UK Bitcoin Entrepreneur Takes Alternative Canadian Hydro Power to Start Business in Vancouver with 500,000 Investment

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Vancouver, British Columbia – (Newsfile Corp. – Aug 27, 2021) – Alex Lineton, CEO of Mine One Blockchain Inc, has ambitions to list his Canadian company on the Toronto Stock Exchange.

UK Bitcoin Entrepreneur Takes Alternative Canadian Hydro Power to Start Business in Vancouver with 500,000 Investment

Alex Lineton, CEO of Mine One Blockchain Inc, has the ambition to list his Canadian company on the Toronto Stock Exchange.

Alex Lineton, CEO of Mine One Blockchain Inc, has the ambition to list his Canadian company on the Toronto Stock Exchange.

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A UK-based entrepreneur has ambitions to launch a Bitcoin business on the Toronto Stock Exchange after investing 500,000 in a Canadian mining company.

Alex Lineton is the UK CEO of Vancouver-based Mine One Blockchain Inc, which has invested a quarter of a million pounds in infrastructure, equipment and hydropower.

Huge growth in Bitcoin mining in the United States is carried out by powerful computers that solve complex mathematical problems of calculation, with miners using increasingly complex machines to speed up mining operations and “mint” “Bitcoins.

But there is a global shortage of Bitcoin miners after China’s mining operations shut down earlier this year.

Canada – which is the world’s fourth largest producer of hydroelectricity – currently has 8% of hydroelectric power reserve capacity.

And with Bitcoin mining requiring huge amounts of energy, Mr. Lineton has acquired carbon-neutral reserve hydropower capacity in Canada to handle a sophisticated Bitcoin mining operation.

He explained, “Mine One Blockchain Inc. is a blockchain infrastructure company, with the aim of demonstrating that cryptocurrency mining can be done on a large scale in an environmentally friendly and sustainable manner.

“Canada is producing all this hydroelectric power, the world has a problem with the closure of Chinese miners, and we need to continue Bitcoin transactions,

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“So we are taking Bitcoin mining, which is in huge global demand, to a place that has a large spare capacity of electricity, to create a carbon neutral hydroelectric mining development in Canada. in order to provide the infrastructure for Bitcoin.

“By using only renewable and carbon neutral energy sources, in combination with next-generation mining platforms, the company has enormous potential and is already growing rapidly.”

With two recent increases in value from the $ 29,000 level on July 20 to a high of nearly $ 48,000 on August 16, Lineton said the combination of Canada’s reserve power capacity and the rising price of Bitcoin had convinced him to target Vancouver.

“There is a fascination with Bitcoin. It’s new but it’s incredibly valuable,” Mr. Lineton said.

Alex Lineton, CEO of Mine One Blockchain Inc, has the ambition to list his Canadian company on the Toronto Stock Exchange.

To view an improved version of this graphic, please visit: https://orders.newsfilecorp.com/files/8274/94770_alex_lineton_47.jpg

“Everyone made the headlines a few years ago and everyone thought Bitcoin had its day. But it has now leveled off as its value has risen rapidly in recent months, and a lot of people don’t realize not, is that Bitcoin will probably be the currency of the future.

“By market value, Bitcoin is one of the top 10 global asset classes. Morgan Stanley, a leading US bank, allows its clients to trade Bitcoin, and it is adopted by El Salvador as a bargaining chip.

“We believe we will see global adoption of Bitcoin over the next five to ten years.”

Mr. Lineton says his confidence in the future success of Mine One Blockchain Inc. is underscored by his significant investment.

“I know an opportunity when I see one,” he added. “Bitcoin is going to be huge, but the world needs to produce more of it.

“American entrepreneurs are currently flocking to Texas to take advantage of its cheap wind power. But we believe Vancouver’s hydroelectric capacity will be the perfect breeding ground for Bitcoin mining.”

Contact: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94770

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