LONDON, KY / ACCESSWIRE / July 18, 2018 / Puissant Industries, Inc. (OTC PINK: PSSS) ("Puissant") (Corporate Website: psss.co), a publicly traded energy rich company that uses its resources to develop or acquire high growth companies in industries where maximum profitability can be generated, is pleased to announce that as of July 1, 2018, its first Cryptocurrency Farm has become fully operational. American Crypto's second Farm is scheduled to begin construction by August 1, 2018. American Crypto began mining on a limited basis on March 1, 2018 and from that date until July 1, 2018, earned $43,500 of revenues in the form of Cryptocurrency coins with a monthly average of $10,875 or $141,375 annually. On July 10, 2018, American Crypto completed the First Farm.
The estimated monthly revenue for the First Farm is $23,000 to $25,000 per month and $276,000 to $300,000 annually based on current cryptocurrency pricing. American Crypto will begin construction of the Second Farm on August 1, 2018. Upon completion of the second Farm, estimated to be completed by September 30, 2018, revenues from the 2 Farms are estimated to double to $50,000 per month or $600,000 annually. Mark Holbrook commented: "We are pleased with progress and expansion of our Cryptocurrency Mining operations by reinvesting our Farm revenue into additional Farms. We look forward to our second Farm becoming fully operational to increase our Cryptocurrency Mining revenues."
About Puissant Industries, Inc.
Puissant Industries is a multifaceted energy company that utilizes energy produced from a variety of energy sources to generate the maximum profitability of its assets. The Company seeks to expand into selective fast growing industries where the benefits of is multiple energy resources can make a significant impact on short and long term growth. This includes American Crypto and other industries under evaluation.
About American Crypto Mining, Inc.
American Crypto Mining, Inc. (a Kentucky corporation) is Puissant Industries' wholly owned subsidiary. Currently constructing and equipping its first Cryptocurrency Mining Farm, American Crypto plans to pursue the construction and operation of multiple farms through revenue reinvestment and excess electrical capacity.
Contact: James Painter, Emerging Markets Consulting LLC (407) 340-0226
Disclaimer:
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the Company's business plan and the information presented above. Cryptocurrency is subject to numerous risks, including price volatility. Readers are cautioned that the revenue projections are based upon current Cryptocurrency pricing and past Cryptocurrency related revenues, and there are no assurances that the pricing may experience material decreases and thereby decrease the Company's revenues. There no assurances whatsoever that the Company will successfully complete the second Farm or be successful in generating the projected revenues. The revenue projections have not been independent verified. Projections are inherently subject to substantial and numerous uncertainties and to a wide variety of significant business, economic and competitive risks. Therefore, the actual results achieved may vary significantly from the revenue projections. No information in this press release should be construed as an indication in any way whatsoever of the future value of the Company's common stock, future revenues or our present or future financial condition. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
SOURCE: Puissant Industries, Inc.
