HOUSTON, TX, Dec. 18, 2017 (GLOBE NEWSWIRE) --
Nexus Energy Services, Inc. (OTC Pink: IBGR) announces Bitcoin implementation to its oil business. The Bitcoin boom is well and truly underway and we are working hard to capitalize from it. To mine one Bitcoin, the Bitcoin mining industry consumes 22.5 TWh of energy annually, which amounts to 13,239,916 barrels of oil equivalent. With 12.5 bitcoins being mined every 10 minutes, that means the average energy cost of one Bitcoin would equate to 20 barrels of oil equivalent.
We are going keep the investment community updated as we continue to develop our new Bitcoin Oil strategy in the coming days.
FORWARD-LOOKING STATEMENTS The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful execution of growth strategies, product development and acceptance, the impact of competitive services and pricing, general economic conditions, and other risks and uncertainties described in the Company's periodic filings with the OTC Markets.
Nexus Energy Services, Inc. 10301 Northwest Freeway Ste 301 Houston, TX 77092 562-453-7643