CHENGDU, China--(BUSINESS WIRE)--BHPA, INC. (OTC Markets: BHPA) Management Team Member today issued the following letter.
July 21, 2021
Dear BHPA, INC. Shareholders:
On June 6, 2019, BHPA, INC. (OTC Markets: BHPA) (“BHPA” and the “Company”) changed its name from Star Resorts Development, Inc. and began to trade under the ticker “BHPA”.
On June 21, 2019, pursuant to a Reorganization and Share Exchange Agreement, by and among the shareholders of BHPA and the shareholders of BHP Advance, Inc. (“Advance”), Advance’s shareholders acquired 92.63% of the issued and outstanding shares of BHPA in the amount of 316,933,399 shares in exchange for all of the 95,000,000 issued and outstanding shares of Advance, resulting in Advance becoming a wholly-owned subsidiary of BHPA. As a cloud computing power service platform, Advance has been very optimistic about the blockchain industry and the field of computing power since its inception, believing that there is a huge space for growth in this field, and the historical data so far does confirm the Company's view that the application of blockchain and cryptocurrency would had a significant rise and development.
In 2020, BHPA deployed resources to the IPFS project and has maintained steady output since then. The IPFS (InterPlanetary File System) is a protocol and peer-to-peer network for storing and sharing data in a distributed file system, which uses content-addressing to uniquely identify each file in a global namespace connecting all computing devices. We believe that IPFS has a very good prospect and a large number of application scenarios, and could achieve a large market space in the near future.
BHPA currently holds both BTC and FIL, which we are very optimistic about and intend to keep holding for the long term. We are also actively exploring other possible business cooperation opportunities. BHPA plans to continue to be bullish on the blockchain and computing power industry and continue to grow deeply in it.
BHPA, Inc. (OTC: BHPA) is leveraging its strong cloud hash power and big data processing capabilities toward the creation of a reliable and convenient cloud hash power service platform. The Company's wholly-owned subsidiary, BHP Advance Inc., which acts as the technology and service operator, provides a cryptocurrency mining SaaS platform powered by a reliable and secure blockchain algorithm, along with market-leading data processing capabilities and other online services. BHP Advance has a well-established global partnership network with large-scale cryptocurrency mining farms. The Company is dedicated to providing a cloud mining solution capable of breaking new barriers in the cryptocurrency mining space, allowing crypto mining firms and enthusiasts to transcend the defining limitations of time, power, and technology horizon.
("Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.)