Savas Joins the Cormint Board

Fort Stockton, Texas – October 2, 2023 – Cormint Data Systems, Inc. (“Cormint”), an emerging Bitcoin miner focused on becoming North America’s lowest cost producer of Bitcoin is delighted to announce the strengthening of our Corporate Governance with the appointment of Savas Karas as a non-Executive Director.   

Savas brings 25 years of experience in the information technology sector.   He is currently Chief Technology Officer and the Chief Transformation Officer of CAPREIT, a national multi-family housing company.  CAPREIT owns and operates more  than 16,000 multi-family units across the United States.  Savas holds a Bachelors of Business Administration in Finance and a Masters of Business Administration, and Management Information Systems from Loyola University Maryland.  He is a Certified Public Accountant (CPA), a Certified Global Managerial Accountant (CGMA), and a Six Sigma Master Black Belt (SSMB).  Savas has extensive Board experience spanning for-profit and non-profit Boards. 

After its successful Series A and ongoing success of its Bitcoin Denominated Venture Debt Offering, Cormint has now fully funded its expansion plan to at least 2.4 EH/s of self mining at its Fort Stockton, Texas site by Q3 2024.   

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Contact: [email protected]

Please note that this press release is for informational purposes only and it does not represent an offer to sell or the solicitation of an offer to buy any of Cormint’s securities.

This press release contains a number of forward-looking statements. Words such as “expect,” “will,” “working,” “plan” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements reflect Cormint’s current views with respect to, among other things, future events. These forward-looking statements are not guarantees of future results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Cormint’s control. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to Cormint’s ability to deliver and execute on its strategic plans; Cormint’s ability to maintain free cash flows and increase its operating margins and other risks related to Bitcoin mining.