This morning the Vortex Brands Co (OTCMKTS:VTXB) stock is expected to come into focus among investors considering the fact that on Wednesday, the stock had clocked gains of as much as 18%. Hence, it is perhaps the right time to take a look at the announcement from the company yesterday that sent it shares soaring.
Vortex announced that it officially commenced its Bitcoin mining operations on Wednesday and it goes without saying that it was a major announcement. The Bitcoin mining space has grown by leaps and bounds in recent times and with the rise in the price of Bitcoin, it has also proven to be quite lucrative.
In addition to that, the company also provided the statistics with regards to its mining operations for the benefit of its shareholders and the wider investment fraternity at large. As of yesterday, Bitcoin mining equipment had already been sourced and out of those, around 500 TH/s has already come online and been engaged with mining activities.
More importantly, Vortex Brands added those daily payouts are going to be available in 48 hours from yesterday. It is a significant milestone for the company since it has put in considerable efforts to get the Bitcoin mining operations of the ground.