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Skychain Subsidiary Reaches Agreement to Sell Cryptocurrency Miners

Skychain Technologies Inc. announces today that its wholly-owned subsidiary MiningSky Technologies has reached an agreement with a cryptocurrency mining design and manufacturing company on a partnership aimed at providing SkyChain brand ASIC cryptocurrency mining machines . With this partnership, SkyChain will be able to expand its operations and offer products to commercial customers.After allocating many resources .

Skychain Technologies Moving into the Rapidly-Growing Edge Computing Sector

Skychain Technologies Moving into the Rapidly-Growing Edge Computing Sector Skychain Technologies Inc. announces preparations to expand its data centre services to provide Edge computing for cloud gaming and other high-data applications such as rendering for film and animation. Edge computing, considered the future of enterprise data processing, allows internet consumers to use more connected applications and devices with minimal latencylag time and network congestion. By using the …  Skychain Technologies Inc. (TSXV: SCT) announces preparations to expand its data centre services to provide Edge computing for cloud gaming and other high-data applications such as rendering for film and animation. Edge computing, considered the future of enterprise data processing, allows internet consumers to use more connected applications and devices with minimal latencylag time and network congestion. By using the network’s “edge” (the geographical location where servers deliver function

Private Placement and SkyChain Update

SkyChain Technologies Inc. (TSXV: SCT) announces a 1,315,800 common shares private placement financing offering at a price of $0.95 per share. SkyChain Technologies Inc. (TSXV:SCT) announces a 1,315,800 common shares private placement financing offering at a price of $0.95 per share. The company plans to close a first tranche of 265,000 shares by February 10, 2021 for gross proceeds of $251,750. The remaining tranche of 1,050,800 shares for gross proceeds of $998,260, is expected to close on or before February 25, 2021. The funds will be used to upgrade the company’s 20MW crypto hosting facility in Sherbrooke Quebec to 23MW and for general working capital, and the placement will serve to meet a requirement for $1 million in equity to qualify for additional debt funding to meet the closing conditions of the Quebec facility. SkyChain will also continue its R&D effort to develop industry-leading technology for crypto mining equipment.

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