Atlas Cloud Enterprises Inc (OTCMKTS:ATLEF) Fiscal 2018 Third Quarter Results And Future Plans

The fiscal 2018 third-quarter results for Atlas Cloud Enterprises Inc (OTCMKTS:ATLEF) indicate
great progress from what was witnessed the previous time. There were a number of things that
were attributed to the change.

First and foremost, it moved into the cryptocurrency mining services industry with the aim of
becoming a low-cost producer of cryptocurrency mining and the move has been commended
by several market analysts. The most recent acquisition was the facility which is right now
under preparations in order to be used in future as a digital currency mining operation and it
lies in Electric City, WA.

Subsequent to February 28, 2018, the business guru spent about $300,000 towards the
purchase of the outstanding and the issued shares of MKH Electric City Holdings, LLC. At this
point in time it has managed to channel almost $1.9 million to the coverage of the various
infrastructure costs as well as the related expenses in an effort to retrofit the existing
warehouse to become a monumental data center.
Lately, there has been the sourcing of outstanding distribution components. If matters turn out
according to plan, it is anticipated that the company will be able to deliver a transformer well
suited to handle the needs that have been proposed in line with the establishment of the
facility. It is worth noting that the electrical and mechanical contractors at this point in time are
already positioned onsite and of course the completion is scheduled for Q2/18.

In the course of the three month period ended February 28, 2018, it was reported that per
share the company witnessed a net loss and comprehensive loss of $0.04 or f $3,919,360.On
the three month period ended February 28, 2017, reports showed a comprehensive and net
loss of $0.01 or $190,713 for each share.

A revenue increase of about $71,954 was witnessed for the period ended February 28, 2017
which put the final figure at $107,148. And that has been attributed to proper strategizing and
employment of the latest technological advancements in the company’s business operations.
The company is hoping for better times ahead and that is why it is working on employing newer
business strategies and better planning.