Vortex Brands, Co. (Vortex) is engaged in bitcoin mining, where bitcoins are created, resulting in new blocks being added to the blockchain and new Bitcoins being issued to the miners. Miners engage in a set of prescribed complex mathematical calculations to add a block to the blockchain and thereby confirm cryptocurrency transactions included in that blockâs data. The Company has purchased and maintains ASIC application-specific integrated circuit (ASIC) computers that are specifically designed for cryptocurrency mining. The Company places the bitcoin mining equipment with third party datacenters or farms located in Kentucky and Texas that power and operate the Companyâs bitcoin mining equipment for a fee. The Companyâs subsidiary includes Blockchain Energy.
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