CryptoBlox to Acquire Crypto Mining Facility and Provides Corporate Update
CryptoBlox to Acquire Crypto Mining Facility and Provides Corporate Update
Vancouver, B.C, June 19, 2023 (GLOBE NEWSWIRE) -- CryptoBlox Technologies Inc. (the "Company" or "CryptoBlox") (CSE: BLOX), is pleased to announce that on June 16, 2023, it entered into a share purchase agreement (the "Agreement") with Red Water Acquisition Corp. ("Redwater") for 100% of the total issued and outstanding shares of Redwater (the "Acquisition"). Redwater will be a wholly-owned subsidiary of the Company following completion of the Acquisition. The Acquisition is a significant step for CryptoBlox in expanding its presence in the cryptocurrency mining sector.
不列顛哥倫比亞省溫哥華，2023 年 6 月 19 日（GLOBE NEWSWIRE）— CryptoBlox Technolox科技公司（”公司“或”CryptoB“)（CSE: BLOX），很高興地宣佈，它於2023年6月16日簽訂了股票購買協議（”協議“) 與紅水收購公司 (”Redwater“) 佔Redwater已發行和流通股票總額的100％（”收購“)。收購完成後，Redwater將成爲公司的全資子公司。此次收購是CryptoBlox在擴大其在加密貨幣採礦領域的影響力邁出的重要一步。
Redwater, a company specializing in air-cooled data centers and advanced heat recapture products, has obtained development rights to a prime location in Sturgeon County, Alberta, Canada for its operations. This site will serve as the foundation for Redwater's state-of-the-art crypto mining facility, designed for efficiency and cost-effectiveness. Redwater was specifically created for the purposes of completing this transaction and does not have any historical sales, or any other assets or liabilities that are being acquired by the Company.
Redwater是一家專門生產風冷數據中心和先進熱回收產品的公司，已獲得加拿大艾伯塔省斯特金縣一個黃金地段的開發權，用於其運營。該場地將作爲Redwater最先進的加密採礦設施的基礎，該設施旨在提高效率和成本效益。Redwater是專門爲完成本次交易而創建的，沒有任何歷史銷售記錄，也沒有公司正在收購的任何其他資產或負債。
The Acquisition was facilitated by True North Data Systems Ltd. ("TNDS") of Calgary, Alberta, acting on behalf of the site owner, an oil and gas producer seeking to harness the natural gas associated with oil production that is currently being flared. Redwater intends to utilize this waste gas as a sustainable and cost-effective fuel source for its mining operations, demonstrating its commitment to environmental sustainability.
此次收購由 True North Data Systems Ltd.（”TNDS“）來自艾伯塔省卡爾加里，代表場地所有者行事，該場地所有者是一家石油和天然氣生產商，正在尋求利用與目前正在燃燒的石油生產相關的天然氣。Redwater打算利用這種廢氣作爲其採礦業務的可持續且具有成本效益的燃料來源，這表明了其對環境可持續性的承諾。
"Leveraging the untapped potential of flared gas as a low-cost fuel source presents an exceptional opportunity for our mining operations" commented CryptoBlox CEO, Taryn Stemp.
“利用燃燒天然氣作爲低成本燃料來源的未開發潛力爲我們的採礦業務提供了難得的機會” CryptoBlox 首席執行官 Taryn Stemp 評論道。
To support its operations, CryptoBlox plans to enter into a long-term gas supply agreement ("GSA") and site lease with TNDS, enabling the development of generation assets to power the mining operations at the site. Initially, Redwater intends to commission 0.5 to 1.0 MW of generation capacity and mining enclosures within the next 30 to 90 days. This will facilitate the installation of the 233 high-speed application-specific integrated circuit (ASIC) that CryptoBlox is acquiring as part of the Agreement.
爲了支持其運營，CryptoBlox計劃簽訂長期天然氣供應協議（”GSA“）以及與TNDS進行場地租賃，從而能夠開發發電資產，爲現場的採礦業務提供動力。最初，Redwater計劃在未來30至90天內調試0.5至1.0兆瓦的發電能力和採礦圍欄。這將便於CryptoBlox作爲協議的一部分收購的233高速特定應用集成電路 (ASIC) 的安裝。
Furthermore, Redwater, in collaboration with TNDS, aims to expand its generation and mining footprint over the next 18 to 24 months, potentially reaching a total capacity of 3 MW or more. As part of its growth strategy, Redwater, which will be a wholly-owned subsidiary of the Company, will explore the possibility of providing peak demand capacity to the Alberta grid.
此外，Redwater與TNDS合作，計劃在未來18至24個月內擴大其發電和採礦足跡，總容量可能達到3兆瓦或更多。作爲其增長戰略的一部分，將成爲該公司的全資子公司Redwater將探索爲艾伯塔省電網提供峯值需求容量的可能性。
In exchange for 100% of the total issued and outstanding shares of Redwater, CryptoBlox will issue 220,000,000 common shares of the Company (the "Consideration Shares") at a deemed price of $0.05 per Consideration Share to the shareholders of Redwater for a deemed transaction value of $11,000,000. The Consideration Shares will be issued in tranches with 118,280,800 Consideration Shares being delivered to the shareholders on Redwater upon closing of the Acquisition, and the remaining 101,719,200 Consideration Shares to be delivered upon the completion of certain milestones being met by Redwater pursuant to the terms of the Agreement. The Acquisition was negotiated at arm's length and does not constitute a change of control. There were no finders' fees associated with this transaction.
爲了換取Redwater已發行和流通股票總數的100％，CryptoBlox將發行公司2.2億股普通股（”對價股“）以每股代價0.05美元的認定價格向Redwater的股東收取，認定交易價值爲11,000,000美元。代價股份將分批發行，收購完成後，將向Redwater的股東交付118,280,800股代價股份，剩餘的101,719,200股對價股將在Redwater根據協議條款完成某些里程碑後交割。此次收購是在保持距離的情況下談判達成的，並不構成控制權變更。這筆交易不收取任何發現者費用。
The acquisition of Redwater signifies a significant milestone for CryptoBlox and solidifies its position as a substantial player in the evolving cryptocurrency mining industry. The Company remains committed to driving sustainable and environmentally conscious practices while delivering superior mining solutions.
對Redwater的收購對CryptoBlox來說是一個重要的里程碑，並鞏固了其在不斷髮展的加密貨幣採礦行業中作爲重要參與者的地位。該公司仍然致力於推動可持續和具有環保意識的實踐，同時提供卓越的採礦解決方案。
The Consideration Shares will be issued pursuant to s. 2.16 (take-over bid and issuer bid) of National Instrument 45-106 Prospectus Exemptions. Completion of the Acquisition is subject to customary conditions precedent, board approvals and approval of the Canadian Securities Exchange.
代價股份將根據第 2.16 條發行 (收購競標和發行人出價) of National instrument 招股說明書豁免。收購的完成須遵守慣例先決條件、董事會的批准和加拿大證券交易所的批准。
Corporate Update
公司最新消息
As the Company continues to focus on its Crypto Mining Blockchain division, the Company is very pleased to welcome Akshay Sood to its Board of Directors, effective June 16, 2023. Mr. Sood is a seasoned leader in the blockchain industry, boasting years of experience in advising and incubating early-stage blockchain/web3 based startups. He has been responsible for early-stage capital raises through his venture incubation and advisory services and has been involved in high growth startups within a broad spectrum of blockchain based businesses. Mr. Sood replaces Bryson Goodwin, who has stepped down from his positions as Chief Executive Officer and Director of the Company, also effective June 16, 2023. The Company has appointed Taryn Stemp as interim Chief Executive Officer. The Company thanks Mr. Goodwin for his tenure with the Company and leadership in driving the growth of each of its Blockchain verticals.
隨着公司繼續專注於其加密採礦區塊鏈部門，公司非常高興地歡迎Akshay Sood加入其董事會，自2023年6月16日起生效。Sood先生是區塊鏈行業經驗豐富的領導者，在爲基於區塊鏈/web3的早期初創公司提供諮詢和孵化方面擁有多年的經驗。他負責通過風險投資孵化和諮詢服務進行早期資本籌集，並參與了各種基於區塊鏈的企業中的高增長初創公司。蘇德先生接替了布賴森·古德溫，布賴森·古德溫已辭去公司首席執行官兼董事的職務，自2023年6月16日起生效。公司已任命Taryn Stemp爲臨時首席執行官。公司感謝Goodwin先生在公司的任職期間以及在推動每個區塊鏈垂直領域增長方面的領導作用。
On June 9, 2023, the Company issued a total of 7,142,856 common shares at a price of $0.014 per common share to its directors and officers for a total transaction value of $100,000 in connection with services provided to the Company for the year of 2022.
2023年6月9日，公司以每股普通股0.014美元的價格向其董事和高級管理人員共發行了7,142,856股普通股，總交易價值爲100,000美元，與2022年向公司提供的服務有關。
About CryptoBlox Technologies Inc.
關於 CryptoBlox 科技公司
CryptoBlox Technologies Inc. is a blockchain technology company with diversified portfolio of fintech blockchain services, blockchain battery technologies and applications and crypto mining facilities under development. The Company's acquisition of Redwater marks a significant milestone is its plan to meet the fast-growing demand for cost-effective cryptocurrency infrastructure in North America. By integrating its mining facilities into power generation facilities in Alberta, and using state-of-the-art operations techniques, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty that can deliver some of the cleanest and lowest-cost mining operations in the world.
CryptoBlox Technologies Inc. 是一家區塊鏈技術公司，其金融科技區塊鏈服務、區塊鏈電池技術和應用程序以及正在開發的加密採礦設施等多元化產品組合。該公司對Redwater的收購標誌着一個重要的里程碑，即其計劃滿足北美對具有成本效益的加密貨幣基礎設施的快速增長的需求。通過將其採礦設施整合到艾伯塔省的發電設施中，並使用最先進的運營技術，該公司將有能力實現高度的財務選擇性和長期運營確定性，從而實現世界上一些最乾淨、成本最低的採礦業務。
For further information about the Company, please visit or call 236-259-0279.
有關公司的更多信息，請訪問 或者致電 236-259-0279。
On behalf of the Company,
代表公司，
Taryn Stemp,
Chief Executive Officer
Taryn Stemp，
首席執行官
Forward-Looking Statements
向前-查看陳述
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements respecting: completion of the Acquisition; entry into of the GSA; future plans and operations of the Company and Redwater in connection with the Acquisition; and the expected benefits to the Company and Redwater from the Acquisition. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
本新聞稿中的信息包括有關管理層對未來事件、預期、計劃和前景的看法的某些信息和陳述，這些信息和陳述構成前瞻性陳述。這些陳述基於可能存在風險和不確定性的假設。本新聞稿中的前瞻性陳述包括但不限於以下方面的陳述：收購完成；GSA的加入；公司和Redwater與收購相關的未來計劃和運營；以及收購對公司和Redwater的預期收益。儘管公司認爲前瞻性陳述中反映的預期是合理的，但它無法保證任何前瞻性陳述的預期都會被證明是正確的。除非法律要求，否則公司不打算更新或修改任何前瞻性陳述以反映實際業績，無論是由於新信息、未來事件、假設變化、影響此類前瞻性陳述的因素的變化還是其他原因。
The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
這個 案例 （由CNSX Markets Inc. 運營）既沒有批准也沒有不批准本新聞稿的內容。
譯文內容由第三人軟體翻譯。