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| WEBB Partners with One of the Most Successful Cryptocurrency Mining Operations in the Country |
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 Hot Stock to Watch |
Company: Web Global Holdings, Inc. (Pink Sheets: WEBB)
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Last:
Price: 0.038
Change (%): - 0.001 (2.56)
Volume: 19,891 |
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Web Global Holdings Announces New Cryptocurrency Mining Operation in Partnership with Bitex, LLC
STUDIO CITY, Calif., Sept. 10, 2018 (GLOBE NEWSWIRE) - via OTC PR WIRE - Web Global Holdings, Inc. (OTC: WEBB) a diversified cryptocurrency holding company specializing in media and data mining operations announced today that it has entered a partnership with cryptocurrency mining operator, Bitex, LLC, one of the most successful cryptocurrency mining operations in the country.
Under the agreement, Bitex will establish the company’s new cryptocurrency mining operation within the next 30 days. The Bitex platform, provides a low-risk and affordable way for interested parties to enter the cryptocurrency market. Through its unique approach to crypto mining, Bitex offers customers a return on investment well above other mining companies in the space. Bitex Chief Executive Officer James Wolfgramm will also join the company as a content advisor and networking resource.
As part of the partnership agreement, Bitex will manage the mining operation for the company and provide the Web Global Holdings team with first-hand knowledge and hands-on experience in cryptocurrency and blockchain data mining. Additionally, Bitex will provide a vast network of connections in the cryptocurrency and fintech industry that the company anticipates will help to increase exposure for Web Global Holdings and its CryptoCake news channel, as well as support the growth of its advertising revenues over the intermediate and long-term. BitGen Mining will be the operating entity for Web Global Holdings for the agreement with Bitex. BitGen Mining is wholly owned subsidiary of Web Global Holdings.
"The synergies are off the charts for both parties involved," said Steve Slome, CEO of Web Global Holdings, Inc. "Initially, a data mining operation seemed like a distraction from our focus on broadcast programming and production, but after just a few hours of looking a little deeper, we found that this partnership aligns very well with our long-term goals of creating a robust holding company within the burgeoning cryptocurrency marketplace. We are excited about the revenue generation opportunities this partnership will create and believe that this is a step in the right direction to becoming an established cryptocurrency conglomerate."
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