HyperBlock Inc. (“HyperBlock” or the “Company“) (CSE: HYPR) is pleased to announce that its board of directors recently appointed Sean Walsh as Chairman, a position he will occupy in addition to his role as the Company’s Chief Executive Officer.

Mr. Walsh commented, “For better or worse, cryptocurrency mining turns on doing the right things during the “painfully dark days” when profits are down and the sector is out of favor. Then, when crypto prices recover, one may potentially be perfectly positioned to profit and grow quickly. A little patience and discipline to make investments slightly out of phase with the crypto price cycles can yield great financial benefits. To my mind, one fundamental truth is this… crypto prices can increase far more quickly than mining datacenter space, the countervailing force to crypto mining profitability. To wit, Bitcoin prices are up more than 3x YTD, yet datacenter space has not tripled and would likely take years to achieve. Yes, ASIC chip technology also advances, but again at a relatively slow rate compared to what crypto prices are capable of.”

SOURCE HyperBlock

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