CryptoBlox Announces its Annual 2021 Financial Results

Vancouver, B.C, June 1, 2022 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX)
(OTCQB: CRYBF) is pleased to announce its financial results for the year ended January 31, 2022. All
financial information in this press release is reported in Canadian dollars, unless otherwise indicated.
CryptoBlox CEO, Bryson Goodwin, commented
“Despite continued COVID lockdowns and global supply shortages, the Company stayed focused and grew
its cash position, assets and blockchain verticals. Our focus has always been to develop a well-balanced
portfolio of blockchain assets by taking advantage of global trends such as the transition to smart and
micro power grids, electric vehicle (EV) and energy storage system (ESS) products and the growing focus
on blockchain based cryptocurrency.”
“We started the year by rapidly growing our battery technology division, then built up our application
technology, which now incorporates cryptocurrency in its platform, and finished the year with a key
acquisition in the cryptocurrency mining vertical. I am delighted with the successful execution of our
corporate strategy, especially during difficult global conditions. We see the Company continuing the
momentum into the 2022 fiscal year,” continued Mr. Goodwin.
2021 Fiscal Year Highlights:

  • Increased Cash by 229%, as compared with January 31, 2021
  • Increased Assets by 706%, as compared with January 31, 2021
  • Decreased Liabilities by 51%, as compared with January 31, 2021
    “The Company’s balance sheet is significantly stronger year over year, which is reflective of several capital
    raises and the smart, strategic allocation of our resources,” said Mr. Goodwin.
    “These financial statements reflect conservative accounting practices, as the assets do not include over
    $13.75M worth of investment into our cryptocurrency division, which we believe will be a key driver of
    growth in 2022. We believe it is better to be conservative and then aim to beat expectations to drive
    value for our shareholders,” continued Mr. Goodwin.
    Corporate Update
    The Company remains focused on driving growth across all verticals of its blockchain business
    portfolio. Notable developments have been made in the Application (App) Technology Division, which is
    being tested across its battery products (such as the SmartWall). The Company hopes to be able to have
    this application ready for customers in 2022. Global supply shortages and increases in demand for battery
    cells, circuit boards and shipping have caused delays in delivering certain products (such as the SmartWall)
    to customers in 2021. However, as the world exits this trying period, shipping and production are
    becoming feasible again and the Company remains confident that China will continue easing its COVID
    restrictions to ensure global supply is met.
    The most exciting development has been in the crypto mining division where the Company made
    significant investments into securing a favorable site with historically cold temperatures, a low cost power
    purchase agreement, which is the largest input cost in crypto mining, and high performance crypto mining
    equipment, which is difficult to secure at the current time. The Company plans to build on this division in
    2022 and is confident it will start to generate positive cash flow from this division by mid-year.
    The financial and operating results discussed in this release are based on the Company’s audited
    consolidated financial statements and related management’s discussion and analysis for the year ended
    January 31, 2022, which are available on It is only in the context of the fulsome
    information and disclosures contained in such documents that an investor can properly analyze the
    information discussed herein.
    On behalf of the Company,
    Bryson Goodwin,
    Chief Executive Officer
    Contact Numbers and Emails
    For further information about the Company, please visit
    For Investor Inquiries, please contact (236) 259-0279 or email
    All communications are managed by AlphaOne Media Group Inc.
    Forward Looking Statements
    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 assumptionsthat are subject to risks and uncertainties. Forward looking
    statements in this news release include, but are not limited to, the Company’s plans and continued
    momentum in the 2022 fiscal year, the Company staying on track for a successful year, China easing
    restrictions, shipping and production becoming more feasible, and the Company’s plans to build out its
    crypto mining division. 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.
    The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this
    press release
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