MOXIAN ACQUIRES LAND TO BUILD A NEW MINING CENTER
Hong Kong, May 17, 2023 (GLOBE NEWSWIRE) -- Moxian (BVI) Inc ("Moxian" or the "Company") (NASDAQ:MOXC), a company engaged in bitcoin mining and related services, today released its earnings report for fiscal year 2022. Net loss amounted to $21.5 million, following a one-time charge of $11.9 million for the write-off of certain mining assets. Commenting on its results, Chief Executive Officer and Director, Mr. Forrest Deng, remarked "The Company, like the rest of the industry, experienced a very difficult year in 2022 with electricity prices surging with the outbreak of the Ukraine war. Bitcoin prices tumbled throughout the year, from the $40,000 level to hover just about $15,000 by the las
