Next-generation energy utility company Zenergy Brands (OTC: ZNGY) today announced its
completion of installation obligations for two Zero Cost Customer Agreements
with BitPlus, LTD., a U.S.-based cryptocurrency mining operation. Zenergy
announced execution of its first Zero Cost Agreement with BitPlus on July 12,
2018, and the companies entered into two additional Zero Cost Agreements in
November of 2018. In today’s update, Zenergy confirmed that two of three
contracts are now installed and operational, while it is planning installation
of the third facility in the second quarter of this year. Each of the Zero Cost
Agreements is responsible for producing a steady 10 million annual
kilowatt-hours to support each of BitPlus’s mobile mining units, and each
agreement represents a contracted 48-month revenue stream. “Ever since I first
learned of BitPlus’s unique mobile-mining approach, I have been fascinated with
this project,” Zenergy CEO Alex Rodriguez said in the news release. “We are
excited and thankful for being named as their energy solutions provider.”
To view the full press release, visit http://ibn.fm/rhUgI
About Zenergy Brands, Inc.
Zenergy Brands is a next-generation energy and technology
company operating in the emerging smart energy/utility industry. The company
provides energy conservation, smart controls, and efficiency-based products and
services as a fully integrated energy company. Zenergy is a public company,
fully reporting to the SEC and currently trading. For more information, visit
the company’s website at www.WhatIsZenergy.com and follow the company on the
following social networks: Facebook: Zenergy Brands,
Twitter: @ZenergyBrands and
Instagram: @WhatIsZenergy.
NOTE TO INVESTORS: The latest news and updates
relating to ZNGY are available in the company’s newsroom at http://ibn.fm/ZNGY
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