REG-Clear Leisure Plc: Bitcoin Mining Investment Update <Origin Href="QuoteRef">CLPC.L</Origin>

Quantum Blockchain TechnologiesAnnouncement

19/01/2018 09:55

                
                                                                                                                                                                                                                                                                                                       
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 €200,000 to fund the Company’s 50% share of the Miner One Limited
joint-venture’s mining blockchain data centre: the first tranche of
€50,000 has now been released by Eufingest.

-ends-

For further information please contact:

Clear Leisure
Plc                                                                                    
+39 335 296573

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



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