- Global Care Capital (HLTH) has acquired CCM Technologies, a digital asset technology company with a focus on mining and infrastructure
- Global Care issued 94,170,001 common shares to CCM shareholders at C$0.11 per share
- The transaction is scheduled to close on October 3rd, 2021
- CCM’s 975 total miners, to be hosted with Compute North, are composed of 195 Whatsminer M30S and 780 Antminer S19J Pro
- The miners will add a total of 100 PH/s to Global Care’s hash rate
- Global Care Capital specializes in early-stage financing to private and public companies
- Global Care Capital (HLTH) is down by 9.52 per cent and is currently trading at $0.095 per share
Global Care Capital (HLTH) has acquired CCM Technologies, a digital asset technology company with a focus on mining and infrastructure.
Global Care issued 94,170,001 common shares to CCM shareholders at C$0.11 per share.
It also issued CCM warrant holders 65,000,000 common share purchase warrants. Each warrant permits the holder to acquire one Global Care common share for $0.05 until March 1, 2023.
The transaction is scheduled to close on October 3rd, 2021.
CCM mines for cryptocurrency with state-of-the-art ASIC chips. It will be hosting its miners with Compute North, a leader in digital infrastructure and blockchain hosting services in the U.S.
CCM’s 975 total miners are composed of 195 Whatsminer M30S and 780 Antminer S19J Pro. The miners produce either 93 or 105 TH/s dependent on the model, adding a total of 100 PH/s to Global Care’s hash rate.
CCM will install the S19J Pro miners beginning in August in increments of 65 units per month until Q2 2022. It will install the 195 Whatsminer M30S miners in October 2021.
Global Care’s goal with the acquisition is to provide shareholders with further exposure to cryptocurrency mining infrastructure, which is the backbone and cornerstone of blockchain technology.
Lawrence Cofield, CCM’s CEO, commented,
“CCM Technologies is very proud to be joining Global Care at such an exciting time for blockchain technologies. 100 PH/s is a good foothold in the industry. The firmware will be fine-tuned to maximize the hash rate potential of each ASIC miner procured from the two top manufacturers of ASIC miners in the world. We will also endeavor to use an intelligent ‘fleet management’ software to try to ensure the miners are earning the most profitable coin it can mine at the time based on network difficulty.”
Global Care Capital specializes in early-stage financing to private and public companies.
Global Care Capital (HLTH) is down by 9.52 per cent and is currently trading at $0.095 per share as of 1:33 pm ET.
