SINGAPORE, Feb. 7, 2024
/PRNewswire/ -- X3 Holdings Co., Ltd. (Nasdaq: XTKG) ("X3 Holdings"
or the "Company"), a global provider of digital solutions and
technology services spanning diverse industries, is pleased to
announce a significant expansion of its bitcoin mining
operations. The Company has successfully deployed 2,000
bitcoin mining machines in its Central Asian facility,
a move that underscores X3 Holdings' commitment to growth and
sustainability in the digital asset space.
This latest deployment is set to supercharge X3 Holdings' mining
capabilities, with the new ASIC miners projected to
achieve an impressive hash rate of 0.28EH/s. It's a strategic step
within the Company's broader vision to amplify its BTC hashing
power through the addition of next-generation of mining technology
in the near term.
Strategically located, the Central Asian facility leverages
hydro-powered and renewable energy sources, ensuring mining
operations are both cost-effective and environmentally friendly. In
a move towards sustainability, the Company is collaborating with
its hosting partner to incorporate solar energy solutions, marrying
cutting-edge bitcoin mining with eco-friendly land use
practices.
Stewart Lor, CEO of X3 Holdings,
shared his excitement: "The deployment of our bitcoin
miners in Central Asia marks a
pivotal advancement. Our strategy to scale up our mining operations
is fueled by low-cost renewable energy, setting the stage for
significant growth. Our venture into cryptomining is not just an
expansion – it's a testament to our foresight in harnessing
sustainable energy for substantial growth."
About X3 Holdings
X3 Holdings Co., Ltd. (Nasdaq: XTKG) is a global provider of
digital solutions and technology services spanning diverse
industries. The Company is operating across diversified business
segments in digital technologies, cryptomining operations,
renewable energy and agriculture technologies. X3 Holdings is
headquartered in Singapore with
subsidiaries and operations globally. For additional information,
please visit www.x3holdings.com.
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements; specifically, the Company's statements
regarding listing on the NASDAQ Capital Market and the IPO are
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; product and service demand and acceptance;
changes in technology; economic conditions; reputation and brand;
the impact of competition and pricing; government regulations;
fluctuations in general economic and business conditions in the
markets that the Company operates and assumptions underlying or
related to any of the foregoing and other risks contained in
reports filed by the Company with the SEC. For these reasons, among
others, investors are cautioned not to place undue reliance upon
any forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward-looking statements to
reflect events or circumstances that arise after the date
hereof.
For more information, please contact:
Corporate Investor Relations
X3 Holdings Co., Ltd.
Email: ir@x3holdings.com
Website: www.x3holdings.com
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SOURCE X3 Holdings Co., Ltd.