Perpetual Industries (OTC: PRPI), an incubator for the development of new and innovative energy-efficient technologies and products, has new corporate offices. The company has moved into a new 22,000-square-foot facility located in Auburn, Indiana; the new building provides additional space for the company to complete a large-scale Bitcoin mining center expansion for its cryptocurrency division and meet its growing need for research and development projects. In the past year, PRPI has closed on two strategic acquisitions, which consequently have become powerful subsidiaries and divisions of Perpetual Industries. The growth has positioned PRPI in several expanding markets and provided additional revenue streams. The company has also indicated it is working on the development of solutions to integrate the powerful capabilities of disruptive blockchain technology. “We have seen significant growth in the operation of our divisions over the past couple of years,” said Perpetual Industries CEO Brent Bedford in the press release. “It made sense to increase our space to maximize the company’s return on assets and capitalize on the fast-growing blockchain ecosystem with our data center expansion.”
To view the full press release, visit https://ibn.fm/sgDQV
About Perpetual Industries Inc.
Perpetual Industries is an incubator for the development of new and innovative energy-efficient technologies. The company’s mission is to “perpetuate industry” by bringing value-added technologies to market. At PRPI’s core is a proprietary technology known as the XYO Mechanical Balancing Technology, designed specifically to dynamically eliminate vibration in rotating equipment to create energy-efficient, environmentally responsible products. The company is expanding its expertise and knowledge of energy-efficient technology by developing low-cost, green-energy-powered solutions for a variety of industries including renewable energy, blockchain mining, artificial intelligence, graphic rendering, internet of things (“IoT”) and cloud computing, while continuing its research, development and commercialization of the XYO Technology in key applications. For more information about the company, please visit www.PerpetualIndustries.com.
NOTE TO INVESTORS: The latest news and updates relating to PRPI are available in the company’s newsroom at https://ibn.fm/PRPI
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