WRIT Media Group, Inc. Launches Pelecoin Cryptocurrency Mining Operation, Pelecoin Mining Factory Ltd
February 09, 2018 at 07:27 pm IST
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WRIT Media Group, Inc. announced the formation and launch of a wholly-owned cryptocurrency mining and hosting operation called Pelecoin Mining Factory Ltd. PMF will develop and offer Pelecoin crypto coin mining hardware solutions, and will lease, build and operate cryptocurrency mining datacenters. Pelecoin Mining Factory is currently exploring datacenter locations that take advantage of cheap and clean electricity. Pelecoin Mining Factory expects to begin operating its pilot cryptocurrency mining facilities this month in Washington State and two other east coast locations. PLCN Mining Factory is already offering PLCN Miners with equipment sourced and assembled by technology professionals who have been engaged by the company. These professionals are system architects who have extensive experience in creating and assembling computer equipment, and have created a custom tailored hardware solution to run Pelecoin mining software. Pelecoin Mining Factory is providing hosting services for a limited amount of equipment from third-parties, and expects this to be a growth area for the company. In addition to enhancing the features of its Pelecoin technology, WRIT Media Group is investing in client acquisition across all businesses and geographies that will benefit from its Pelecoin platform, including large, established organizations as well as emerging growth companies. As a result, WRIT Media intends to accelerate growth by adding new business lines, new clients and expanding the digital currency "mining" capabilities of existing clients, as well as develop new revenue models for business growth.
WRIT Media Group, Inc. is a diversified company. The Companyâs operations include blockchain software solutions, crypto-currency power solutions, content production and distribution, and video game and NFT sales and distribution via mobile platforms. The Company provides software development and crypto-mining power solutions. The Companyâs subsidiaries include Front Row Networks, Inc., Amiga Games, Inc., Retro Infinity, Inc., Bison Oil & Gas Corporation and Bison Crypto Power Corporation. Front Row Networks, Inc. is a content creation company, which produces, acquires, and distributes live concerts in three-dimensions (3D) for initial worldwide digital broadcast to digitally enabled movie theaters, TV and mobile streaming providers. Amiga Games Inc. is engaged in licensing classic pre-Windows computer game libraries and adapting and republishing the titles for smartphones, modern game consoles, PCs, tablets, NFTs and other television streaming devices.