Vancouver, British Columbia, April 15, 2022 (GLOBE NEWSWIRE)-CryptoBlox Technologies Inc. (“society” Also “CryptoBlox“) (CSE: BLOX) (OTCQB: CRYBF) Is a wholly owned subsidiary of Optimal CP Inc. (“”Optimal”) Is located in the southern part of Athabasca County, Alberta, Canada, and has secured the right to develop a site that plans to develop a cryptocurrency mining facility.
The transaction was facilitated by OJF Capital Co., Ltd. (“OJF”), Representing a site owner in Calgary, Alberta, an oil producer seeking to utilize the natural gas associated with currently flared oil production. Optimal will use waste gas to fuel mining operations in a cost-effective and environmentally friendly way.
“Using gas that has no market and must be flared provides an ideal Low cost fuel Source of mining work “ Kevin Gilchrist, President of Optimal, said.
Alex O’Rourke, CEO of OJF, said:Optimal helps growers responsibly manage flare emissions in the field while providing valuable economic benefits to producers by creating value for gas that is not available in other markets. “..
Optimal plans to enter into a long-term gas supply contract (“GSA”) And site leasing with producers. This allows Optimal to develop power generation assets to power the mining operations at the site. The initial planned capacity at the site is 3.5-5.0 MW of power generation capacity and mining enclosures, and Optimal permits and permits in the next 60-90 days to support the installation of 1,000-1,500 high-speed specific-purpose agglomerations. We are planning a trial run. Site circuit (ASIC) miner for the next 6 months.
Optimal believes that it will work with producers to build on its initial power generation and mining footprint, with the potential to increase this overall capacity to more than 10 MW in the next 18-24 months. During this time, Optimal will investigate the possibility of providing peak demand capacity to the Alberta grid.
“The latest additions to our blockchain portfolio (optimal) have made remarkable progress and we plan to start cash flow in the next quarter. We are excited to continue to build this vertical throughout 2022. Is,“ CryptoBlox CEO Bryson Dowin commented.
By establishing an important power generation and mining facility in Alberta, CryptoBlox can leverage Optimal’s purchases to realize its vision and expand its reach in blockchain space.
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about CryptoBlox Technorogies Inc.
CryptoBlox Technologies Inc. is an innovative patented battery management designed to meet the growing demand for scalable and smart solutions for the fast-growing electric vehicle (EV) and energy storage solutions (ESS) markets. A blockchain and battery technology company with systems (BMS). The company is committed to supporting global recycling solutions by using its technology to analyze used batteries and provide a fully recycled recycling initiative.
About optimal CP Ltd.
Optimal CP Inc. is a company focused on meeting the demand for the fast-growing, cost-effective crypto infrastructure in North America. Optimal CP integrates mining facilities into Alberta’s power generation facility and focuses on using state-of-the-art operational technology, resulting in a high degree of economic selectivity and long-term operational certainty. , The cleanest and lowest cost mining business in the world.
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For more information about our company, please see below. https://wwwcryptoblox.ca
For inquiries from investors, please contact us at (236) 259-0279 or email us. email@example.com
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Description of future prospects
The information in this news release contains specific information and statements regarding future events, expectations, plans, and management’s views of the outlook that make up the forward-looking statement. These statements are based on assumptions that are affected by risk and uncertainty. The future outlook for this news release includes Optimal’s intention to develop a crypto mining facility at a new site, Optimal’s intention to use waste gas to fuel mining operations, and Optimal’s entry into GSA and site leasing. It includes, but is not limited to, the original plan. Optimal’s intent to provide capacity, permits, test runs, installation timelines, and peak demand capacity. We believe that the expectations reflected in our forward-looking statements are reasonable, but there is no guarantee that our forward-looking statements will prove to be correct. Unless required by law, we do not know the actual results, whether or not they are the result of new information, future events, changes in assumptions, or changes in factors that influence such future prospects. We undertake no obligation to update or revise any forward-looking statement to reflect. Statement or other.
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