Codebase Ventures Inc. said its bit mining infrastructure has generated 2.9BTC (Bitcoin) as of October 21, 2021.
The company said it is seeking further investments in the space.
READ: Codebase Ventures closes its non-brokered private placement, raising more than C$772K
Codebase said its bit mining highlights include:
- Unaudited revenue from mining operations to date of C$142,210 with facility operating costs of C$68,306
- Currently holding 2.908BTC with a market value of C$238,288
The company said it has continued to bring its bit mining infrastructure online while also streamlining operations to maximize BTC revenue generation.
In addition to the generation of Bitcoin, Codebase noted that it has seen an appreciation of BTC's price since it began the bit mining operation, from about US$33,500 in July to about US$66,700 as of today.
As previously noted, Codebase remains confident in its long-term thesis surrounding Bitcoin and the continued disruption that blockchain technology will have on the world in the coming years as the company seeks further investments.
Vancouver-based Codebase looks for early-stage investments in emerging technology sectors, including the blockchain ecosystem and fintech. The company identifies such opportunities and applies its relationships and capital to advance its interests.
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