A bit of background on Minerium and FFG Blockchain
Media Release 19 August 2020 Fatfish Group Limited (ACN 004 080 460)Level 4, 91 William Street Melbourne VIC 3000 Australia www.fatfish.co Fatfish Investee Minerium To Benefit From Uptrend of Bitcoin International venture investment firm, Fatfish Group Limited (“Fatfish” or the “Company”), is pleased to announce that the recent uptrend of cryptocurrencies will have a positive impact on Fatfish’s blockchain mining investee company Minerium Technology Ltd (“Minerium”). Impact of Cryptocurrency Pricing on Minerium Improving prices for cryptocurrencies globally, highlighted by the Bitcoin price above US$12,000 and Ethereum price above US$400, has significantly improved operating conditions for blockchain miners. Minerium currently has a high percentage of its mining facilities committed to Bitcoin mining. Should Bitcoin price continue to hold above US$12,000, Minerium would consider expanding its blockchain mining infrastructure again. About Minerium Minerium is a crypto mining technology firm that runs large scale crypto mining facilities. Minerium brings professional crypto mining efficiency to the forefront by extending its operations to various geographical locations where low cost energy is readily available. Minerium’s crypto mining farms are secure and equipped with efficient computational power specially designed for crypto mining. With highly trained and experienced operation team in place, Minerium was launched in October 2017.
FFG Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
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