Urban TV Network Corp (OTC PINK: URBT) makes headway into the digital money markets. The world woke up to the headline that the giant URBT is now eyes launching its cryptocurrency mining business. The company celebrates as it has mined its first dollar ($1) during the proof-of-concept stage.
With the shift towards cryptocurrency and after a partial successful rebound by Bitcoin and Ethereum, there is a silver lining. URBT is planning an investment of about 200 high-powered computer systems that would kick start its proposed mining operations. URBT is not making empty promises. The mining operation is in the proof-of-concept stage with test computers running, URBT has earned its first dollar!
URBT is concerned about the environmental impact of its crypto-mining venture. The mining machines will be obtained from a reliable manufacturer and will be designed to have a minimal environmental impact. The aim is to set the crypto mining operation in a remote area. URBT intends to power its operations with clean, reliable, and renewable energy sources.
The sensational news regarding the entertainment giant’s crypto operations is its signing Kimberly Douglas who is leading the crypto team. Ms. Douglas has been an advocate of the large-scale use of cryptocurrency. Kimberly is excited about the fact that crypto means digital freedom. She recognized and paid a tribute to the brilliance and the financial freedom that a decentralized system such as crypto can bring.
Strategic changes are set to take place as URBT enters the crypto-mining space. 2021 started with a low for crypto. But by the month of August, the combined value of cryptocurrencies operating in the world has hit $2 trillion dollars. Tesla had a part to play in the decreased worth of crypto when it refused payments in Bitcoin. But now the digital currency has come out of shock and it’s gaining momentum.
CEO Joseph Collins said, “We are excited our company is entering into the crypto mining space. We see that a financial revolution is taking place and is transforming the economy, and we must be part of that.” He further said, “The current value of the cryptocurrency market is larger than top companies Facebook, Amazon and Tesla.” On a question about the increase in the stock price of URBT, he said, “I am confident that the performance of our stock right is proof that we are making the right decisions.”
