UnitedCorp Announces Completion and Full Deployment of its Second BlockchainDome
20 September 2018 - 3:30PM
InvestorsHub NewsWire
UnitedCorp Announces
Completion and Full Deployment of its
Second BlockchainDome
1,500
Additional Miners now in Service for a Total of 2,500
MIAMI, FL --
September
20, 2018 -- InvestorsHub NewsWire --
Miami-based United American Corp
("UnitedCorp")
(OTC:
UAMA) is pleased to announce the
completion of its second BlockchainDome and the full commissioning
of 1,500 additional miners for a total of 2,500 miners (3.8 megawatts)
now in
service in two
BlockchainDomes. Pre-installation of 1.5
megawatts of electrical service for adjacent greenhouses
heated by
the
BlockchainDomes
is now also
complete.
The latest BlockchainDome
incorporates a number of improvements in
construction and deployment from the first dome which includes mass
pre-fabrication of a number of dome components and
in-house
CNC manufacturing of the mining rig docking stations. Construction
logistics have also been refined to include
pre-installation
of
foundations and
utilities for future domes resulting in overall lower construction
costs and shorter construction timelines.
"We have taken everything we
have learned from the construction of the first BlockchainDome and
used this knowledge to make the implementation of
this
subsequent BlockchainDomes faster, cheaper
and of better quality," stated
UnitedCorp CEO Benoit Laliberte. "Along with the generation of
heat from the BlockchainDomes for agricultural purposes, our goal
remains to be the low cost and environmentally
sustainable standard for the industry."
UnitedCorp's technology uses
the heat from cryptocurrency mining to support greenhouse
agricultural operations through the BlockchainDome Heat Station
system
which keeps greenhouses at 20oC year-round. This represents a
simple design solution compared to various alternatives whereby the
cost of generating this heat from a single source is shared between
multiple use cases.
Commercial greenhouses in
cooler climates like in the Province of Quebec typically require a
significant amount of thermal energy to supplement daytime solar
energy, particularly during the period of September to
May, and many older greenhouses
utilize inefficient heating systems for this purpose. The dry heat
produced by the BlockchainDome Heat Station is also used in the summer to reduce
greenhouse mold and fungus caused by condensation thereby reducing
or eliminating the need for chemicals to treat this problem and
creating a more organic growth environment.
UnitedCorp believes this
"Heat Campus" approach for heat generation and utilization is the
future for agriculture
and any other
industry
that can make use of low-cost heat with the ultimate goal being
to get as close
zero waste as possible. This is not only good
economically but allows businesses to "green"
their operations by significantly reducing the amount of
electricity the combined operations require from the
grid.
How BlockchainDomes work can
be seen at: https://www.youtube.com/watch?v=YDmhhaJKHLg
UnitedCorp's
Second BlockchainDome
About United
American Corp
Established in 1992, United
American Corp is a Florida-based development and management company
focusing on telecommunications technologies. The company currently
holds the rights to manage a portfolio of patents and proprietary
technology in telecommunications, social media and more recently in
Blockchain PSTN technology.
The UnitedCorp BlockchainDome
was designed to provide heat for
agricultural operations using ASIC (application-specific
integrated circuit chip) mining operations where efficiency and
low-cost operations are a
priority. The BlockchainDomes, which utilize a
proprietary passive cooling
ground-coupled heat-exchanger technology, are particularly suited for
situations where rapid cluster deployment is required as they can
be erected and commissioned in a matter of weeks rather than up to
a year using the traditional "Bricks and Mortar"
approach. BlockchainDomes can be
configured in a wide range of sizes to service any type of
greenhouse operation.
This news release
contains forward-looking statements that are subject to various
risks and uncertainties. The Company's actual results could differ
materially from those anticipated in such forward-looking
statements as a result of numerous factors that may be beyond the
Company's control. Forward-looking statements are based on the
expectations and opinions of the Company's management on the date
the statements are made, and the Company assumes no obligation to
update forward-looking statements should circumstances in
management's expectations or opinions change.
Source:
United American
Corp
Contact:
Jenna Trevor-Deutsch
Investor Relations
investorrelations@unitedcorp.com
604 398 5000 ext: 109
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