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Codebase Ventures Inc.: Code Amends Agreement for Certainty on Timing for Bit Mining Rigs
In Response to Industry Wide Supply Challenges, Code Secures New, More Efficient Bit Mining Infrastructure for Long Term Revenue Generation
VANCOUVER, BC / ACCESSWIRE / May 6, 2021 / Codebase Ventures Inc. ( Codebase or the Company ) (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) is pleased to announce that in the face of industry wide supply delays, the Company has amended its agreement for its previously announced bit mining infrastructure, providing certainty on timing, as well as greater profitability with the same number of rigs. We have been working extensively with our supplier in the face of industry wide delays resulting from high demand, and now have amended the agreement signed earlier this year to secure the initial rigs for delivery to the hosting facility within 60 days, said Mr. George Tsafalas, Codebase President and CEO.
Codebase Ventures Inc.: Codebase Acquires 50% Stake in NFT Startup InstaCoin
New, London U.K. Based Firm Establishing World Leading Self-Serve Social NFT Platform
VANCOUVER, BC / ACCESSWIRE / April 6, 2021 / Codebase Ventures Inc. ( Codebase or the Company ) (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) is pleased to announce that the Company has invested in InstaCoin, a UK based NFT (non-fungible token) startup. Codebase s investment of £100,000 equates to a 50% share of the new London based NFT firm InstaCoin. Code has worked with the principals behind InstaCoin through our existing TRAD3R investment and we continue to be very excited by their innovative approach within the blockchain ecosystem, said Mr. George Tsafalas, Codebase President and CEO. Our existing relationship put us in a position to seize this opportunity, which allows Code to establish a 50% equity position at an early stage of the venture that aims to democratize NFT s rather than focus primarily on multi-million doll