CHENGDU, China, Aug. 12, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- BHPA, Inc. (OTCMKTS: BHPA) ("BHPA" or the "Company"), an emerging leader in the cryptocurrency cloud mining marketplace, issues the following letter to Shareholders from the CEO:
Dear Valued Shareholder,
I want to start off by taking a moment to thank our most loyal and committed shareholders. The Cryptocurrency space has been through a deep retrenchment over the past 18 months. But we are finally beginning to see a great deal of light at the end of the tunnel and a lot of new green shoots popping up out of some very fertile soil.
Today, I want to lay out our plan for capitalizing on this opportunity over coming quarters because we have some very exciting steps both in front of us and already underway.
First off, it's important to appreciate our core strategic value proposition. BHPA does not seek to speculate on the fluctuations that drive so much interest in the cryptocurrency marketplace. But we do seek to profit from the millions of people, both private entrepreneurs and large firms, that do, particularly when it comes to hashing out mining gains for large and popular coins such as Bitcoin.
We bring to the table a strong profile of cloud hash power and big-data processing that we are leveraging to form an SaaS platform resource designed to eliminate the need for verticality in an industry that makes no sense as a vertically oriented pursuit.
In other words, to profit as a cryptocurrency miner, you really don't need to have a giant warehouse in northern Norway filled with thousands of machines. The ecosystem doesn't need to be shaped that way. We are committed to disrupting that model and proving that there is a net uptick in overall efficiency for all parties when the niche of "SaaS cloud platform" is inserted into the food chain.
Because we are providing a service for miners, rather than acting as a miner, our results should be far less volatile than those of a miner now that we have seen a strong recovery in Bitcoin prices.
According to our analysis, the most efficient mining operations are profitable above $5,000/Bitcoin at this stage, while far less efficient miners are profitable above $8,000.
With Bitcoin now well above $10,000, we expect a sustained growth in mining interest, forming a highly productive context for our overall market strategy.
Warmest Regards, Wenjie Wu, CEO
BHPA, Inc. (OTCMKTS: BHPA) (“BHPA” or the “Company”), an emerging leader in the cryptocurrency cloud mining marketplace, is excited to announce that it has been approved by the Financial Industry Regulatory Authority to trade under the ticker “BHPA” OTC Markets Group (the “OTC”), as of July 8, 2019. Investors can find current disclosure for the company on www.otcmarkets.com
“We are excited to be quoted on the OTC and to be trading under a stock symbol that helps to support a cohesive and coherent identity for current and prospective investors,” commented Wenjie Wu, CEO of BHPA. “The U.S. capital markets are the deepest and most liquid in the world. And we have technology that could meet a vast need as cryptocurrency mining continues to gain traction as a core application of computing resources around the world. We believe that creates a win-win scenario that will help us succeed on behalf of our investors, past, present, and future.”
OTC is one of the largest financial market service providers in the world today, with a history spanning more than a century and over 10,000 listings stretching across the globe. About 75% of total securities trading volume in the US happens on the OTC. Management believes that this offers the Company access to a diverse and deep investment capital pool, which should help it achieve major milestones and drive shareholder value.
The Company is also excited to announce that it has partnered with the EHC Branding Agency to assist with brand development and a range of communications objectives as the Company sets out to execute on its core operational goals in the quarters ahead.
“It is more important than ever to have the proper strategy in place to cultivate a strong identity and narrative in the marketplace during this critical stage.
To help us navigate this transition and maximize the commercial opportunity in front of us, we have partnered with the exceptional team at EHC to assist us with our social media, corporate communications, product branding, digital media, and web presence strategies.”