Brief: Fortress Blockchain Announces Planned Exit From Crypto-Currency Business

Cathedra Bitcoin

07/03/2019 02:01

March 6 (Reuters) - Fortress Blockchain Corp  FORT.V :
    * FORTRESS BLOCKCHAIN ANNOUNCES PLANNED EXIT FROM
CRYPTO-CURRENCY
BUSINESS
    * FORTRESS BLOCKCHAIN - EFFECTIVE MARCH 5, 2019, COMPANY
DEACTIVATED ALL CRYPTO-CURRENCY MINING HARDWARE LOCATED AT
COMPANY'S GRANT COUNTY FACILITY
    * COMPANY IS CURRENTLY ASSESSING NEED FOR ASSET IMPAIRMENT
RECOGNITION, AND OPTIMAL STRATEGY TO REALIZE VALUE FROM
CRYPTO-MINING OPERATIONS BY DIVESTITURE AS A GOING CONCERN OR
ASSET SALE.

Source text for Eikon:  ID:nGNX70tfcM 
Further company coverage:  FORT.V 

 ((Reuters.Briefs@thomsonreuters.com;))