EAGLE, ID / ACCESSWIRE / July 6, 2021 / TRON Group, Inc. (OTC PINK:TGRP), a global holding company specializing in technology investments, announced today the acquisition of American Crypto Systems, Inc., a profitable cryptocurrency mining operation based in the Boise valley, Idaho. TRON has the immediate intention of preparing upgrades to the facility in order to increase capacity for the operation. In addition to cryptocurrency mining, American Crypto Mining's data scientists also develop core technologies in the fields of:
- block chain data mining,
- distributed computing,
- distributed database management, and the
- detection of mining pool management failure
This internal research has proved successful through software developments in data acquisition, data mining, encrypted data bookkeeping, and encrypted data acquisition. It is the anticipation of TRON Group management that continued research will open new revenue markets for the Company in fields such as:
- More efficient and profitable hosting services for other crypto-mining companies,
- Offering encrypted digital safe boxes for digital wallets, and
- Digital bookkeeping services and the licensing thereof for the mining of virtual currencies
American Crypto Mining is located in Idaho, in the northwest of the United States bordering Canada. With its suitable climate condition, abundant and relatively inexpensive electrical power resources, open market economic system, and tax advantages, TRON Group made the decision that the region was a suitable location for running a data mining company. The Idaho facility has 6,000 square feet of warehouse space; American Crypto Mining currently runs 200 machines and seeks to quickly move to maximize current capacity of up to 500 mining rigs.
About TRON Group Inc.
TRON Group Inc. is a holding company acquiring operating companies and assets in growing industries. The company's intent is to grow them by providing management and technical support under its public company umbrella.
For further information:
Contact: info@tron-group.com
Phone: (310) 450-9100
Jacob Nguyen, CEO
Forward-Looking Statements:
Legal Notice Regarding Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, and the possible inability to maintain qualified employees or consultants.
SOURCE: TRON Group, Inc.
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