American Premium Mining Corp. Acquires CloudX, Advances in Crypto Mining Plans
American Premium Mining Corporation (OTC: HIPH) (“APM”), a crypto mining and staking digital asset management company, announced its plans to acquire CloudXchange DataCentre Inc. (“CloudX”), a holding company primarily engaging with the cryptocurrency industry. APM has completed the first phase of its mining rig installations in Singapore.
This installation involved the combination of several mining rigs, including Innosilicon A11 crypto mining rigs, mining Ethereum (“ETH”), Bitmain Antminer L7 crypto mining rigs, mining Litecoin (“LTC”) and Dogecoin (“DOGE”), and Goldshell KD6 crypto mining rigs, mining Kedana (“KDA”).
The second phase of this crypto mining acquisition plan will involve Bitmain S19J Pro crypto mining rigs, mining Bitcoins (“BTC”); a top mining equipment provider known for high-quality products. The acquisition of CloudX as a whole is expected to bring APM $1.5 Million in revenue in just a year.
APM’s CEO Ryan Fishoff expects the acquisition of CloudX to be “transformative.” The company recently underwent a name change, previously being known as American Premium Water Corporation. The new name reflects the company’s shift to becoming solely focused on crypto mining and its intention to become an industry leader.
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