Tulsa, OK – 
(NewMediaWire) – October 28, 2021 – AppSwarm, Corp. (OTC: SWRM), a software development company and aggregator of mobile
applications, announces initial purchase of ASIC mining rigs for its crypto
mining operations.
The Company
announces the initial purchase of Scrypt ASIC miner rigs that are designed for
the purpose of mining Litecoin and Dogecoin. Scrypt is less complex than
SHA-256, which makes mining Litecoin and Dogecoin much faster and less
energy-intensive.
The Company
expects delivery of its initial rigs in early to mid-November, which will then
be deployed and scaled up with additional ASIC rigs by the end of the fourth
quarter.
Bitcoin
Mining Rigs
The Company
is also in the process of reviewing initial purchase orders for Bitmain
Antminer and other rigs for its Bitcoin mining operations. Data Syndicate will
assist us in reviewing initial details such as hash rates, rig costs, and
energy consumption so we can quickly deploy rigs into operation while building
a framework for scalability.
The goal is
to focus our initial Bitcoin mining operations at co-location hosting
facilities within the Tulsa region to expedite deployment without needing to
outlay capital for infrastructure build-out costs.
A more
detailed roadmap and investor presentation on our crypto mining operations will
be released shortly.
Register for updates on the project at https://tulsalabs.io/investors/
About
APPSWARM
AppSwarm is
a technology company specializing in accelerated development and publishing of
mobile apps and other software platforms for gaming and business applications
and seeks to acquire symmetric business opportunities. AppSwarm partners with
and assists other development firms in technology development, business
management, and funding needs.
For more
information, visit us at www.app-swarm.com or follow us on www.facebook.com/AppSwarm Twitter https://twitter.com/AppSwarm or Instagram https://www.instagram.com/appswarm/
“LEGAL
DISCLAIMER”
AppSwarm
and its affiliate labs are strictly research firms focused on the development
of blockchain applications, and in no way is involved with the buying, selling,
or issuance of any cryptocurrencies, or investment advice.
Forward-Looking
Statements:
“Safe
Harbor” statement under the Private Securities Litigation Reform Act of
1995: This press release may contain forward-looking statements that are
subject to risk and uncertainties including, but not limited to, the impact of
competitive products, product demand, market acceptance risks, fluctuations in
operating results, political risk, and other risks detailed from time to time
in the Company’s filings with OTCMarkets.com and as required to the Securities
and Exchange Commission. These risks could cause SWRM’s actual results to
differ materially from those expressed in any forward-looking statements made
by, or on behalf of, the Company.
Investor
and Media Contacts:
AppSwarm,
Corp.
888-886-8583
info@app-swarm.com
