Last week we announced our 1st Quarterly Report under new leadership. We highlighted the many milestones we have already achieved along our path to profitability with a new vision and purpose for BFCH. In our Quarterly Report we identified several sources of revenue and how such diversification would provide stability to a sometimes uncertain and volatile market place. Today, the data is in and we are proud to announce our first quarterly earnings. I would like to address each revenue stream individually to illustrate the diversity of our income and what each piece means to our vision to be your one stop shop for Crypto mining services.
ASIC Miner Sales - In the past quarter, BFCH acquired the already profitable ASIC Miner distributor, called ASICMinersUS. During this past quarter, sales have increased 43% year over year but prices have come down substantially year over year. Still we had a very profitable quarter, closing
Hosting - Also part of BFCH is
Telesis IT - This is BFCH’s technical solution provider that will act as our first point of contact and remote support for our hosting facilities. This past quarter Telesis IT brought in approximately
Mining - We also mentioned that we will opportunistically mine cryptocurrency. We feel that it is important that we keep our finger on the pulse of the crypto market we serve, so that we can continue to act as a knowledgeable resource for our customers. It is because of the volatility of this market, that we decided to diversify our revenue stream to provide consistency for our investors, and we are very glad that we did. Q1 2023 has been a tough quarter for mining crypto. Still our mining efforts were able to contribute just over
Onwards and upwards - This new quarter is already looking bright with many very promising ASIC Miner sales poised to close in the coming weeks and recurring revenue expected from the hosting side. With first quarterly revenue approaching
A huge thank you to our supporters ,especially our dedicated staff, none of which are currently pulling a salary. We all believe in what we are doing and agreed to work for equity - Now that’s commitment!
Unlike a young startup looking to go public, we are already public and we are well on our way. Join us and grab a piece of this company as we continue on our path to profitability. Recap Video from our CEO
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https://www.bfchco.com/
https://asicminersus.com/
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Contact- PR@bfchco.com
Forward-Looking Statements
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's respective filings at www.otcmarkets.com.
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