Clear Leisure Plc Bitcoin Mining Investment Update

 
TIDMCLP 
 
19 January 2018 
 
                               Clear Leisure Plc 
 
                      ("Clear Leisure" or "the Company") 
 
                       Bitcoin Mining Investment Update 
 
Clear Leisure (AIM: CLP) is pleased to announce that, following its 
notification on 27 December 2017 regarding the Company's investment in Miner 
One Limited, a blockchain data centre operator, it has completed the 
acquisition of the first batch of computer "miners", representing 20% of the 
planned final computing power, and has acquired the mobile unit in which the IT 
infrastructure will be housed. 
 
Negotiations with an established power supply provider in Serbia, are at an 
advanced stage and it is expected that the first batch of miners will be 
operational by the second half of February 2018. 
 
An order for additional miners has been placed with a leading manufacturer and 
will be dispatched as soon as practical, albeit that extremely high demand for 
Bitcoin mining ASIC computers is affecting delivery schedules worldwide. 
 
As notified on 27 December 2017, Eufingest, the beneficial holder of 27.81 per 
cent of the ordinary share capital of the Company, agreed to lend Clear Leisure 
EUR200,000 to fund the Company's 50% share of the Miner One Limited 
joint-venture's mining blockchain data centre: the first tranche of EUR50,000 has 
now been released by Eufingest. 
 
                                    -ends- 
 
For further information please contact: 
 
Clear Leisure Plc 
 
[phone] 
 
Francesco Gardin, CEO and Executive Chairman 
 
SP Angel Corporate Finance (Nominated Adviser & Joint Broker)         +44 (0)20 
3407 0470 
 
Jeff Keating / John Mackay / Charlie 
Bouverat 
 
Peterhouse Corporate Finance (Joint Broker)                              +44 
(0) 20 7469 0935 
 
Lucy Williams / Heena Karani 
 
Leander (Financial PR) 
                                                                    +44 (0) 
7795 168 157 
 
Christian Taylor-Wilkinson 
 
About Clear Leisure Plc 
 
Clear Leisure plc (AIM: CLP) is an AIM listed investment company with a 
portfolio of companies primarily encompassing the leisure and real estate 
sectors mainly in Italy. The focus of management is to pursue the monetisation 
of all of the Company's existing assets, through selected realisations, 
court-led recoveries of misappropriated assets and substantial debt-recovery 
processes. Under its existing investment policy the Company can seek new 
investment opportunities, in different sectors, including information 
technology. For further information, please visit, www.clearleisure.co.uk 
 
 
 
END 
 

(END) Dow Jones Newswires

January 19, 2018 04:53 ET (09:53 GMT)