BitHarvest’s newest ruse is its USB “BitBooster” units are being utilized in Texas cryptocurrency mining farms.
Which mining farms in Texas BitHarvest’s units are purportedly being utilized in can’t be disclosed for verification as a result of… nicely y’know, causes.
An August ninth advertising video from UK-based promoter Marcos Caleb reveals BitHarvest admins presenting aerial photographs of purported cryptocurrency mining farms in Texas.
The footage is purportedly from a July 2024 BitHarvest advertising occasion held in Malaysia.
Notably, not one of the mining machines within the footage seem to have BitHarvest’s gigantic USB units in them.
Naturally viewers of Marcos Caleb’s advertising video wished to know the place BitHarvests’ purported companion’s operations have been.
Right here’s the excuse Caleb (proper) got here up with;
It is not going to and can’t be disclosed. There are powers that be that may like to blow these mines up and destroy them. Or then they’d should put up with tons of holiday makers asking questions.
They’re out in the midst of nowhere, and go by the pseudonym of “Texas Mining Farms.”
A fast Google search reveals a number of Texas-based bitcoin mining farms brazenly disclosing their location (not one of the public photographs actually matched what BitHarvest confirmed).
Whereas Texas residents definitely may be tempted, to the very best of my information no one has ever “blown up” a cryptocurrency mining operation in Texas.
As for folks asking questions as a part of their due-diligence into BitHarvest, can’t have that now can we.
Footage of purported Texas cryptocurrency mining amenities was offered by a gents who solely launched himself as “JB”.
JB claimed he represented the cryptocurrency mining agency in Texas that BitHarvest had partnered with.
To that finish JB and BitHarvest CEO “Logan Lee”, performed by Singaporean nationwide Steve Ng, signed a meaningless “memorandum or understanding”.
We haven’t seen one shortly however these signing ceremonies have been typical advertising for Asian MLM Ponzi schemes a couple of decade in the past (e.g. uFun Membership).
In the end whoever BitHarvest has dug as much as signal a doc on stage in Malaysia doesn’t matter. We now have an MLM firm representing it’s producing passive returns income from inside Texas.
Whereas we all know BitHarvest isn’t registered with the SEC, one other firm working in Texas may now be hooked up to BitHarvest’s securities fraud.
This goes for each the SEC on the federal stage and the Texas State Securities Board on the state stage.
Pending any additional developments there, we’ll hold you posted. Within the meantime, BitHarvest’s web site site visitors plunged 78% between June and July 2024.
As tracked by SimilarWeb, high sources of BitHarvest web site site visitors for July 2024 have been
- Russia – 30% (down 33% month on month)
- India – 26% (up 154% month on month
- the US – 22% (down 61% month on month)
- Thailand – 17% and
- Malaysia – 6% (down 96% month on month)
Exterior of gullible saps in India, BitHarvest’s Malaysia launch occasion doesn’t seem to have completed something for the corporate wherever else.