skip to Main Content

UnitedCorp Announces Further Expansion of its BlockchainDomes adding 1,000 Servers to the Project for a Total of 5,000 and a Total Contract Value of CD$24 Million

  • news

Current BlockchainDome Performed Beyond Expectations During Recent Record-Breaking Heat Wave

MIAMI, FL, July 10, 2018 – Miami-based United American Corp (“UnitedCorp”)(OTC: UAMA) announced today that it entered into a further expansion of its existing Hosting Service Agreement with a Vancouver-based technology company.

On June 25, 2018 the Company announced that it had signed an increase in its hosting agreement from 1,000 to 4,000 mining rigs. Today the agreement was amended to add 1,000 mining rigs to the project for a total of 5,000. All mining rigs are scheduled to be online progressively by October and the Company will increase its BlockchainDome Heat Station capacity proportionally.

In addition, the Company announced today that its patent pending BlockchainDome performed beyond expectations during  extreme heat conditions in the Province of Quebec in late June and early July with all mining rigs remaining operational during this period.

“Our current BlockchainDome was really put to the test during the recent record-breaking heat wave which topped 93 degrees Farenheight and a Humidex of nearly 115 degrees for over a week – even though the BlockchainDome has no air conditioning or electromechanical venting.” stated UnitedCorp President Benoit Laliberte.  “With the data collected during this period, we now have first hand documentation supporting the ability of the dome to handle heat extremes ”

UnitedCorp’s BlockchainDome Passive Cooling Ground-Coupled Heat-Exchanger technology uses Canadian well and chimney effect principals, combined with a technique which utilizes Negative Air Pressure Mining Rig docking station adaptors, another proprietary technology. This process takes surface air and cools it naturally without electricity via a passive subterranean heat exchange system. The cool air is heated as it cools cryptocurrency mining rigs and this heat is then used to support large scale greenhouse agricultural operations through the BlockchainDome heat generation system which can keep greenhouses in excess of 25oC year round.

How BlockchainDomes work video

About United American Corp

Established in 1992, United American Corp is a Florida-based development and management company focusing on telecommunications and information technologies. The company currently holds the rights to manage a portfolio of patents and proprietary technology in telecommunications and social media and more recently has developed and implemented BlockchainDomes and Blockchain PSTN technologies. For more information, visit: www.unitedcorp.com

This news release contains forward-looking statements that are subject to various risks and uncertainties. The Company’s actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors that may be beyond the Company’s control. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made, and the Company assumes no obligation to update forward-looking statements should circumstances in management’s expectations or opinions change.

Source:
United American Corp

Contact:
Jenna Trevor-Deutsch
Director Investor Relations
investorrelations@unitedcorp.com
604 398 5000 ext: 109

Back To Top