Global Care Portfolio Company, ASIC Power Company Receives Second Payment From Its First Royalty Streaming Deal
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VANCOUVER, British Columbia, Aug. 10, 2021 (GLOBE NEWSWIRE) — Global Care Capital Inc. (CSE: HLTH, FRANKFURT: L6V2) (the “Company” or “Global Care”) a global investment company which engages in early-stage investment opportunities in private and public companies, is pleased to provide an update for its 100% owned portfolio company, ASIC Power Company (“ASIC”). Further to the press release dated July 21st, 2021, ASIC received its second royalty streaming payment for the period from July 17th until August 2nd, 2021, receiving 0.71004 Bitcoin (“BTC”) equating to approximately CDN $38,780 with a current BTC price of $54,618.04 CAD per BTC as of August 9th, 2021. Average daily revenue for ASIC’s second royalty payment increased by 23% due to a decrease in network complexity and efficient operation of our ASIC machines. At the current price and mining level, the Company expects to break even within less than a year. The BTC will be liquidated to FIAT. ASIC is currently looking at expanding its royalty portfolio with additional royalty streams to be able to generate a stable diversified income stream from multiple cryptocurrency miners to offer investors a more attractive risk profile and yield.
About ASIC Power Company
ASIC gives mining companies access to its innovative cryptocurrency mining streaming contracts and chip pipeline through its partnerships with leading hardware producers. It intends to identify low cost, renewably powered mining operations to implement new financing strategies in the form of royalties and streaming contracts globally.
For more information and to register to ASIC’s mailing list and follow @asicpower on Twitter.
Website: https://asicpower.com/
About Global Care
Global Care Capital is a global investment company which specializes in providing early-stage financing to private and public companies. The Company engages in new, early-stage investment opportunities in previously underdeveloped assets and obtaining positions in early-stage investment opportunities that adequately reflect the risk profile.
Website: https://globalcarecapital.com/
GLOBAL CARE CAPITAL INC.:
Company Contact:
Stephen Otter, Strategic Advisor
604-687-2038
Cautionary Note
All information contained in this news release with respect to ASIC was supplied by ASIC for inclusion herein, and Global Care’s directors and officers have relied on ASIC for such information.
Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com
