Daily Archives: August 7, 2018

BITTECH Offers Two Crypto Mining Machine, Equipped with Mining Chips Using a Cutting-Edge 10 nm Process Technology

HONG KONG, Aug. 06, 2018 (GLOBE NEWSWIRE) — BITTECH Limited starts selling a new range of cryptocurrency mining hardware powered by 10 nm semiconductor chips (10 nm BT0010a and BT0010La mining chips). It is to be recalled that BITTECH introduced its first ASIC miner as early as mid-May, 2018. Bittech One based on 14 nm ASIC chip BT0014 is characterized by 28TH/s hashing power, while energy consumption makes 2200W.bittech-l-one

A new range of mining hardware includes two models:

  1. Bittech One Mini is a 10nm-based ASIC for private mining. ASIC is  characterized by compact sizes, SHA-256-based 16TH/s hashing power, and 1150W power consumption. Retail price will make $880, including power supply unit. Pre-ordered mining hardware will be delivered as early as mid-September 15-25.
  2. Bittech L-One  is a new Scrypt-based solution for cryptocurrency mining (like LiteCoin). This is a 10nm BT0010La-based mining hardware with the hashing power of 2.3GH/s and energy consumption of 2600W. The miner is priced at $1970, including the power supply unit. Pre-ordered mining hardware will be delivered as early as mid-September 15-25.

BITTECH’s mining hardware based on advanced 10nm semiconductor chips is an “all-in-one” solution with Murata/Artesyn inbuilt power supply units, supporting hot replacement. Even a newbie can set up its unsophisticated and user-friendly software. All miners are covered by 180-days warranty.

BITTECH Limited was engaged in R&D with regard to 10 and 14nm advanced chips since early 2017. At the moment, the company has finished its R&D and offered own mining hardware to a wide range of customers. Aside from miners and chips, the company is going to establish four large data centers in Canada, Iceland, Estonia, and Russia. It has started the construction of Russia’s data center for 9000 miners with the total processing power of 21MW in April 2018. The company will lease a part of premises to its customers under colocation agreements.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/1a7e289a-57ba-4b64-ae9e-46a0157081b4

Contact info: pr@bittech.cn.com  TEL: +852 812 575 94

WillScot Announces Completion of $300 Million Senior Secured Notes Offering

BALTIMORE, Aug. 06, 2018 (GLOBE NEWSWIRE) — WillScot Corporation (Nasdaq: WSC) (“WillScot”), a specialty rental services market leader providing innovative modular space and portable storage solutions across North America, today announced that its indirect subsidiary Mason Finance Sub, Inc. (“Issuer”) completed its offering of $300 million in aggregate principal amount of 6.875% senior secured notes due 2023 (the “Notes”). WillScot intends to use the offering proceeds, together with funds from other sources, to finance its acquisition of Modular Space Holdings, Inc. (the “ModSpace Acquisition”) and to pay related fees and expenses.

The Issuer, a wholly-owned subsidiary of Williams Scotsman International, Inc. (“WSII”), was formed to issue notes to help finance the ModSpace Acquisition. The initial purchasers deposited the gross offering proceeds into an escrow account. Upon consummation of the ModSpace Acquisition and the satisfaction of other conditions, the escrowed proceeds will be released to fund the cash consideration payable by WSII in the ModSpace Acquisition and to pay related fees and expenses. Upon the closing of the ModSpace Acquisition, the Issuer will also merge with and into WSII, with WSII continuing as the surviving corporation, and WSII will assume the obligations of the Issuer under the Notes and the indenture governing the Notes. If the ModSpace Acquisition is not completed by a specified date or certain other events occur, the Notes will be subject to a special mandatory redemption.

The Notes were sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended, and outside the United States in accordance with Regulation S under the Securities Act. The Notes will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words “estimates,” “expects,” “anticipates,” “believes,” “forecasts,” “plans,” “intends,” “may,” “will,” “should,” and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Although WillScot believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that any such forward-looking statement will materialize. Important factors that may affect actual results or outcomes include, among others, our ability to timely satisfy or waive the conditions that must be timely satisfied or waived to close the ModSpace Acquisition; our ability to raise the capital required to finance the ModSpace Acquisition; and such other risks and uncertainties described in the periodic reports we file with the SEC from time to time (including our Form 10-K for the year ending December 31, 2017). Any forward-looking statement speaks only at the date which it is made, and WillScot disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About WillScot Corporation

Headquartered in Baltimore, Maryland, WillScot Corporation is the public holding company for the Williams Scotsman family of companies in the United States, Canada and Mexico. WillScot Corporation trades on the NASDAQ stock exchange under the ticker symbol “WSC.” WillScot is a specialty rental services market leader providing innovative modular space and portable storage solutions across North America. WillScot is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. With over half a century of innovative history, organic growth and strategic acquisitions, its branch network includes over 100 locations, its fleet comprises nearly 100,000 modular space and portable storage units, and its customer base has grown to approximately 35,000.

Contact Information

Investor Inquiries:
Mark Barbalato
investors@willscot.com

Media Inquiries:
Scott Junk
scott.junk@willscot.com

Local Textiles To Fashion Exhibition Held

The Local Textiles to Fashion Exhibition for promoting textiles made by weavers from 17 provinces is being held at Vientiane Center, Vientiane, on Aug 6-10, 2018.

The exhibition of local textiles aims to showcase the richness of local cultures and weaving traditions as well as to promote local handicraft items, said Mr Thaviphet Oula, Deputy Director of Tourism Promotion Department, Ministry of Information, Culture and Tourism, who is the Director of the Tourism Infrastructure for Inclusive Growth Project.

The exhibition of local textiles will make more local people and foreigners interested in locally made textiles from provinces, Mr Thaviphet Oula.

Top Lao young designers’ collections made from local textiles were also shown in a fashion show themed ‘Visit Laos Year Collection’.

This special cooperation project aims to turn local textiles from each province into modern fashion wears, said Ms Pany Saignavong, Founder and CEO of the Lao Fashion.

The event represents the collaboration between the Tourism Infrastructure for Inclusive Growth Project under the Ministry of Information, Culture and Tourism and the Lao Young Designers project under Lao Fashion Week.

Source: Lao News Agency

Duterte Berates, Threatens to Kill Corrupt Police on Live TV

MANILA, PHILIPPINES Philippine President Rodrigo Duterte on Tuesday threatened to kill corrupt police, including those accused of involvement in illegal drugs and other crimes, in an expletives-laden encounter on live TV.

More than 100 policemen, many of them facing administrative and criminal complaints including rape, kidnapping and robbery, were escorted to the presidential palace to meet Duterte, police officials said.

The national police, which Duterte once called “corrupt to the core,” have been undergoing an internal cleansing since they were removed twice from the president’s crackdown on illegal drugs last year due to reports of abuses. Duterte later allowed them to rejoin drug raids, partly because the small lead anti-narcotics agency lacks personnel and firepower to quell the drug menace.

“If you’ll stay like this, son of a bitch, I will really kill you,” Duterte told the policemen in the dressing-down broadcast by local TV networks.

The cases of some of the policemen will be reviewed, but Duterte warned, “I have a special unit which will watch you for life and if you commit even a small mistake, I’ll ask that you be killed.”

Addressing the policemen’s families, Duterte said, “If these sons of bitches die, don’t come to us yelling human rights, due process’ because I warned you already.”

Such public threats, along with the more than 4,500 mostly poor drug suspects who have been killed in gunbattles with police under Duterte’s anti-drug crackdown, have triggered alarm by Western governments and human rights watchdogs since he rose to power in mid-2016.

Duterte has vowed to press his campaign until the last day of his six-year term, often declaring that he is ready to go to jail, although he denies sanctioning extrajudicial killings. Police say nearly 150,000 drug suspects have been arrested and dozens of law enforcers have been killed in drug raids, proving the danger of battling illegal drugs, which remain a major problem.

The Bureau of Customs and anti-drugs authorities announced Tuesday night the discovery of about half a ton (1,100 pounds) of methamphetamine, locally called shabu, concealed in two steel cylinders in two abandoned container vans at Manila’s international container port in one of the largest drug seizures under Duterte.

Philippine Drug Enforcement Agency chief Aaron Aquino said the vans came from Malaysia, which a drug syndicate may be using as a transhipment point, but were never claimed at the Manila port because of stricter screenings.

Customs Commissioner Isidro Lapena warned that customs personnel linked to drug traffickers would eventually be arrested. “The fact that this did not get through this time is an indication that many no longer want to cooperate with the drug syndicates,” he told reporters.

Source: Voice of America