Aug. 3, 2020, 5:25 p.m. EDT

Sun Kissed Industries, Inc.'s Numuni Subsidiary Heads 'Full Steam Ahead' With Phase 2 Strategy Of Disrupting Cryptocurrency Mining, Leveraging Lucrative Revenue Streams, Taking Forefront Of Distributed Computing Industry

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Aug 03, 2020 (Stock Market Press via COMTEX) -- It's 'full steam ahead' for Phase 2 strategies for Robert Reynolds, CEO of Sun Kissed Industries, Inc,'s /zigman2/quotes/208440261/delayed SKDI +3.77% Numuni, Inc., subsidiary as he steers the company to disrupt the cryptocurrency mining industry, leverages lucrative new revenue streams and eyes the forefront of the distributed computing industry. In the initial two deals for Numuni this week, he formed alliances with two integral players: H-BIT, d.o.o., parent of NiceHash and owner of site NiceHash.com , and Connekt Earning and its 1.8 million active users on its website ROCash.com . Together, they are estimated to give Numuni millions of dollars in new revenue, access to millions more site users and a customer for its accumulated computer processing power. Robert Reynolds aims to disrupt industries.

The high technology market has drawn intense interest from media companies. stockmarketpress.com features specialized coverage of related stocks such as Sun Kissed Industries, Inc. /zigman2/quotes/208440261/delayed SKDI +3.77% , Amazon /zigman2/quotes/210331248/composite AMZN +1.50% , IBM /zigman2/quotes/203856914/composite IBM +0.24% , Nividia /zigman2/quotes/200467500/composite NVDA +0.43% , CME Group /zigman2/quotes/210449693/composite CME +1.49% , MasterCard /zigman2/quotes/207581792/composite MA +1.60% , Charlotte's Web /zigman2/quotes/212650907/delayed CA:CWEB +0.63% , Cronos Group /zigman2/quotes/206842762/composite CRON -0.29% , Colgate Palmolive /zigman2/quotes/200774077/composite CL +0.47% , Akerna Corp. /zigman2/quotes/202667634/composite KERN +8.52% , INSYS Therapeutics, Inc. , cbdMD /zigman2/quotes/201949781/composite YCBD -4.00% , Joy Organics , Canopy Growth Corp. (NYSE: CGC), GW Pharmaceuticals PLC (NASDAQ: GWPH), Aurora Cannabis Inc. (NYSE:ACB) (TSX: ACB) and Supreme Cannabis Co. (OTC:SPRWF).

Sun Kissed Industries, Inc.'s /zigman2/quotes/208440261/delayed SKDI +3.77% Numuni Subsidiary Heads 'Full Steam Ahead' With Phase 2 Strategy Of Disrupting Cryptocurrency Mining, Leveraging Lucrative Revenue Streams, Taking Forefront Of Distributed Computing Industry

"We are now 'full steam ahead' with our revenue generating Phase 2 discussed in our April 2020 news release," Reynolds, CEO of Numuni, said. "This is an additional avenue for Numuni revenue generation, expansion to Biotech research, data crunching and other lucrative series will put us at the forefront of the distributed computing industry." He added, "Our ability to collect massive amounts of computer processing power combined with NiceHash's industry-leading marketplace is going to turn the crypto mining industry upside down."

NiceHash Is well Known Brand In Cryptocurrency Ecosystem

He explained that hash mining is the process of complex computational calculations used in cryptocurrencies and blockchains to generate coins and complete transactions. The hash mining process is an integral part of cryptocurrency and blockchain systems. The demand for hash power is through the roof because cryptocurrency and blockchain are growing at an exponential rate. NiceHash is the Number One marketplace in the world consisting of hundreds of thousands of GPU/CPU processing buyers and sellers, the company said. NiceHash is a well known brand among cryptocurrency miners and plays a vital role in the cryptocurrency ecosystem by indirectly creating new coins and providing validation of transactions on several different blockchains.

NiceHash To Buy Numuni's Computer Processing Power

As Numuni generates computer processing power, NiceHash is seen as having the capacity to and ability to purchase as much of it as Numuni can produce. Together, both companies see 'surging revenues' throughout their partnership. NiceHash parent H-BIT d.o.o. was founded in 2014 in Slovenia. It has massive hashing power. Sun Kissed Industries, Inc.'s /zigman2/quotes/208440261/delayed SKDI +3.77% Numuni Subsidiary Heads 'Full Steam Ahead' With Phase 2 Strategy Of Disrupting Cryptocurrency Mining, Leveraging Lucrative Revenue Streams, Taking Forefront Of Distributed Computing Industry.

SKDI's Aggressive M&A Strategy

Sun Kissed Industries, Inc. /zigman2/quotes/208440261/delayed SKDI +3.77% is an emerging leader in the CBD-based products market. It is pursuing technology acquisitions through an aggressive M&A strategy. It seeks to become a dominant player in a well-defined, high-growth niche. It is a leader in the digital content management, and online ad monetization technology. The company is pursuing meaningful acquisitions as part of an aggressive M&A strategy. Sun Kissed Industries, Inc.'s /zigman2/quotes/208440261/delayed SKDI +3.77% Numuni Subsidiary Heads 'Full Steam Ahead' With Phase 2 Strategy Of Disrupting Cryptocurrency Mining, Leveraging Lucrative Revenue Streams, Taking Forefront Of Distributed Computing Industry.

Numuni also sees NiceHash being able to purchase as much computer processing power as it can generate. In the deal with Connekt Earning, Numuni plans to begin monetizing the 1.8 million active users on Connekt's flagship website NiceHash.com . Numuni estimates that by converting just 5% of Connekt's traffic, it can acquire 367,800 new software users and generate an estimated $2,916,000 in gross revenue in the partnership's first year. On a commission basis, Numuni's Reynolds, CEO, estimates Connekt Earning could generate $2.1 million with Numuni making some $729,000 in forecasted net revenue. Sun Kissed Industries, Inc.'s /zigman2/quotes/208440261/delayed SKDI +3.77% Numuni Subsidiary Heads 'Full Steam Ahead' With Phase 2 Strategy Of Disrupting Cryptocurrency Mining, Leveraging Lucrative Revenue Streams, Taking Forefront Of Distributed Computing Industry.

The global GPU availability market Numuni targets for its digital media monetization program is projected by Allied Market Research to reach a value of $200.85 billion by 2027. That market was valued by Allied at $19.75 billion in 2019, the Company said.

Source: Stock Market Press

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