Upexi subsidiary to acquire 2MW operating facility

Upexi (UPXI) announced its subsidiary, Quantum Hash, has signed a letter of intent to acquire a 2MW operating facility, its biggest initiative into the Cryptocurrency industry to date. The facility is currently utilizing less than half its available capacity output. Quantum Hash intends to update current equipment and add the latest and fastest mining machines available to maximize hash rate and maximize bitcoin mined monthly, upon closing. The initial 2MW of power is the first step to the company’s goal of 10-20 MW of power operating in 2025. This power and production will increase the company’s Cryptocurrency portfolio objectives and provide a revenue stream in an industry that is potentially set to grow significantly for the coming years.