Vortex Brands Co (OTCMKTS:VTXB) Stock Continues to Gain Momentum

Public company specializing in digital asset mining, Vortex Brands Co (OTCMKTS:VTXB), on May 8, 2023, announcing on doubling the bitcoin mining capacity this year. The move is in response to positive growth witnessed in Bitcoin mining.

As inflation surges, it has become a significant concern for individuals and investors, leading to reduced purchasing power of money. This has resulted in higher interest in digital assets like bitcoin, which have a limited supply and are immune to inflationary pressures.

Trading Data

On Monday, VTXB stock ended flat at $0.0004 with more than 33.03 million shares, compared to its average volume of 31.75 million shares. The stock moved within a range of $0.0003 – 0.0004 after opening trade at $0.0003.

Vortex Brands To Double Its Bitcoin Mining Capacity in Response to Inflation Growth

The company has seen the trend and is actively expanding mining operations for meeting the growing demand for Bitcoin, which will position it as a leading player in the digital asset mining industry.

Todd Higley, CEO of Vortex Brands expressed excitement about opportunities presented by bitcoin mining in the current economic climate. The CEO added that the expansion plans demonstrate confidence in the future of digital assets and the company’s commitment to give robust returns for shareholders.

Bitcoin mining is the process of creating and mining transactions, which is resource intensive and entails much computing power. Vortex Brands would be able to generate more bitcoins and augment revenue streams. The firm’s decision to double mining capacity is in line with the commitment to sustainability and reduce carbon footprint.