Crypto’s surge has fueled interest in crypto mining companies like Marketing Worldwide Corporation (OTC: MWWC) which has recently transitioned to the crypto sphere. MWWC stock saw an initial 52% increase after MWWC shared an update from its time at the annual trade show – CES Nevada – which is organized by the Consumer Technology Association at the Las Vegas Convention Center.
MWWC Stock News
In Mid-October, MWWC announced it had completed its acquisition of a community-based cryptocurrency ecosystem which would act as a subsidiary of the acquisition incubator. This acquisition was paid for using 250 million restricted shares held by CEO Jason Schlenk. To prevent dilution, the seller – Minosis Corp. – is not able to remove the restrictive legend from the stock without approval from MWWC.
The Minosis platform pool mines Bitcoin using Bitmain Antminer SJ19 Pro units with a hash rate of 104T/H to 110T/H. It uses approximately 3,250 kw/h of power per unit which is an important factor in determining the platform’s overall viability.
Since then, the company has prepared the Minosis Mining Platform for beta testing and has opened it up for users to try. Minosis is designed to give all users the opportunity to mine crypto from their laptop or computer and will alert users regarding changes in their hash rate, the profitability of coins, and market conditions. It offers users the experience, contacts, and success at PETA hash rate levels to build an industrial scale mining operation.
The company launched another testing round (Beta v3.0) for all subscribers. In the previous round, the company expanded the testing to include up to 25,000 users and gave them the ability to mine four cryptocurrencies. The full version is expected to have around 10 cryptocurrencies for mining, which will be paid out to users using Bitcoin.
On this note, CEO Jason Schlenk stated that, “Our goal is to make the installation and rig set-up as easy as possible and we believe we have accomplished that with the use of the Minosis Agent”. He went on to add that the company believes that the Minosis global launch “will set the stage for projectable revenues to be released to the public in late Q1 2022,”
MWWC also shared that it obtained a non-dilutive line of credit for $1.5 million, which will be poured back into the business to develop the Minosis platform and acquire more mining equipment. Meanwhile, the company has followed through on its announced share reduction bringing the AS down to 4.5 billion from 10.9 billion. However, it originally gave 3.5 billion as the target AS and it is not clear if a further share reduction is coming.
A version of the Minosis platform will include a derivative for producing income through hash-rate rental which is expected to generate almost 75% of the Minosis project revenues. Additionally MWWC purchased ASIC miners for small crypto farms. The equipment has the ability to perform up to six thousand transactions per hour, which is equivalent to mining one Bitcoin per 19 days.
Excited to share its crypto farm’s operations with shareholders, the company’s CEO shared an update from its corporate location where its 2,000 t/h Crypto farm is hard at work. Currently, MWWC has a patent pending for its Distributed Assets Crypto Mining Payouts (D.A.C.M.P.) software and has plans to pursue a series of patents related to crypto and blockchain technology.
Meanwhile, the company has updated its website – sharing its vision as an acquisition incubator which purchases companies and patents for growth purposes. Building a portfolio of disruptive technologies, MWWC is currently interested in FinTech, cybersecurity, augmented reality, social connectivity, and crypto exchanges. Now the company is focused on finding technology partners and – according to its CEO – has a “strong focus on acquiring unique and patentable ideas, we’re able to turn heads, get press and turn (Marketing Worldwide) into an ‘all economies’ profit generating machine.”
Investors like @greatstockpicks are seeing MWWC’s potential after its appearance at CES Nevada
Trading at $.0055, after MWWC stock had a 52% increase earlier. The stock shows a support at .0042 and .0036 with a resistance at .006. The RSI is cooling of from this increase at 57 and accumulation has seen a significant uptick following an earlier dip. The MACD is bullish but approaching a crossover.
Given the potential MWWC is showing with its cryptocurrency mining platform, the stock could break through its resistance and return to December’s highs of .007 or more with updates from the company. Considering the positive movement MWWC saw following management’s update, shareholders should watch for additional PR from MWWC.
MWWC Stock Forecast
Crypto mining stocks have become particularly appealing thanks to crypto’s performance throughout the summer. Although MWWC is relatively new to this sector, it has made promising progress so far and appears on path to achieve its revenue goals through its crypto mining farm. With the new beta test of the Minosis platform, more investors will have the opportunity to evaluate the company’s potential. Depending on the platform’s performance and the company’s plans to become an incubator for disruptive technology, MWWC stock could regain some of its previous value.
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