CryptoBlox Provides Update Respecting Optimal Power Generation and Crypto Mining Project


Cryptoblox Technologies Inc.

Vancouver, BC, April 15, 2022 (GLOBE NEWSWIRE) – CryptoBlox Technologies Inc. (or “Company“you”CryptoBlox”) (CSE: BLOX) (OTCQB: CRYBF) is pleased to announce that its wholly owned subsidiary, Optimal CP Inc. (“Great”) Has secured the development rights for a site in the southern part of Athabasca County, Alberta, Canada, where it intends to develop its cryptographic mining facilities.

The transaction was facilitated by OJF Capital Ltd (“OJF”), From Calgary, Alberta, which represents the site’s owner, an oil producer who seeks to make use of the natural gas associated with the production of oil that is currently burning. Optimal intends to use waste gas to power its mining operations in a cost-effective and environmentally friendly manner.

“Using a gas that has no market and must be burned offers an ideal low cost fuel source of mining ” pointed out Kevin Gilchrist, president of Optimal.

OJF CEO Alex O’Rourke added “By creating value for gas that no other market has, Optimal is providing a valuable economic benefit to the producer while helping it to responsibly manage on-site combustion emissions..

Optimal intends to enter into a long-term gas supply contract (“GSA”) And on-site leasing with the producer that will allow Optimal to develop generation assets to drive on-site mining operations. The initial capacity planned at the site will be 3.5 to 5.0 MW of generation capacity and mining enclosures, which Optimal intends to allow and launch in the next 60 to 90 days to support the installation of 1,000 to 1,500 high-speed applications specific integrated. circuit miners (ASIC) on site for the next six months.

Working with the producer, Optimal aims to leverage initial production and mining footprint with the potential to increase this overall capacity to 10 MW or more over the next 18 to 24 months. During this time, Optimal plans to investigate the potential to provide maximum demand capacity to the Alberta network.

“The latest addition to our blockchain portfolio (Optimal) is making great strides and is on track to begin cash flows in the next quarter. We look forward to continuing to build this vertical throughout 2022, commented CryptoBlox CEO Bryson Goodwin.

The establishment of a major generation and mining facility in Alberta would allow CryptoBlox to leverage its Optimal purchase to help fulfill its vision and expand its reach in the blockchain space.

On behalf of the Company,

Bryson Goodwin,
Chief Executive Officer

About CryptoBlox Technologygies inc.

CryptoBlox Technologies Inc. is a blockchain and battery chain technology company with patented and revolutionary battery management systems (BMS) designed to meet the growing demand for scalable and intelligent solutions for the electric vehicle (EV) and energy storage solutions markets. (ESS) in rapid growth. The company is committed to supporting global recycling solutions by offering recycling initiatives using its technology to completely analyze and completely renovate used batteries.

About Optimal CP Inc.

Optimal CP Inc. is a company focused on meeting the rapidly growing demand for cost-effective cryptocurrency infrastructure in North America. Optimal CP’s focus on integrating its mining facilities into Alberta’s power generation facilities and using state-of-the-art operations techniques will allow it to achieve a high degree of financial option and long-term operational certainty that some of the mining operations can offer. cleaner and lower cost in the world.

Contact numbers and emails

For more information about the company, visit https://wwwcryptoblox.ca
For investor inquiries, please contact (236) 259-0279 or email info@cryptoblox.ca
All communications are handled by AlphaOne Media Group Inc.

Prospective statements

The information in this press release includes certain information and statements about the vision of the direction of future events, expectations, plans and perspectives that constitute statements for the future. These statements are based on assumptions that are subject to risks and uncertainties. Forward-looking statements in this press release include, among others, the development of Optimal its cryptographic mining facility at the new site, Optimal’s intention to use waste gas to power its mining operations, the hiring of Optimal in the GSA and the lease of the site, the initial capacity plan, Optimal’s schedule for permits, commissions, and installation, and Optimal’s intent to provide maximum demand capacity. Although the Company considers the expectations reflected in the forward-looking statements to be reasonable, it cannot guarantee that the expectations of any forward-looking statements are correct. Except as required by law, the Company disclaims any intent 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 to such forecasts. statements or otherwise.

CSE (operated by CNSX Markets Inc.) did not approve or disapprove of the content of this press release.



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