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Vortex Brands Co (OTCMKTS:VTXB) Stock In Focus After Expansion of Bitcoin Mining Operation

Pete Matthews , , , ,

The crypto sector might be going through a tough time but there are crypto mining companies which are still working on expanding their capabilities.

Trading Data

On Tuesday, VTXB stock ended flat at $0.0006 with more than 25.05 million shares, compared to volume of 4.38 million shares. The stock moved within a range of $0.0005 – 0.0009 after opening trade at $0.0007.

Vortex Brands Expands Bitcoin Mining Operation

One such company is Vortex Brands Co (OTCMKTS:VTXB) which was in the news yesterday after it announced that it had bought three fresh units of the Antminer S19j Pro miners. The miners are going to be brought online over the course of the next few weeks and the miners are going to be housed at a mining facility in the state of Texas. The acquisition of these machines would take the mining capacity of Vortex Brands to as much as 2200 TH/s.

The company also noted that it was not going to be the end of its acquisitions since it noted that it was going to work towards the expansion of its Bitcoin mining operations from one month to the next.

This strategy has come about at Vortex Brands since the company would now be able to devote all its resources towards the creation and expansion of its Bitcoin mining operations. The company is looking expand its operations so that it can collect enough Bitcoin tokens prior to the next halving event.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.