HUNTINGTON BEACH, CA, Aug. 15, 2022 (GLOBE NEWSWIRE) — Nate’s Food Co. (OTC: NHMD), a growing leader in the development and distribution of unique food products, is pleased to announce that it has purchased additional S19j Pro (100 TH/S) machines for its bitcoin mining operation. These new devices are already installed and mining bitcoin.
The company’s mining capacity has already increased by more than 50% after installation.
Nate Steck, CEO of Nate’s Food, commented: “We are pleased to announce the completion of the acquisition of new bitcoin miners. The company is focused on expanding its bitcoin mining operations in terms of both volume and efficiency. The first phase of this strategic initiative has already begun and we look forward to building on this momentum and adding more miners to our portfolio to reach our earnings target for this operational division.I look forward to updating shareholders on our progress and the next acquisition of bitcoin -mining equipment soon.
About Nate’s Food Co.
The company operates two divisions: (1) Food Development and Distribution and (2) Bitcoin Mining. The company’s focus is the development of food products for distribution in wholesale member stores and to grocery stores. The company is currently selling Sh’Mallow as the company also operates a bitcoin mining division to hedge against inflation.
Further information is available by visiting the company’s website at or on Twitter at https://twitter.com/natesfoodco.
Income-related calculations. Please note that the Company believes that all revenue-related calculations are accurate and based on factual information, no assurance can be given that the Company will be able to achieve all projections due to a variety of business-related factors.
Forward-looking statements
Certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company’s business and any of its products, services or solutions. The words “believe”, “forecast”, “project”, “intend”, “expect”, “plan”, “should”, “would” and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, which may cause the company not to achieve any or all of its objectives or the company’s previously reported actual results, performance (financial or operational) to change or deviate from future results , performance (financing and operations) or achievements, including those expressed or implied by such forward-looking statements. More detailed information about the company and the risk factors that may affect the realization of forward-looking statements is set out in the company’s filings with the SEC, copies of which can be obtained from the SEC’s website at www.sec.gov. The company undertakes no, and hereby disclaims, any obligation to update the forward-looking statements in this press release.
For more information:
Nate’s Food Co.
Email: [email protected]
Telephone: (949) 341-1834
PR:
EDM Media, LLC
