Strategic Asset Leasing intends to acquire cryptocurrency mining data center in New Jersey

Strategic Asset Leasing (OTCPK:LEAS +5.3%) enters into letter of intent to acquire a New Jersey’s cryptocurrency mining data center in the cash and restricted shares transaction.

Under the agreement, the company will acquire the building, infrastructure, and all mining hardware; the systems, including GPU and ASIC systems, are set up to mine Bitcoin, Litecoin and Ethereum.

“With a few upgrades to the existing systems, I believe the mining farm can be an extensive passive income revenue generator well into the future, while the facility itself can also meet a number additional functions and demands,” says CEO Jason Tucker.

Previously: Strategic Asset Leasing enters into cannabis tech venture (Sept. 10)

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