Coin Citadel (OTC PINK: CCTL) today announced that Thomas Pillsworth has joined the company as CEO and president, and a member of its board of directors. PLATTSBURGH, N.Y. - Dec. 31, 2018 - PRLog -- Coin Citadel Names Thomas William Pillsworth V President and Chief Executive Officer
Bill Schaefer steps down as president, chief executive officer and director.
Coin Citadel today announced that its board of directors has appointed Thomas William Pillsworth V as president and chief executive officer.
These leadership appointments were effective September and follow the decision that Bill Schaefer step down as president and chief executive officer and resign as a director of the company.
New management has not made any public statements or press releases to this point as they have been diligently working on getting updated financials from old management to update OTCIQ Markets.
We are fortunate to have someone of Thomas's caliber and experience step up to lead Coin Citadel. We are at a critical moment in the future of Fintech and Blockchain technology and we need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead.
Pillsworth has been in the Bitcoin space since 2014, runs a mining operation as pictured in the NY Times, Feb 2018, and working on his MSc in Digital Innovation.
Tom brings deep expertise in crypto assets of particular relevance to the global transformative properties of digital currencies and blockchain, together with broad experience in business operations.
I am confident that Coin Citadel will benefit from Thomas's insights and global perspective as we continue to focus on executing our strategy and delivering value for our clients and shareholders.
The board believes that the job of the Coin Citadel CEO now requires additional attributes to successfully execute on the company's strategy.
Thomas Pillsworth has the right operational and communication skills and leadership abilities to deliver improved execution and financial performance."
Name: Thomas William Pillsworth
Organization: Coin Citadel - OTC(CCTL)
Coin Citadel has a small cryptocurrency mining operation located in Upstate NY, with additional access to 80 Mega Watts of power for expansion at another leased facility in Illinois.By: Coin CitadelPLATTSBURGH, N.Y. - May 8, 2020 - PRLog -- Coin Citadel provides a company update about the bitcoin mining industry in anticipation of the Bitcoin halvening next week. Due to our low cost of power, Coin Citadel will be able to continue to mine Bitcoin and other digital currencies moving forward despite the block reward reduction, so continued mining through 2024 will still be profitable.
The company is also working on releasing its 2019 financials. This will complete 3 years of current financials thus affording it the opportunity to bring the company current with OTC Markets.
About Coin Citadel
The Company owns and operates computing centers that power the global decentralized financial economy. Coin Citadel provides computing power to cryptocurrency networks such as Bitcoin, earning fees from each network for securing and processing transactions. Powered by clean and competitively priced hydroelectricity. Coin Citadel's experienced management team has been in the Bitcoin mining industry since 2014. CCTL is focused on building infrastructure for the future of digital currencies.
For more information on the Company, please visit: https://www.coincitadel.net
This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the crypto mining industry; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow and execute its business strategy; volatility in the Bitcoin market; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission
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