HashChain Technology Announces New Directors

VANCOUVER, January 14, 2019 - HashChain Technology Inc. (“HashChain” or the "Company") (TSXV: KASH; OTCQB: HSSHF) today is pleased to announce the appointments of Haileab Samuel and Alan Poirier and to its Board of Directors, taking the place of Nitin Kaushal and Aaron Bowden.
 

Haileab Samuel is the Chief Executive Officer of [s] Cube Inc., an information technology services company located in Schenectady, New York. A seasoned executive and passionate entrepreneur, Haileab has over 20 years of experience building highly effective teams - driving operating efficiencies and growth in the businesses that he has been involved with. Known as a turn-around expert, Haileab has consistently been able to drive measurable improvements in client satisfaction, productive and quality. He is accustomed to delivering results in highly demanding and mission-critical environments where there is little room for error and the need to have a swift, successful impact.
 

Prior to joining [s] Cube, Haileab was an IT Executive at the General Electric Corporation’s Research and Development facility where he managed and maintained the entire global application portfolio. He was also an Executive at Xerox Corporation’s Litigation Services division, where his operations team helped contributed to the over 300% financial growth seen at the company during his tenure as Director of Operations.
 

Haileab graduated from Johnson C. Smith University with a Bachelor of Science in computer science and holds a Master of Business Administration from the State University of New York.
 

Alan Poirier has been a technical executive for over 15 years with expertise in the design, development and implementation of leading-edge technologies, systems applications and operations. In his current role as Chief Technology Officer at [s] Cube Inc., he specializes in evaluating client needs and delivering appropriate technology solutions that are innovative and cost effective. His proven expertise in leadership, product management and customer relationship building to consistently deliver productive results is the main reason he has been able to elevate [s] Cube Inc. to new levels year after year.

 

Prior to [s] Cube, Alan worked for Accela Inc., a cloud-based permit and licensing provider where he was the lead architect for large municipal implementations. Working closely with IT staff to design and implement highly secure, fault tolerant systems to ensure maximum uptime. He also spent nine years as a manager with Xerox Litigation Services, leading two technical teams in a 24/7/365 environment. His teams were tasked with processing mass amounts of data and providing tier 3 support to customers with a focus on quality and efficiency.

 

Alan holds a degree from the College of Saint Rose in Computer Information systems.

 

“We would like to thank Mr. Kaushal and Mr. Bowden for all their guidance and contributions to HashChain during our first full year of operations, and we wish them all the best in their future endeavors,” said Patrick Gray, CEO of HashChain. “We are excited with the additions of Mr. Samuel and Mr. Poirier to our Board, as each of them brings with them decades worth of technical expertise along with deep knowledge of the cryptocurrency space that will serve us in many capacities going forward.”

 

About HashChain Technology Inc.

 

HashChain is a blockchain company, and the first publicly traded (TSXV: KASH; OTCQB: HSSHF) Canadian cryptocurrency mining company to file a final prospectus supporting highly scalable and flexible mining operations across all major cryptocurrencies. HashChain taps low-cost North American power, cool climate and high-speed Internet: the trifecta most critical to mining success, to create a competitive position for maximizing the number of mining 'wins.' HashChain currently operates 8,395 Bitcoin Rigs with an additional 3,500 Rigs to be deployed from its previously announced acquisitions. Once all Rigs are operational, HashChain’s mining operations will consist of 11,895 Rigs consuming approximately 17.5 megawatts of power.

 

HashChain Mining is a wholly owned subsidiary of HashChain Technology Inc. based out of Albany, New York, and an office in Vancouver, British Columbia.
 

On Behalf of the Board,
Patrick Gray
CEO & Director

 

For Further information please contact:
HashChain Technology Inc.
Larry Heinzlmeir
Vice President, Marketing & Communications
604-537-8676

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Cautionary Note Regarding Forward Looking Statements: This release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws, including statements regarding the performance of the Rigs, the expected consumption of 17.5 megawatts of power and the Company’s expected operation of a total of 11,895 Rigs may constitute forward-looking statements. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should” or “would” occur. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, that the Company will successfully operate an aggregate of 11,895 Rigs and such operation, including expected energy consumption, will be consistent with management’s expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors may include, among others, that the Company will not successfully operate a total of 11,895 Rigs and that the Rigs will not be performing optimally as anticipated by management. Readers are cautioned not to place undue reliance on forward-looking statements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.