X3 Holdings Boosts Bitcoin Mining Fleet in Central Asia, Eying Sustainable Growth

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Feb 07, 2024, 08:00 ET

SINGAPORE, Feb. 7, 2024 /PRNewswire/ -- X3 Holdings Co., Ltd. (Nasdaq: XTKG) ("X3 Holdings" or the "Company"), a global provider of digital solutions and technology services spanning diverse industries, is pleased to announce a significant expansion of its bitcoin mining operations. The Company has successfully deployed 2,000 bitcoin mining machines in its Central Asian facility, a move that underscores X3 Holdings' commitment to growth and sustainability in the digital asset space.

This latest deployment is set to supercharge X3 Holdings' mining capabilities, with the new ASIC miners projected to achieve an impressive hash rate of 0.28EH/s. It's a strategic step within the Company's broader vision to amplify its BTC hashing power through the addition of next-generation of mining technology in the near term.

Strategically located, the Central Asian facility leverages hydro-powered and renewable energy sources, ensuring mining operations are both cost-effective and environmentally friendly. In a move towards sustainability, the Company is collaborating with its hosting partner to incorporate solar energy solutions, marrying cutting-edge bitcoin mining with eco-friendly land use practices.

Stewart Lor, CEO of X3 Holdings, shared his excitement: "The deployment of our bitcoin miners in Central Asia marks a pivotal advancement. Our strategy to scale up our mining operations is fueled by low-cost renewable energy, setting the stage for significant growth. Our venture into cryptomining is not just an expansion – it's a testament to our foresight in harnessing sustainable energy for substantial growth."

About X3 Holdings

X3 Holdings Co., Ltd. (Nasdaq: XTKG) is a global provider of digital solutions and technology services spanning diverse industries. The Company is operating across diversified business segments in digital technologies, cryptomining operations, renewable energy and agriculture technologies. X3 Holdings is headquartered in Singapore with subsidiaries and operations globally. For additional information, please visit www.x3holdings.com.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements; specifically, the Company's statements regarding listing on the NASDAQ Capital Market and the IPO are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in the markets that the Company operates and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Corporate Investor Relations
X3 Holdings Co., Ltd.
Email: [email protected]
Website: www.x3holdings.com

SOURCE X3 Holdings Co., Ltd.