Arbitrade, Ltd. Announces Purchase of 838 Mining Rigs Each Running 12 Powercolor/TUL RX Vega 56 Nano GPUs

October 23, 2018 10:09 ET | Source: Creative Management Partners LLC

CEO Len Schutzman reaffirms through their Agency of Record Creative Management Partners LLC, Beverly Hills CA

HAMILTON, BERMUDA and BEVERLY HILLS, CA, Oct. 23, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Announced today via its Agency of Record for Traditional and Non-Traditional Media, Creative Management Partners LLC (CMP), Arbitrade Ltd. today announced that it has purchased 838 mining rigs each running 12 Powercolor/TUL RX Vega 56 Nano graphics processing units (“GPUs”), which will be used in mining a wide variety of cryptocurrencies. CoinMiner, the world’s preeminent cryptocurrency mining advisory firm will install, operate and maintain these GPUs along with Arbitrade’s existing fleet of 7812 ASIC mining units under its strategic partnership with Arbitrade.

Commenting on the mining hardware purchase, Arbitrade’s CEO Len Schutzman said, “We are excited to have the opportunity to purchase these RX Vega 56 Nano GPUs. We remain steadfastly committed to continuously growing our mining operations using only the most advanced hardware and software to stay on the forefront of the crypto mining industry.”

Hayden Gill, CoinMiner’s founder and CEO, and a leading cryptocurrency mining veteran said, “As the lead mining consultant and advisor to the Arbitrade team, I can confirm the mining project continues to ramp up to be the most secure and innovative global mining operation. These Vega 56 Nano GPUs will provide more flexibility in the mineable coins we have access to as well as other compute needs GPU processors can offer such as rendering and other AI related solutions. The commitment by the Arbitrade executives to purchasing the necessary hardware and building proper mining infrastructure will ensure Arbitrade’s mining operation is one of the best and most forward thinking in the world.”

These GPUs will be located at one of Arbitrade’s new colocation facilities in Atlanta, Georgia, New York State, or Canada.  Currently, the company’s 7812 mining rigs all support its Dignity (“DIG” on Livecoin.net) token, as well as Arbitrade’s several other tokens.

About Arbitrade, Ltd.

Arbitrade is an all-in-one global decentralized cryptocurrency exchange and point-of-sale ecosystem. Through its proprietary software and strategic partnerships, Arbitrade plans to be in all segments of the cryptocurrency business, including currency mining, trading (The ARBITRADE Exchange), gift cards, debit cards, money transfer and Point of Sale processing.

About CoinMiner

CoinMiner is a professional mining operation, founded in 2013 by a team of experts specializing in the use of cryptocurrencies. The company’s focus on enabling individuals and businesses to pursue mining and e-commerce-related activities within this space is part of an overall effort to streamline this entire process. Acclaimed by colleagues and media (CNN included) alike, CoinMiner is a global leader for the good of merchants, entrepreneurs and established corporations.

ABOUT ARBITRADE LTD. CORPORATE POLICY FOR COMMUNICATIONS:

Arbitrade Ltd. further announced their Corporate Policy for Communications by Chairman Schutzman:

Traditional and Non-Traditional Media, excluding Investor Relations will be under the engagement of Creative Management Partners LLC and it’s CEO Alan Morell.

Questions from “Coin Holders” are under the counsel of Stephen Braverman.

Questions from Security or Cypto Industry Advisory Firms are under the counsel of John MacNeil.

For More Information:

https://arbitrade.io/

www.creativemanagementpartners.com



Stephen Braverman

Stephen.B@Arbitrade.IO

Chief Operating Officer,

ArbitradeBermuda Exchange

Arbitrade Ltd.

Hamilton, Bermuda


Arbitrade Ltd. Agency of Record:

Creative Management Partners LLC

433 North Camden Dr., 6thFloor

Beverly Hills, Ca. 90210

508-292-7900




https://globenewswire.com/news-release/2018/10/23/1625623/0/en/Arbitrade-Ltd-Announces-Purchase-of-838-Mining-Rigs-Each-Running-12-Powercolor-TUL-RX-Vega-56-Nano-GPUs.html