SINGAPORE, Feb. 28,
2024 /PRNewswire/ -- X3 Holdings Co., Ltd. (Nasdaq:
XTKG) ("X3 Holdings" or the "Company"), a global provider of
digital solutions and technology services spanning diverse
industries, is pleased to announce the signing of a term sheet for
multi-year purchase agreements with a leading supplier of
bitcoin mining equipment.
X3 Holdings will purchase the next generation of Avalon
bitcoin miners in tranches, using a combination of
cash and vendor credits. A total of 30,000 bitcoin
miners are projected to be purchased by 2026. These miners will be
strategically deployed at the Company's globally diversified
hosting sites powered by renewable energy sources.
The next generation of Avalon bitcoin miners is
known for their extraordinary energy efficiency and superior
performance metrics, with industry-leading hashing power and energy
efficiency. Introduced since 2013, Avalon miners have continually
expanded their energy efficiency and hashing capability, with
growing adoption by mining entities worldwide.
Stewart Lor, CEO of X3 Holdings,
expressed his confidence: "This agreement with our strategic
partner ensures that we have a stable supply of top-tiered mining
equipment, which is extremely crucial in expanding our miner fleet.
I am confident that our cryptomining business will substantially
drive our overall future growth."
About X3 Holdings
X3 Holdings Co., Ltd. (Nasdaq: XTKG) is a global provider of
digital solutions and technology services spanning diverse
industries. The Company is operating across diversified business
segments in digital technologies, cryptomining operations,
renewable energy and agriculture technologies. X3 Holdings is
headquartered in Singapore with
subsidiaries and operations globally. For additional information,
please visit www.x3holdings.com.
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements; specifically, the Company's statements
regarding listing on the NASDAQ Capital Market and the IPO are
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; product and service demand and acceptance;
changes in technology; economic conditions; reputation and brand;
the impact of competition and pricing; government regulations;
fluctuations in general economic and business conditions in the
markets that the Company operates and assumptions underlying or
related to any of the foregoing and other risks contained in
reports filed by the Company with the SEC. For these reasons, among
others, investors are cautioned not to place undue reliance upon
any forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward-looking statements to
reflect events or circumstances that arise after the date
hereof.
For more information, please contact:
Corporate Investor Relations
X3 Holdings Co., Ltd.
Email: ir@x3holdings.com
Website: www.x3holdings.com
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SOURCE X3 Holdings Co., Ltd.