ePIC Blockchain Technologies on the forefront of a breakthrough in chip design specifically for bitcoin mining
VANCOUVER, BC, CANADA (January 4, 2018) – 360 Blockchain Inc. ("360" or the "Company") (CSE: CODE – FWB: C5B – OTC: BKLLF) continues to execute on its business plan to deploy its capital and expertise in blockchain technologies by initially investing $100,000 into ePIC Blockchain Technologies Inc. (ePIC).
ePIC’s mission is to deliver best-in-class blockchain processing hardware. Its primary focus is to design scalable, highly energy efficient crypto currency mining tools and infrastructure. Recognizing that crypto-currency miners are repurposing chips not designed to process for crypto-currency, and that those chips are globally sold out as soon as they are available for pre-order, ePIC ‘s first generation chip is being specifically designed for bitcoin mining and targeted for private beta in Q2 2018 with general availability by Q4 2018.
“360 Blockchain Inc. has invested $100,000 in ePIC to accelerate the development of ePIC’s purpose-built cryptocurrency mining chip,” said Mr. George Tsafalas, President and CEO of 360 . “ePIC has a defined focus that resonates strongly with our team. The infrastructure required to mine cryptocurrencies represents a massive business opportunity and we are focused on finding start-up technologies that can empower the blockchain revolution and deliver significant results to our shareholders,” added Mr. Tsafalas.
“With support from companies like 360 , ePIC will be able to accelerate the development of our first-generation bitcoin mining chip,” said Mr. Scott Howard, CEO of ePIC Blockchain Technologies. “The growth of bitcoin is driving the cottage mining industry into commercial scale operations. With a block being hashed roughly every 10 minutes, the only advantage available is the ability to place more processing power on the network and chips are the processing power source. Crypto miners need dedicated chip producers that are not competing with their clients by mining in parallel and that is what ePIC intends to deliver to its partners like 360,” noted Mr. Howard.
About ePIC Blockchain Technologies Inc.
ePic is committed to being the global best-in-class blockchain ASIC design house; developing the critical hardware to drive the expansion of decentralized computing and blockchain protocols. With market leading client services, an independent and non-competitive business model, ePIC is positioned to create client success. Launching its first-generation Bitcoin ASIC in 2018 at two times the current market standard hashing power, ePIC is poised to be a core partner to the crypto-currency mining industry.
For further information, please contact:
CEO, ePIC Blockchain Technologies Inc.
About Codebase Ventures Inc.
Codebase Ventures Inc. seeks early-stage investments in sectors that have significant upside. We seek innovators who are establishing tomorrow’s standards. We support those innovators and help take their ideas to market.
For further information, please contact:
George Tsafalas - Ivy Lu
Telephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.