UnitedCorp Announces Completion of Fourth BlockchainDome - Additional 1,000 Miners Online for a Total of 5,000
13 November 2018 - 3:48PM
InvestorsHub NewsWire
UnitedCorp
Announces Completion of Fourth BlockchainDome -
Additional 1,000 Miners Now Online for a Total of
5,000
First
BlockchainDome Heat Campus now operating at
capacity - plans for second site currently
underway
MIAMI, FL, November
13, 2018
-- InvestorsHub NewsWire -- Miami-based
United American
Corp ("UnitedCorp")
(OTC:
UAMA) is pleased to announce
deployment
of
the
final
1,000 miners in its first BlockhainDomes
Heat
Campus for
a total of
5,000 miners online totaling of 8.5 megawatts of power and
producing of 25 million BTUs
of heat and 60
million cubic feet of hot air displacement per
hour in the four BlockchainDomes.
The Company's
first BlockchainDome Heat Campus is now effectively
operating at capacity.
"It has been only 10 months since we
released the first BlockchainDome white paper and only
8 months
since we
announced the beginning of construction of our first BlockchainDome
Heat Station," stated UnitedCorp
CEO, Benoit Laliberte.
"Now the campus is operating
at capacity and with the technology proven
and the construction and deployment processes fully
developed, we can continue our plans to
expand to a second site. We knew it would be difficult to implement a new technology
in such a short period of time, but our team was up to the
challenge and we had the full confidence of our clients who
supported our vision. I would personally like to thank everybody
who was involved and worked so hard to achieve this great
accomplishment."
UnitedCorp is currently
planning a second BlockchainDome Heat Campus which is expected to
commence construction in early 2019.
UnitedCorp's
technology uses
the heat from mining servers to support greenhouse
agricultural operations through the BlockchainDome Heat Station
system
which keeps greenhouses at 20 to 25+ degrees Celsius year-round. The cost of generating this
heat from a single source is shared between multiple use
cases and this represents a
simple and
more sustainable design solution compared
to other
mining alternatives.
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.
In addition to
heating, the dry heat produced by the
BlockchainDome Heat Station is used year-round in positive pressure
greenhouses to reduce greenhouse mold and
fungus caused by condensation thereby reducing or eliminating the
need for chemicals to treat this problem. This creates conditions
for 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 to 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
Aerial
view of
operating
BlockchainDome and rendering of
adjacent greenhouses
About United
American Corp
Established in 1992, United
American Corp is a Florida-based development and management company
focusing on telecommunications and information technologies. The
company currently holds the rights to manage a portfolio of patents
and proprietary technology in telecommunications, social media and
Blockchain technology, and owns and operates the BlockchainDomes
which are designed to provide heat for agricultural operations
using computer equipment in naturally cooled data centers where
efficiency and low-cost operations are a priority.
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
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