ITEM 8.01 OTHER EVENTS
On March 3, 2021, we entered into a non-binding letter of intent with
Energy Structuring, Inc., a Nevada corporation, to acquire all of the issued and
outstanding shares of common stock of BITCENTRO, its crypto currency mining
operation located in Canada, in consideration of $2,800,000, payable as follows:
$500,000 in cash and $2,300,000 in common stock of company. Pending a definite
purchase agreement, the purchase price could be adjusted to $3,050,000 with
payments adjusted as follows: $500,000 in cash and $2,300,000 in common stock of
company.
BitCentro currently operates a 94 mining-units operation netting about $850 USD
daily or $25,000 + monthly. The project is housed in a container with security
and is over built in order to increase the number of units by 70 to max out just
over 180 miners. The business is currently mining Etherium using GPU miners and
it has positive cash flow from current operations. With additional 70 new units,
BitCentro plans to double its revenue and ensure that the 70 new additional
units are ASIC miners for mining Bitcoin. BitCentro believes that crypto mining
in Canada, where the operation is located, is a competitive advantage because
Canada's one of the jurisdictions with the cheapest energy cost in the world.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
GIVEMEPOWER CORPORATION 
