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Upexi Signs LOI to Purchase Operating Bitcoin Mining Facility

1. Upexi's subsidiary, Quantum Hash, signs LOI for a 2MW crypto facility acquisition. 2. This initiative marks a significant investment in the Cryptocurrency sector.

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Why Bullish?

The acquisition enhances Upexi's presence in a high-growth sector, similar to other firms thriving in crypto mining space, which often leads to stock price appreciation.

How important is it?

Investment in cryptocurrency infrastructure signifies strategic growth potential, affecting investor sentiment positively, comparable to similar ventures in the tech space.

Why Long Term?

The successful expansion and increased output could yield significant revenues over time, as seen with companies successfully scaling their cryptocurrency operations.

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BITOMARARIOT
Subsidiary, Quantum Hash, signs first LOI to acquire a 2MW operating facility with plans to increase to maximum output with upgraded mining power and expanded MWs of power TAMPA, FL / ACCESS Newswire / March 3, 2025 / Upexi, Inc. (NASDAQ:UPXI) (the "Company" or "Upexi"), a brand owner specializing in the development, manufacturing and distribution of consumer products and has diversified into the Cryptocurrency space, today announced its subsidiary, Quantum Hash, has signed a Letter of Intent (‘LOI') to acquire a 2MW operating facility, its biggest initiative into the Cryptocurrency industry to date. The facility is currently utilizing less than half its available capacity output.

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