BitFrontier Capital Holdings, Inc. (OTCPK:BFCH) executed a letter of intent to acquire ASIC Miners US from Andrew Gilton on November 18, 2022. As of February 2, 2023, BitFrontier Capital Holdings, Inc. (OTCPK:BFCH) entered into a definitive agreement to acquire ASIC Miners US from Andrew Gilton. The acquisition contemplated by this Agreement and detailed in this Acquisition Agreementshall be a stock-for-membership unit exchange (“Exchange”) which includes preferred stock of BFCH (convertible at a 2:1 ratio equaling 2 shares of Common stock for each share of Preferred stock) distributed to the Existing Members (pro rata based on each such Member's interest in Asic Miners US LLC as of Closing) in exchange for one hundred percent (100%) of the membership units in Asic Miners US LLC. The transaction is expected to close by January, 2023. Andrew Gilton, BFCH's new CEO, has taken a 5-year employment agreement paid in all stock, on a performance/yearly basis to show his dedication and commitment to the future of BitFrontier Capital Holdings Inc. Heading the Board of Directors will be Tom Corker, General Partner of TnT Business Ventures. ASIC Miners generated revenue of approximately $6 million for period ended 2022.

BitFrontier Capital Holdings, Inc. (OTCPK:BFCH) completed the acquisition of ASIC Miners US from Andrew Gilton on February 14, 2023.