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TulsaLabs Announces Initial Purchase of ASIC Crypto Mining Rigs

Tulsa, OK – (NewMediaWire) – October 28, 2021 – AppSwarm, Corp. (OTC: SWRM), a software development company and aggregator of mobile

applications, announces initial purchase of ASIC mining rigs for its crypto

mining operations.

The Company

announces the initial purchase of Scrypt ASIC miner rigs that are designed for

the purpose of mining Litecoin and Dogecoin. Scrypt is less complex than

SHA-256, which makes mining Litecoin and Dogecoin much faster and less

energy-intensive.

The Company

expects delivery of its initial rigs in early to mid-November, which will then

be deployed and scaled up with additional ASIC rigs by the end of the fourth

quarter.

Bitcoin

Mining Rigs

The Company

is also in the process of reviewing initial purchase orders for Bitmain

Antminer and other rigs for its Bitcoin mining operations. Data Syndicate will

assist us in reviewing initial details such as hash rates, rig costs, and

energy consumption so we can quickly deploy rigs into operation while building

a framework for scalability.

The goal is

to focus our initial Bitcoin mining operations at co-location hosting

facilities within the Tulsa region to expedite deployment without needing to

outlay capital for infrastructure build-out costs.

A more

detailed roadmap and investor presentation on our crypto mining operations will

be released shortly. 

Register for updates on the project at https://tulsalabs.io/investors/

About

APPSWARM

AppSwarm is

a technology company specializing in accelerated development and publishing of

mobile apps and other software platforms for gaming and business applications

and seeks to acquire symmetric business opportunities. AppSwarm partners with

and assists other development firms in technology development, business

management, and funding needs.

For more

information, visit us at 
www.app-swarm.com or follow us on www.facebook.com/AppSwarm Twitter https://twitter.com/AppSwarm or Instagram https://www.instagram.com/appswarm/

“LEGAL

DISCLAIMER”

AppSwarm

and its affiliate labs are strictly research firms focused on the development

of blockchain applications, and in no way is involved with the buying, selling,

or issuance of any cryptocurrencies, or investment advice.

Forward-Looking

Statements:

“Safe

Harbor” statement under the Private Securities Litigation Reform Act of

1995: This press release may contain forward-looking statements that are

subject to risk and uncertainties including, but not limited to, the impact of

competitive products, product demand, market acceptance risks, fluctuations in

operating results, political risk, and other risks detailed from time to time

in the Company’s filings with OTCMarkets.com and as required to the Securities

and Exchange Commission. These risks could cause SWRM’s actual results to

differ materially from those expressed in any forward-looking statements made

by, or on behalf of, the Company.

Investor

and Media Contacts:

AppSwarm,

Corp.

888-886-8583

info@app-swarm.com

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The post TulsaLabs Announces Initial Purchase of ASIC Crypto Mining Rigs first appeared on Smallcaps Daily.

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