Zenergy Brands, Inc. announced that it has completed the installation obligations for two Zero Cost Customer Agreements with U.S.-based cryptocurrency mining operation, known as BitPlus, LTD.

Zenergy first announced execution of its first Zero Cost Agreement with BitPlus on July 12, 2018

BitPlus and Zenergy entered into two additional Zero Cost Agreements in November of 2018.

Today, Zenergy is pleased to announce that two of three contracts are now installed and operational; the Company is making plans for installation of the third facility in the second quarter of this year. Each of the Zero Cost Agreements is responsible for producing a steady 10 Million annual kilowatt-hours in support of each of BitPlus’s mobile mining units. Each of these Zero Cost Agreements represents a contracted revenue stream over a 48-month period; paid in monthly service payments.

"BitPlus is utilizing an innovative energy sourcing strategy encompassing a micro-grid approach, giving them a unique competitive advantage in the cryptocurrency mining industry, when sourcing the cheapest price of electricity," Zenergy said

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