Blockchain
BlockMint Signs Agreement to Acquire Clean Energy, Sustainable Cryptocurrency Mining Facility in Canada
- 3MW cryptocurrency mining facility to be powered by clean, sustainable low-cost hydropower.
- BlockMint will now be able to directly mine cryptocurrency and potentially offer other crypto miners a safe, low cost sustainable mining location outside China.
- Allows BlockMint to greatly expand its cryptomining capabilities in a green and sustainable manner.
Vancouver, British Columbia–(Newsfile Corp. – June 17, 2021) – BlockMint Technologies Inc. (TSXV: BKMT) (“BlockMint” or the “Company”) is pleased to announce that it has signed an agreement to acquire a facility for cryptocurrency mining located in Manitoba, Canada, which will be powered by clean, sustainable and low-cost hydropower. The facility is currently configured for approximately 3 MW of power to be sourced from Manitoba Hydro. Until recently, the facility operated as a bitcoin mining operation and is being sold to BlockMint without the bitcoin mining rigs. Power costs are highly competitive and there is potential to further expand available power beyond 3 MW. Following the proposed acquisition, BlockMint intends to install cryptocurreny mining hardware either directly purchased and/or through revenue share arrangements with one or more third parties.
BlockMint’s CEO, Nelson Ijih commented, “The potential acquisition of this mining facility represents a major milestone for BlockMint. It will allow us for the first time to directly mine cryptocurrencies. It also supports our commitment to the sustainable use of blockchain based applications which we first conveyed with the introduction of the carbon offset feature of our Minter cryptomining browser. We have been very deliberate in our search for an acceptable mining facility wanting to ensure that any cryptomining undertaken by the Company is done in an environmentally friendly and responsible manner. It is also timely given the increased scrutiny of cryptocurrency mining by Chinese authorities which is causing many miners to search for new locations outside China to place recently ordered hardware. This facility ticks all the boxes for miners searching for a new facility, i.e. low power costs, clean energy, favorable and safe jurisdiction, etc. It represents a new and exciting chapter for the Company.“
Under the terms of the agreement, the Company would pay CDN$900,000, comprised of CDN$350,000 payable in cash and the balance of CDN$550,000 payable in common shares of the Company (the “Shares”), for the facility. The price of the Shares to be issued to the vendor in settlement of the purchase price is to be calculated as the volume weighted average price of BlockMint’s common shares on the TSX Venture Exchange (“TSXV”) for the ten trading days immediately preceding the closing date of the transaction. Closing of the proposed acquisition is conditional upon approval by the TSXV, final due diligence and inspection of the facility and other closing conditions typical for the acquisition of an industrial facility. The Shares to be issued to the vendor upon closing of the transaction will be subject to a hold period expiring four months and a day after their date of issuance.
About BlockMint Technologies Inc.
BlockMint, through its wholly owned subsidiary, Blockmint (USA) Technologies Inc., develops distributed systems and networks that enable a more decentralized deployment of blockchain based applications such as cryptocurrency mining. The Company’s Minter browser allows users to use their spare computing power to mine cryptocurrencies to earn either: (i) carbon credits to help offset their carbon footprint; or (ii) fractional ownership in a NFT. The current version of Minter is for use on desktops and laptops with a Windows operating system and is available at getminter.com.
On behalf of
BLOCKMINT TECHNOLOGIES INC.
Nelson Ijih
Nelson Ijih, CEO
[email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the closing of the transaction to acquire the facility for cryptocurrency mining, purchase and installation of mining equipment in the facility, potential arrangements with third parties, power costs, and the business strategy and objectives of BlockMint. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. There is further no assurance that the Company will be successful in developing, commercializing or profitably operating its new business in the manner described. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87821
This June 4-5, the premier MARE BALTICUM Gaming & TECH Summit will be held at the luxurious Hilton Tallinn Park in Tallinn, Estonia. This event promises to be a pivotal gathering for industry leaders in iGaming and technology, offering a deep dive into regulatory trends, technological innovations, and market dynamics.
Day 1 Highlights (June 4, 2024)
- Regulatory Evolution in iGaming: Adapting to the Baltic Standards
- Learn how the Baltic region’s latest regulatory policies are shaping the iGaming landscape and what it means for businesses.
- Global Stakes: Navigating iGaming Regulation in Serbia, the USA, Spain, and Austria
- An essential discussion for those looking to understand the complex and diverse regulatory environments across these key markets.
- Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations
- Explore how traditional financial systems are integrating with revolutionary fintech and blockchain technologies to set new industry standards.
- IMGL Masterclass – Navigating MiCA, EU AI Act, and DSA in the Digital Age
- A masterclass addressing the impact of critical EU regulations on the digital and iGaming sectors.
- Regulatory Evolution in iGaming: Adapting to the Nordic Standards
- Dive into the Nordic iGaming regulations and discover strategies to navigate this unique market.
- eSports Dynamics: Overcoming Regional Barriers & Seizing Growth
- Uncover the secrets to expanding in the global eSports arena, overcoming regulatory and cultural challenges.
Day 2 Highlights (June 5, 2024)
- Future-Proofing Digital Engagement: Mastering Gamification, Mobile Innovation, and Regulatory Compliance in the AI Era
- This session will focus on leveraging gamification and mobile technology to meet today’s digital and regulatory demands effectively.
- Centre of Positive Influence (COPI) session
- Engage in discussions that inspire and drive positive change across the gaming and tech industries.
- Make search engine bots love your affiliate website!
- Gain valuable SEO strategies to enhance your affiliate marketing efforts and boost your site’s visibility.
- Gaming & TECH Marketing: PeopleTech Synergies between Affiliation, PR, SEO, and Neuromarketing
- Learn how integrating various digital marketing disciplines can create powerful synergies for your business.
- Workshops on Baltic Compliance in Web3, Fintech, and Blockchain; and Mastering iGaming Compliance in the Baltic Region
- These intensive workshops will provide hands-on insights into navigating the regulatory landscapes of emerging technologies and iGaming compliance.
Networking Opportunities
Aside from the informative sessions, the summit offers unparalleled networking opportunities, including welcome drinks and two exclusive evening parties. These gatherings are perfect for making lasting connections, exchanging ideas, and fostering collaborations with industry peers.
Don’t Miss Out!
Whether you are looking to stay ahead of regulatory changes, explore new markets, or simply connect with industry leaders, the MARE BALTICUM Gaming & TECH Summit is the place to be. Secure your spot today and be part of shaping the future of the gaming and tech industries.
Register now to ensure your place at this essential industry event, and stay tuned for more updates as we approach the summit dates. Join us in Tallinn to connect, learn, and innovate with
The post Discover the Future of iGaming & TECH at the MARE BALTICUM Gaming & TECH Summit appeared first on HIPTHER Alerts.
Blockchain
XCAD Network to Launch Inaugural v2 Creator Token $DON on Ape Terminal with YouTube Star TheDonato
XCAD Network, a leading Watch2Earn tokenisation platform for YouTubers, is excited to announce the upcoming launch of its inaugural V2 creator token, $DON, in collaboration with Ape Terminal. The creator token to be launched in partnership with TheDonato, South America’s prominent content creator with 40M+ subscribers and 7B views, has garnered over 25,000 sign-ups and a 2,400% oversubscription.
The strategic listing on Ape Terminal aims to draw TheDonato’s vast fanbase into the crypto space, which would inject fresh capital from Web2 users, marking a significant milestone for XCAD Network’s foray into creator tokens. The launch of $DON signifies a new chapter in
fan engagement and content monetisation, revolutionising the relationship between creators and their audiences.
Oliver Bell, CEO and Co-founder of XCAD Network, shared his vision for the collaboration with Ape Terminal and TheDonato, stating, “This launch on Ape Terminal represents a transformative moment for XCAD Network and the creator economy at large. With Ape
Terminal’s sophisticated infrastructure, it provides the perfect launchpad for creator tokens like $DON, facilitating seamless transactions and ensuring broad accessibility to both seasoned crypto enthusiasts and newcomers from Web2.”
Through the upcoming launch of $DON, fans will be turned into stakeholders through governance. They will also find a deeper engagement with TheDonato through meet-and-greet sessions, featuring in TheDonato’s videos, an exclusive Discord community, and more.
“The $DON token is just the beginning,” added Bell. “Our platform empowers creators like TheDonato to deepen connections with their fans while offering fans unprecedented access and influence over their favourite content. The collaboration will enable us to roll out a suite of
creator tokens that empower fans and enhance the digital content landscape. We are thrilled to see how this evolves and the new opportunities it creates for creators and their communities.”
With a total supply of 1 billion tokens, the $DON token allocation includes 30% for fan incentives, 20% for pre-sale, 30% for MM-Exchange-LP, and 10% each for contributors and marketing. Through $DON, fans transcend traditional boundaries, gaining unparalleled access
and influence over TheDonato’s creative journey while being rewarded for their unwavering support.
This launch will not only mark a milestone for XCAD Network, but also underscore Ape Terminal’s position as the go-to platform for groundbreaking crypto ventures, ushering in a new era of creator-fan interaction and financial empowerment.
The post XCAD Network to Launch Inaugural v2 Creator Token $DON on Ape Terminal with YouTube Star TheDonato appeared first on HIPTHER Alerts.
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