URBT stocks rally as the company announces take off its crypto mining operations lead by crypto expert Kimberly Douglas
Los Angeles, California: Urban Television Network Corp (stock symbol: URBT) proudly announces that its stocks are rallying amid news it will begin crypto mining operations on November 1, 2021, in line with its plans to expand by breaking into the cryptocurrency industry. The project, which will target Bitcoin and Ethereum mining, will be led by Kimberly Douglas, a crypto mining expert and an advocate for mass adoption. She will take charge of and establish a team to carry out URBT’s blockchain-based mining activities and cryptocurrency related business.
Investor confidence has risen as a result of these announcements, an expected plethora of strategic changes to follow and the exciting growth the cryptocurrency market is currently witnessing. The board of URBT had earlier approved the crypto mining operation to take of with approximately 200 high-powered mining computer systems purchased from reliable manufacturers across the country under the leadership of a crypto enthusiast and crypto mining expert, Kimberly Douglas.
After more than three months of lows in the crypto market since 2021 began, due in parts to Tesla’s turn from accepting Bitcoin for payment, the combined value of the world’s cryptocurrencies hit $2 trillion in August and investors are growing optimistic again that it will reach record highs it reached earlier in the year and even surpass it. This wave of optimism is bolstering URBT’S confidence in mining top cryptocurrencies like Bitcoin and Ethereum. Many analysts, including Bloomberg already predict that Bitcoin, which has just passed the $46,000 mark could hit $100,000 by the end of the year, with other cryptocurrencies following suit.
Joseph Collins, CEO of URBT, speaking about the stock rally:
“Our investors can be excited about the direction our company is taking as we enter into the crypto mining space. We are an organization for the future, and we see that a financial revolution is already taking place that is transforming every sector of the economy is coming, and we want to be a part of that. Presently, The current value of the cryptocurrency market is larger than top companies like Facebook, Amazon, and Tesla! I am confident the performance of our stock right now is proof that we are making the right decisions and investors who are constantly observing the market changes can see this. Furthermore, we are very proud to have a capable professional like Ms. Kimberly Douglas lead our crypto mining operations and head the teams that will be responsible for driving the smooth operations of this business.”
If you’d like to find out more about URBT’s crypto mining operation and the company in general, please visit https://urbt.com/.
About URBT: Based in California, URBT is a modern broadcast television and streaming company that focuses mainly on providing the best collection of high-quality television and live TV round the clock for viewers. URBT delivers exceptional and unrivaled programming, which includes a variety of shows, including sports, movies, news, entertainment, variety, and family programming that has made it one of the leading TV networks on the west coast of America. To learn more about Urban Television Network (URBT), visit https://urbt.com/.