Nodechain Inc (PK:NODC)
Business Focus: N/A
| Sector: Technology | Industry: N/A |
| Company Contact | |
| Address: | 5445 Oceanus Dr Ste 102 HUNTINGTON BEACH CA 92649 |
| Tel: | N/A |
| Website: | https://nodecha.in |
| IR: | See website |
| Key People | ||
| Changzhi Shen President, Chief Executive Officer, Treasurer, Secretary, Director | ||
| Business Overview |
| Nodechain, Inc., formerly Vapetek, Inc., is engaged in the blockchain sector and graphical processing unit (GPU) cryptocurrency mining. The Company utilizes five mining computers (rigs) that include seven 1070Ti GPUs per unit. The Company is focused on mining bitcoin and ethereum. The Company stores its mined bitcoin and ethereum in cold storage wallets by using the cold storage wallet system. Its mining rigs are capable of mining alternative cryptocurrencies, such as Zcash and Ethereum Classic, Bitcoin Gold and Monero. |
| Financial Overview |
| For the six months ended 30 June 2018, Nodechain Inc revenues decreased 20% to $48K. Net loss before extraordinary items increased from $15K to $12.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects General and administrative increase from $18K to $56K (expense), Professional fees increase from $9K to $26K (expense). |
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