Blockchain Power Trust (TSX-V:BPWR.UN) has commenced trading on the TSX Venture Exchange.
The company owns and operates hydroelectric facilities, solar parks, and wind parks in Romania, where it produces 100% green energy from renewable sources and is a member of the EU. Blockchain earns revenue from EU Green Certificates, which are a form of subsidy for producing approved types of renewable energy from certified facilities in the EU.
Eventually the company intends to utilize the electricity it produces for virgin cryptocurrency mining and validation, while providing the opportunity to be one of the first fully integrated and lowest cost cryptocurrency miners in the world.
About Blockchain Power
The Trust, through its direct and indirect subsidiaries in Canada, the Netherlands and Romania, has been formed to acquire interests in renewable energy assets in Romania, other countries in Europe and abroad that can provide stable cash flow to the Trust and a suitable risk-adjusted return on investment. The Trust seeks to provide investors with long-term, stable distributions, while preserving the capital value of its investment portfolio through investment, principally in a range of operational assets, which generate electricity from renewable energy sources, with a particular focus on solar and hydro power. The Trust intends to qualify as a "mutual fund trust" under the Income Tax Act (Canada) (the "Tax Act"). The Trust will not be a "SIFT trust" (as defined in the Tax Act), provided that the Trust complies at all times with its investment restriction which precludes the Trust from holding any "non-portfolio property" (as defined in the Tax Act).
For more information visit www.blockchainpower.com.