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Skychain (TSXV:SCT) announces debt settlement transaction

Technology
TSXV:SCT
30 July 2021 08:45 (EDT)

Source: Skychain Technologies Inc.

Skychain Technologies (SCT) is pleased to announce that the TSX has approved a debt settlement with Houston BC Mining Power Corp.

Skychain issued 243,590 common shares at a price of $0.78 per share to settle $190,000 of debt owing to Houston BC Mining Power Corp.

The shares are subject to a hold period of four months and one day.

Skychain Technologies is a Vancouver-based company that provides power and energy solutions for large-scale mining farms to help optimize mining power consumption. The company also provides solutions for mining farm construction and all-inclusive miner hosting and colocation services.

Skychain’s vision is to become a leading player in crypto/data mining hosting by growing to 100Mw of crypto hosting capacity.

Skychain Technologies Inc. opened trading at C$0.70 per share.

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