AI Magazine Issue 8 2018

Acquisition International - Issue 8 2018 5 Mining Power Group, Inc. Acquires Majority Ownership of Crypto Mining Data Center Mining Power Group, Inc., announced that is has acquired the majority ownership interest of upstate New York technology company, Northway Mining, LLC, (“Northway”) which offers highly specialised data centre hosting services for thousands of cryptomining machines. Northway, which will become a subsidiary of the Company, presently has revenues from its existing clients and also from an ever-increasing number of new clients. Included as part of the acquisition are real estate assets of substantial value from the purchase of the buildings in which Northway operates and a future building into which it will expand. In addition, included are 30 acres of surrounding flat land that will be used for future expansion of Northway as well as for the placement of industrial containers to house 1000’s of additional mining machines for clients. The purchased property has onsite access to approximately 300 Megawatts of electricity at very affordable rates contracted by Northway, which provides Northway with a significant competitive advantage on which to aggressively seek new and large client contracts. The cost of electricity being a significant cost component in the operation of any cryptomining machine. Under the terms of the transaction, Northway will maintain its current management and the Company will invest funds for the expansion of its facilities. Additional details of the pending transaction were not disclosed but will be included in an upcoming 8K filing. Separately, the Company is in negotiations for a similar purchase of a majority interest in an unrelated privately-held company involved in the development of products for the cryptomining industry. Results of the negotiations will be announced at a later date. Dror Svorai President and CEO, Mining Power Group, Inc. stated, “This is something that we had been working on for a while and we are so glad to finally complete this transaction. We have not only entered the data centre market, but we have done it in a big way that allows us to immediately begin a rapid ramp up of revenues. Existing clients can readily add machines because of our immense capacity, which is a key capability that we offer our clients. Our immediate ability to expand our facilities and the significant operational cost savings we can offer our clients due to our low cost of electricity, provides them with an affordable way to thrive and profit.” Michael Miranda, President of Northway Mining stated: “Our whole team is excited to be a part of Mining Power Group and a part of a public company which will give us the support we need to keep pace with our rapidly growing business. The increasing demands from our existing client base, coupled with our many new client additions, required that we rapidly accelerate our expansion to meet the needs of both. With our highly experienced and qualified staff and Mining Power Groups’ support, we will be able to upgrade our facilities and aggressively take advantage of this rapidly growing market.” Mining Power Group, Inc. (RCGR) acquires majority ownership of crypto mining data centre with significant assets and revenues. Legacy Navigator, a leader in estate transition services, recently announced that they have acquired Moving Solutions, based in Havertown, PA. Moving Solutions is one of the nation’s premier senior move management companies, specialising in assisting seniors with the logistics of downsizing or moving to assisted living. Company President Margit Novack founded Moving Solutions in 1996 and is widely recognised as the pioneer of the senior move management industry. Novack served as the Founding President of the National Association of Senior Move Managers (NASMM). As recognition for her contribution to the industry, NASMM’s annual award of excellence is named in her honour. “Legacy Navigator compliments Moving Solutions perfectly,” Novack said. “We both help families work through tough emotional transitions like senior moves and downsizing. Joining Legacy Navigator ensures that Moving Solutions will grow to help even more families and in more ways.” Novack will remain as President of Moving Solutions. She will also be joining the Legacy Navigator leadership team with the dual goals of integrating Legacy Navigator’s services into the markets Moving Solutions currently serves as well as applying her decades of leadership and expertise in the senior move management industry to the geographies currently served by Legacy Navigator. “I am honoured that one of my mentors chose to partner with Legacy Navigator on this next chapter of our story,” Paxton said. “Moving Solutions has a world-class team of people offering game-changing service and training techniques that will immediately take our senior move management capabilities to a new level.” “This is the first in a series of acquisitions planned for Legacy Navigator as the company expands both geographically and strategically. Moving Solutions is an ideal fit for Legacy Navigator’s portfolio and will be an important contributor to our future growth plans,” said Craig Shealy, Legacy Navigator CEO and Co- founder. Legacy Navigator Acquires SeniorMove Management Pioneer NEWS / From Around The World