The Company has acquired all of the issued and outstanding shares of
Certain infrastructure is already in place, including a land lease that the Company will assume. The land lease has a five-year term expiring
The Company will issue Pantheon
In connection with this agreement, the Company entered into a strategic partnership agreement with Pantheon whereby the Company will fund and develop the infrastructure needed to make the data processing site operational, with Pantheon providing operational and engineering expertise. The partnership has an initial term of 12 months and is thereafter cancelable by either party with 90 days’ notice. The Company will pay 10% of all revenues from the mining site to Pantheon as consideration for the agreement.
“BlockQuarry's unparalleled expertise in advanced mining techniques and technology solutions will be instrumental in shaping the future of our operations. Together, we will pioneer innovative approaches that will redefine industry standards and reshape the mining landscape.”
All Company updates, material and nonmaterial, will only be made public via press releases, Twitter and/or via the Company’s website: www.BlockQuarry.io.
About
About
Pantheon is a leader in infrastructure with a core specialization in designing and constructing power distribution systems for high-voltage sites in addition to providing tailored solutions to meet the unique needs of their clients across a wide range of industries and applications.
As a trusted partner in the energy sector,
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or the Company’s future financial performance. In some cases, forward-looking statements may be identified by terminology including "could," "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company’s current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets (www.otcmarkets.com).
Company Contact:
info@blockquarry.io
Corporate Communications:
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Source:
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