VANCOUVER, Jan. 24, 2018 /CNW/ – HashChain Technology Inc. (TSXV: KASH)  (“HashChain” or the “Company“) today announced the arrival of 770 mining Rigs (“Rigs”) from China. Upon expected January 2018 deployment, the Company will operate a total of 1.23 megawatts.

HashChain committed to a new 20-megawatt mining facility in Montana, USA, along with a separate purchase order of 5,000 Rigs with its supplier of which 3,000 Rigs have now been paid for. The 5,000 Rigs are expected to be received in multiple shipments between February and May of this year. Upon installation of all purchased rigs, including the 5,000 Rigs, the 770 Rigs, and currently operational 100 Rigs in their Vancouver location, HashChain will be mining with approximately 8.7 megawatts of power in total.

“The receipt of the 770 Rigs is another step to scaling our mining operations,” said Patrick Gray, CEO and Founder of HashChain. “With an anticipated 8.7 megawatts of computing power devoted to mining by the middle of 2018, with low overhead thanks to facilities in North Americawith ideal mining conditions. Increasing the number of Rigs deployed, and the corresponding computing power, is a sharp focus of the Company and generates a significant value to our shareholders.”

A “Rig” is a high-performance computer system used for cryptocurrency Mining. “Mining” is the process in which individuals solve complex, computation puzzles to confirm transactions to be added on a blockchain. Miners who successfully complete the mining process earn a reward in the form of cryptocurrency or other Blockchain coin or token.