Global Care Capital Provides Update on Bitcoin Mining Production and Operations for ASIC Power Company

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VANCOUVER, British Columbia, November 16, 2021 (GLOBE NEWSWIRE) – Global Care Capital Inc. (CSE: HLTH, FRANKFURT: L6V2) (the “Company” or “Global Care”) a committed global investment firm investment opportunities in private and public companies, is pleased to provide an update on its 100% owned holding company, ASIC Power Company (“ASIC Power”).

Monthly BTC production

Month

BTC

May

0.50053818

June

1.07752384

July

1.328772

August

1.32779518

September

1.26365778

October

1.05772017

ASIC Mining Operations Update

ASIC Power currently receives royalty income equal to a hash power of 5.5 PH / s, equivalent to a total mined of 6.55600715 BTC or C $ 537,079.12 using a current market price of 81,921, CA $ 68 per BTC. At this rate, the Company is expected to break even on its investment in less than twelve months with a forecast of three more years of upside. The expected annual income from this investment is estimated to be approximately C $ 1,050,000 based on a current BTC price of C $ 81,921.68.

Taproot leveling

This Sunday, November 14, 2021, the long-awaited Bitcoin soft fork upgrade activated on block 709,632. “Taproot will establish the next phase of innovation in the bitcoin protocol, enabling the potential of smart contracts, increased privacy for certain transactions and reduced costs thanks to Schnorr signatures, “said Daniel Novak, CEO of ASIC Power. Schnorr signatures can be used to combine multiple signatures into one, reducing the amount of data stored on the blockchain, thereby reducing power consumption.

About ASIC Power Company

ASIC gives mining companies access to its innovative cryptocurrency mining streaming contracts and chip pipeline through its partnerships with major hardware producers. He intends to identify low-cost, renewable energy-powered mining operations to implement new financing strategies in the form of royalties and streaming contracts on a global scale.

The story continues

For more information and to subscribe to the ASIC mailing list and follow @asicpower on Twitter.

Website: https://asicpower.com/

About Global Care

Global Care Capital is a global investment company specializing in start-up financing for private and public companies. The Company engages in new early stage investment opportunities in previously underdeveloped assets and obtains positions in early stage investment opportunities that adequately reflect the risk profile.

Website: https://globalcarecapital.com/

GLOBAL CARE CAPITAL INC. :

Company details :

Alex Somjen, President and CEO

604-687-2038

[email protected]

Caution

All information in this press release regarding ASIC Power has been provided by ASIC Power for inclusion here, and the directors and officers of Global Care have relied on ASIC Power for this information.

Forward-looking information: This press release includes certain statements which may be considered “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “,”, intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions upon which forward-looking statements are based are reasonable, forward-looking statements should not be relied upon because the Company cannot guarantee that they will prove to be correct. Because forward-looking statements deal with future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently expected due to a number of factors and risks, including various risk factors discussed in the Company’s disclosure documents which can be viewed under the Company’s profile on www.sedar.com

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