ROCKLEDGE, Fla., April 06, 2018 -- Kona Gold Solutions, Inc. (OTC Pink:KGKG), a hemp lifestyle brand focused on product development in the functional beverage sector, has announced its wholly owned subsidiary, BitHive Mining, has brought its first crypto currency mining rig online. The Company established BitHive Mining, LLC in 2018 as a vehicle to allow the company to branch off and get involved with crypto currency mining. BitHive Mining’s first mining rig was brought online earlier this week and is mining a specific crypto currency around the clock and will continue to do so, 24 hours a day, 7 days a week. The company plans to bring 8-10 mining rigs online this year, with ROI projections in the range of 6-8 months from the date of the mining rigs coming online.
At this time, BitHive Mining is not disclosing what crypto currencies they are currently or will be mining or specifics on hardware. BitHive Mining’s initial plans were to aggressively pursue mining of crypto currencies, but with the worldwide GPU shortages, along with new GPU architecture being released this year, the Company will take a methodical approach in order to capitalize on shorter ROI projections, thus creating stronger revenues from mining.“We are very excited to be able to bring our first mining rig online and see it in action, even with the current GPU hardware shortage,” stated Robert Clark, CEO of Kona Gold Solutions, Inc. “We’ve worked with experts in the field to build our first proper mining rig that is generating revenue and is a successful proof-of-concept for the company. The Company was able to successfully procure hardware at fair prices, which is very challenging with today’s current market shortage and price inflation. Once we move into our new Corporate headquarters, next month, we will be ready to build additional mining rigs in our purpose-built server room.”The company is currently working on building out BitHive Mining’s website, which will be a resource for shareholders and potential investors to learn more about the company and its initiatives.Kona Gold Solutions, Inc. will be posting its annual CEO Letter, which will recap the Company’s accomplishments in 2017 and lay out its strategy and goals for 2018.For more information regarding Kona Gold Solutions, please visit:http://www.konagoldhemp.com
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https://www.instagram.com/highdrateme/Kona Gold Solutions, Inc.:Kona Gold Solutions, Inc., a Delaware Corporation, has created wholly owned subsidiaries, Kona Gold LLC, HighDrate, LLC, and BitHive Mining, LLC. Kona Gold, LLC has developed a premium Hemp Infused Energy Drink line, Energy shots, and Apparel; please visit the Company’s website at www.konagoldhemp.com. HighDrate, LLC has developed the beverage industry’s first CBD Energy Water, available in 4 delicious flavors; please visit the Company’s website at www.highdrateme.com. BitHive Mining, LLC will be solely focused on mining cryptocurrencies via custom built mining hardware. The Companies are located on the east coast of Florida in Rockledge, FL.Safe Harbor Statement:The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. Investor Relations Contact: