overall corporate direction,” commented Tan Tran, CEO of Vemanti.
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