USI-Tech Clarifies Details of $70 Million Contract

October 20, 2017 – – In response to recent controversy regarding claims of a contract between USI-Tech, a bitcoin investment platform, and Bitfury, a full service Blockchain technology company, USI-Tech has made the following statement:

“It was recently stated that we had entered a strategic mining contract to acquire over $70 million dollars worth of mining equipment. That information was accurate and correct. During that statement, the name ‘Bitfury’ was mentioned and that information was not accurate or correct.”

The company says that it entered into under an NDA with a strategic partner in order to take in additional equipment and expand their suite of services to their customers.

“The purpose of the contract this contract is for AMD RX GPUs or Nvidia P106/1060 GPUs which are used to mine Etherium, Etherium Classic, Z Cash, Dash, Monero, and other GPU based coins. The partnership we have established allows us the capability of using a proprietary algorithm which mines the most profitable coin each day and then settles into Etherium in our mining pool.”

USI-Tech has also recommitted to transparency in its future communications with its customers:

“At USI-TECH, we are committed to ensuring that our customers and representatives have the most transparent and accurate information. We are committed to this even if we make a mistake and have to come back with correct and updated information. We will always have transparency with our partners.”

Although the company has been contractually obligated to keep the details confidential for the time being, USI-Tech promised that they will be able to provide complete transparency about the contract to their customers and distributors at an October 28th event being held in London, UK.

The company adds, “Here we will release our USI-Tech branded Etherium pool which will show openly on the blockchain the track record of mining and amount of Etherium USI-TECH mines on a daily basis.”

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Contact USI-Tech:

support@usitech.io
P.O. Box 122036
Dubai, UAE

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