Author: Shubham Dixit

CryptoBlox Signs Definitive Agreement to License Modular Renewable Energy Powered Mining Infrastructure Patent Rights for Four Years

Vancouver, B.C., November 20, 2023 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to announce that it has entered into a patent license agreement (the “Agreement”) with Crypto Green Tech Inc. (“Crypto Green”), an Ontario corporation, whereby CryptoBlox has acquired a four-year royalty-free, assignable, worldwide license (the “License”) to develop and distribute products based on Crypto Green’s crypto-mining hybrid solar and wind tree with water reservoir system (the “Renewable Energy Powered Crypto Mining Technology” or the “Technology”). Crypto Green holds the rights to a patent application submitted with the International Bureau of WIPO (the “Patent Rights”) respecting the Renewable Energy Powered Crypto Mining Technology. The License is a significant step towards further expanding CryptoBlox’s off-grid, alternative energy powered digital asset mining infrastructure.

Terms of the License
In consideration for the License, CryptoBlox has agreed to issue an aggregate of 40,000,000 common shares in the capital of the Company (the “Common Shares”) at a deemed price of $0.05 per Common Share to the shareholders of Crypto Green, for a deemed transaction value of $2,000,000. The License was negotiated at arm’s length and is not expected to result in a change of control of CryptoBlox. A finder’s fee of 2,800,000 Common Shares, representing 7% of the number of Common Shares issuable pursuant to the License, will be payable to the party that introduced Crypto Green to the Company. All Common Shares issued pursuant to the License and the finder’s fee will be subject to a hold period of four (4) months and one (1) day under applicable securities laws.

The closing of the License with Crypto Green is subject to the satisfaction of customary closing conditions for a transaction of this nature, the approval of the Canadian Securities Exchange, and the approval of the boards of directors of both CryptoBlox and Crypto Green.

About Crypto Green
Crypto Green is a technology company focused on merging state-of-the-art technology with eco-friendly practices. By embedding renewable energy at the core of their innovations, Crypto Green is part of a global transition towards environmentally conscious digital solutions. Their patent pending Renewable Energy Powered Crypto Mining Technology uses a modular renewable energy-powered device that allows users to mine digital assets by generating electricity through a series of solar panels and wind turbines, all built in a way that maximizes efficiency in a fusion of sustainable green energy and decentralized finance.

In addition to digital asset mining, the Renewable Energy Powered Crypto Mining Technology can extend out to additional utilities such as charging electric cars and back-up power for residential housing. However, the Company believes that mining efficient crypto-mining algorithms will likely be the most profitable use of energy generated via the Technology’s innovative combination of wind turbines and solar panels. Subject to applicable regulatory regimes, as the Renewable Energy Powered Crypto Mining Technology generates energy via renewables, users may also be able to accrue carbon credits, which when monetized, could another revenue stream, thus further increasing bottom-line profitability.

Strategy Overview
CryptoBlox’s recent acquisition of Redwater Acquisition Corp., a modular air-cooled data center facility, powered by flared gas in Sturgeon County, Alberta, kick-started the Company’s alternate energy powered off-grid digital asset mining strategy. Flaring is the process of taking gas that is either unsuitable for commercial grade operations and/or gas used in oil and gas operations and using it to generate electricity. This process reduces methane leakage into the atmosphere, which is a significant concern for sites that have trapped untapped natural gas, given methane is over 80 times more harmful to the atmosphere than carbon dioxide [https://www.edf.org/climate/methane-crucial-opportunity-climate-fight]. By tapping into these otherwise wasted resources, a significant amount of power can be generated inexpensively (compared to on-grid power). Such power, when used in digital asset mining, can enhance profitability. Using power from flared gas also ensures that digital asset mining can occur on site, which can further save on infrastructure costs (as compared to on-grid power).

Cryptoblox’s acquisition of the License represents an effort to further diversify and scale its off-grid energy asset infrastructure, potentially enter the retail market and further develop hyper-modular digital asset mining farms where the Company could self-mine various digital assets using the Renewable Energy Powered Crypto Mining Technology. In addition, the Company intends to further optimize the Technology to make it more efficient and profitable through the implementation of alternative crypto mining algorithms.

“Taking this next step with Crypto Green comes at a pivotal moment for us as we look to revamp our off-grid mining capabilities to go beyond flared gas sites. We hope the License will mark the beginning of an incredible journey, one where we bring Crypto Green’s technology to as many people as possible in our journey towards a greener future” says Akshay Sood, Chief Executive Officer of CryptoBlox.

CryptoBlox’sinvestment into alternate energy powered off-grid mining infrastructure underlines its commitment to acquiring cheap energy for digital asset mining operations. Given the global energy crises and recent US emergency grid mandates [https://www.energy.gov/sites/default/files/2023-09/ERCOT%20202(c)%20Order.pdf], the Company also plans to scale through other acquisitions of stranded energy assets that provide cheap energy, reduce methane emissions and provide an alternative to on-grid energy and the associated intermediary risks.

“We at Crypto Green are extremely thrilled to announce this strategic partnership with CryptoBlox as we take our eco-conscious technology to market. We look forward to CryptoBlox providing fuel for the fire in our overarching commercialization strategy and subsequent rollout”, states Mike Chow, Chief Executive Officer of Crypto Green.

“Expanding our alternate energy infrastructure is one of our main focuses as we head into the next phase of digital asset adoption, with the speculated launch of Bitcoin Spot ETFs being a frontrunning catalyst along with the anticipated Bitcoin Halving Event (the “Halving”) that is coming up in April 2024. “We are betting on being in control of inexpensive power such that our digital asset mining operations remain profitable irrespective of market conditions and the reduced rewards that we expect to follow the Halving”, says Mr. Sood.

On behalf of the Company,
Akshay Sood
Chief Executive Officer

About CryptoBlox Technologies Inc.
CryptoBlox Technologies Inc. is a blockchain technology company focusing on building out alternate energy powered digital asset mining infrastructure enhanced with artificial intelligence, along with a diversified portfolio of fintech blockchain products and services. The company will be focused on powering digital asset mining operations through flare gas operations throughout North America – with the first acquisition being in Redwater, Alberta. By using alternative energy sources and state-of-the-art operations techniques powered by AI, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty, which can result in some of the cleanest and lowest-cost digital asset mining operations in the world.

For further information about the Company, please visit https://www.cryptoblox.ca or call 236-259-0279.

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 assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: the terms of the License, the closing of the License; the Company’s development and distribution of Renewable Energy Powered Crypto Mining Technology; the expected benefits to the Company resulting from the Patent Rights; the eventual granting of the patent to the Renewable Energy Powered Crypto Mining Technology; the ability of the Company to bring the Renewable Energy Powered Crypto Mining Technology to market; the Company’s plans to expand its alternate energy powered off-grid digital asset mining operations; the uses and benefits of Crypto Green’s technology; the Company’s entry into the retail market; the further optimization of the Renewable Energy Powered Crypto Mining Technology using alternative algorithms; future digital asset adoption; the speculated launch of the Bitcoin Spot ETFs; and energy efficiencies associated with the Renewable Energy Powered Crypto Mining Technology and flared gas power. 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 Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

CryptoBlox Announces Shares Consolidation

Vancouver, B.C., October 18, 2023 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX), is pleased to announce that its board of directors has approved a consolidation (the“Consolidation”) of the Company’s issued and outstanding shares on the basis of ten (10) pre-consolidation common shares for every one (1) post-consolidation common share (the “Consolidation Ratio”). The Company currently has 664,055,092 common shares outstanding and will have approximately 66,405,509 common shares outstanding after completion of the Consolidation, subject to rounding and the elimination of any fractional shares resulting from the Consolidation. The number and exercise price of outstanding stock options and warrants of the Company will similarly be adjusted by the Consolidation Ratio. Further detail respecting the Consolidation, including the effective date thereof, will be provided in a subsequent news release.

The Consolidation is subject to the acceptance of the Canadian Securities Exchange (“CSE”). The Company will not be changing its name or trading symbol in conjunction with the Consolidation.

On behalf of the Company,
Akshay Sood
Chief Executive Officer

About CryptoBlox Technologies Inc.
CryptoBlox Technologies Inc. is a blockchain technology company focusing on building out clean energy powered digital asset mining infrastructure enhanced with artificial intelligence, along with a diversified portfolio of fintech blockchain products and services. The company will be focused on powering digital asset mining operations through flare gas operations throughout North America – with the first acquisition being in Redwater, Alberta. By using alternative energy sources and state-of-the-art operations techniques powered by AI, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty, which can result in some of the cleanest and lowest-cost digital asset mining operations in the world.

For further information about the Company, please visit https://www.cryptoblox.ca or call 236-259-0279.

Forward-Looking Statements
This news release contains certain forward-looking statements. The use of the word “expected”, “projected”, “pursuing”, “plans” and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this news release include statements regarding the Consolidation. The forward-looking statements are made as at the date hereof and the Company disclaims any intent or obligation to publicly update any forward-looking statements, where because of new information, future events or results, or otherwise, except as required by applicable securities laws.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

CryptoBlox Signs LOI for Modular Renewable Energy Powered Mining Infrastructure

Vancouver, B.C., Sept 26, 2023 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX), is pleased to announce the signing of a non-binding letter of intent (“LOI”) with Crypto Green TechInc. (“Crypto Green”) for a strategic partnership whereby CryptoBlox will acquire the rights to Crypto Green’s patent pending modular, renewable energy-powered crypto mining infrastructure.

About Crypto Green Tech
Crypto Green is a technology company aiming to revolutionize the digital realm by merging state-of-the-art technology with eco-friendly practices. By embedding renewable energy at the core of their innovations, Crypto Green is part of a global transition towards environmentally conscious digital solutions. Crypto Green’s innovations involve the fusion of the sustainable principles of green energy with the transformative potential of decentralized finance. Their technology, which is patent pending, pertains to a modular renewable energy-powered device that allows users to mine digital assets by generating electricity through a series of solar panels and wind turbines, all built in a way that maximizes efficiency.

“We are extremely excited to bring the Crypto Green technology to as many people as possible in our journey towards a greener future” says Akshay Sood, Chief Executive Officer of CryptoBlox.

CryptoBlox Strategy
With the recent acquisition of Redwater Acquisition Corp. (“Redwater”), a modular air-cooled data center facility, powered by flared gas in Sturgeon County, Alberta, CryptoBlox began rolling out an off-grid mining strategy that utilizes alternate energy (such as flare gas in Redwater’s case) to power digital asset mining operations. The Company looks to expand its alternate energy powered off-grid digital asset mining operations with the acquisition of exclusive rights to Crypto Green’s technology that enables modular, renewable energy-powered mining infrastructure development and deployment world-wide.

“CryptoBlox is looking to shape the next paradigm of digital asset mining and we hope that having a company like Crypto Green as strategic partner will allow us to do so at an accelerated pace” added Mr.Sood.

Industry Disruption
Acquiring rights to the patent pending technology and its exclusive world-wide development and distribution is expected to allow CryptoBlox to extend their off-grid mining infrastructure to retail users while further developing hyper-modular digital asset self-mining farms using the technology. Beyond digital asset mining, the Crypto Green technology can be used in many ways. Users can charge their electric car, use the stored power as a backup for their house or monetize the energy generated (without 3rd parties) through digital asset mining. Traditionally, to monetize excess energy generation via renewables, users are required to sell that energy back to the grid operator/utility company at a fraction of the electricity market rate. However, through the innovative design of Crypto Green’s technology and the fundamentals of blockchain technology, the need for an intermediary regarding monetization has been eliminated. Subject to applicable regulatory regimes, users can monetize more profitably as they keep 100% of all their mining revenue while also accruing carbon credits which can then be further monetized in the future.

The exclusive development and distribution rights granted to CryptoBlox would strengthen the Company’s position in the alternate energy powered off-grid mining space – further compounding on
their existing alternate energy powered digital asset mining strategy. The Company plans to additionally scale through the incorporation of stranded energy assets that provide cheaper energy. This development comes at a crucial time when climate change is causing energy crises globally. Emergency grid mandates that we have seen in recent years pose a significant risk to all energy-intensive operations, including digital asset mining powered by on-grid electricity. The Company’s aim is to reduce its and its customers’ reliance on on-grid energy and the associated intermediary risks by investing in stranded/renewable energy assets. The closing of the transaction with Crypto Green is subject to, among other matters, the completion of due diligence, the negotiation of a definitive agreement providing for the transaction, satisfaction of the conditions negotiated therein and approval of the transaction by the board of directors of both
CryptoBlox and Crypto Green.

On behalf of the Company,
Akshay Sood
Chief Executive Officer

About CryptoBlox Technologies Inc.
CryptoBlox Technologies Inc. is a blockchain technology company focusing on building out clean energy powered digital asset mining infrastructure enhanced with artificial intelligence, along with a diversified portfolio of fintech blockchain products and services. The company will be focused on powering digital asset mining operations through flare gas operations throughout North America – with the first acquisition being in Redwater, Alberta. By using alternative energy sources and state-of-the-art operations techniques powered by AI, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty, which can result in some of the cleanest and lowest-cost digital asset mining operations in the world.
For further information about the Company, please visit https://www.cryptoblox.ca or call 236-259-0279.

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 assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: CryptoBlox and Crypto Green entering into a definitive and binding agreement with respect to their partnership; the development and distribution of Crypto Green’s technology by the Company; the expected benefits to the Company resulting from the partnership with Crypto Green and its technology; the ability of the Company to bring Crypto Green’s product to market; the Company’s plans to expand its alternate energy powered off-grid digital asset mining operations; the Company’s ability to shape the next paradigm of digital asset mining; the uses and benefits of Crypto Green’s technology; and the Company’s plan to further scale through the incorporation of stranded energy assets. 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 Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

CryptoBlox Signs LOI To Acquire Rights to Digital Asset License

Vancouver, B.C., Sept 28, 2023 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX), is pleased to announce the signing of a non-binding letter of intent (“LOI”) with Blockchain Fintech Unipessoal LDA (“Blockchain Fintech”), for a strategic partnership where CryptoBlox will acquire the rights to a digital asset license (the “License”) based in the European Union.
About Blockchain Fintech Solutions
Blockchain Fintech, is a company specializing in developing blockchain based technologies that help bridge the blockchain adoption gap. With a mission to streamline the transition onto the blockchain economy, Blockchain Fintech pioneers user-friendly payment solutions that redefine the way individuals and businesses currently transact – both locally and internationally. Through their innovative blockchain based payment solutions, Blockchain Fintech is not only revolutionizing traditional payment systems but also catalyzing a broader shift towards both digital and decentralized financial ecosystems. They are doing this through their unparalleled commitment to accessibility and ease of use. This commitment extends beyond mere functionality, as they prioritize user experience to ensure that individuals of all backgrounds can navigate Blockchain Fintech products confidently and efficiently, while not being expected to understand the complexities of the underlying blockchain technology.

“This partnership comes as part of a broader blockchain ecosystem strategy” explained Akshay Sood, Chief Executive Officer of CryptoBlox. “At CryptoBlox, we are extremely thrilled to begin work on introducing our own structured digital asset products that will be enabled by the License,” added Mr. Sood.

CryptoBlox’s License Strategy
Following completion of the transaction with Blockchain Fintech, CryptoBlox’s exclusive rights to the License would allow the Company to expand its business lines to include structured digital asset products. CryptoBlox will be laser focused on upholding the vision set out by Blockchain Fintech by mprioritizing user experience while providing market-tested functionality to all accompanying products that will be rolled out. Amongst the planned structured product suite, CryptoBlox is exploring a plethora of financial digital solutions designed to help onboard both the banked and unbanked onto the blockchain economy in an efficient and user-friendly manner.

CryptoBlox Blockchain Ecosystem
The rights acquisition of this License, if completed, would add to CryptoBlox’s larger ecosystem strategy which paints a 3-prong approach:
1. The first prong attests to the Company’s alternate/renewable energy powered mining infrastructure which is enabled by the acquisition of alternate energy assets that allow CryptoBlox to sustainably and profitably mine digital assets like Bitcoin irrespective of market conditions. This can be seen within the recent acquisition of Redwater Acquisition Corp.
(“Redwater”), a modular air-cooled data center facility, powered by flared gas in Sturgeon County, Alberta, where the Company’s energy costs are as low as $0.015/kwh. And with the signing of a non-binding letter of intent with Crypto Green Tech Inc. (“Crypto Green”) for a strategic partnership whereby CryptoBlox is poised to acquire the rights to Crypto Green’s patent-pending modular, renewable energy-powered crypto mining infrastructure. Overall, this infrastructure layer is the foundation upon which the Company will further develop its ecosystem.

2. Atop the infrastructure layer, CryptoBlox will be developing a digital asset financial layer with a goal to increase adoption within the blockchain economy. This digital asset financial layer will be first enabled by the acquisition of the rights to the License, with a subsequent goal of seeking strategic partnerships with payment rails providers, financial institutions, and digital asset liquidity providers. As CryptoBlox continues expanding its mining infrastructure and subsequent capacity, the Company intends to develop a robuststructured digital asset financial product suite which allows for liquidity to self-perpetuate within the CryptoBlox ecosystem, while also providing a gateway to launch additional retail focused mining products in the future.

3. Furthermore, integrated within the digital asset financial layer sits the blockchain-based payments layer, targeted to improve the network scalability issues within major blockchain
networks. The Company aims to integrate its blockchain based payments layer within its larger ecosystem to create a circular value structure that enables scalability, increases transaction
speed while lowering transaction costs within both CryptoBlox’s structured digital asset products/services and its mining infrastructure/operations.

“CryptoBlox’s ecosystem strategy sees a vision for circular and continued value capture across all lines of business. Our rights acquisition to the License would mark a significant step towards that vision, especially through the introduction of our structured digital asset products in the future,” commented Mr. Sood.

The closing of the transaction with Blockchain Fintech is subject to, among other matters, applicable regulatory approvals, the completion of due diligence, the negotiation of a definitive agreement providing for the transaction, satisfaction of the conditions negotiated therein and approval of the transaction by the board of directors of both CryptoBlox and Blockchain Fintech.
On behalf of the Company,
Akshay Sood
Chief Executive Officer

About CryptoBlox Technologies Inc.
CryptoBlox Technologies Inc. is a blockchain technology company focusing on building out clean energy powered digital asset mining infrastructure enhanced with artificial intelligence, along with a diversified portfolio of fintech blockchain products and services. The company will be focused on powering digital asset mining operations through flare gas operations throughout North America – with the first acquisition being in Redwater, Alberta. By using alternative energy sources and state-of-the-art operations techniques powered by AI, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty, which can result in some of the cleanest and lowest-cost digital asset mining operations in the world.
For further information about the Company, please visit https://www.cryptoblox.ca or call 236-259-0279.

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 assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: the Company entering into a binding, definitive agreement with Blockchain Fintech; the Company completing the transaction with Blockchain Fintech and acquiring the rights to the License; the Company introducing its own structured digital asset products using the License; products that the Company expects to launch pursuant to the License; and the Company’s plans for its blockchain ecosystem, including the development of a digital asset financial layer, and its ability to execute on the same. 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 Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

CryptoBlox Maximizes Economic Potential with Deployment of 133 S19J Pro 104/th Bitmain ASIC Miners and Lavrium AI Integration

Vancouver, B.C, August 3, 2023 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX), is pleased to announce that AI technology that will be developed by Lavrium LLC (“Lavrium”) will be integrated into the modular data center (the “Data Centre”) optioned by the Company’s wholly-owned subsidiary, Red Water Acquisition Corp. (“Redwater”). This strategic collaboration, coupled with the installation of 133 Bitmain S19J Pro 104/TH ASIC miners at Redwater’s facility, is intended to further enhance the Data Centre’s operational efficiency, cost-effectiveness, and environmental sustainability.

With the recent installation of 133 Bitmain S19J Pro 104/TH ASIC miners, Redwater has significantly boosted its mining capacity. These high-performance miners deliver a maximum total hash rate of 13,182 TH/s or 1.3 PH/s, representing a substantial increase in Redwater’s computational power and mining capabilities. This expanded capacity positions Redwater to capitalize on the growing demand1 for cryptocurrency mining.

By integrating Lavrium’s AI technology with the newly installed miners, Redwater will further optimize utilization of computing resources. AI algorithms dynamically manage and allocate workloads, maximizing mining performance while minimizing energy waste. This intelligent workload optimization is expected to not only enhance profitability but also reduces operational costs, further contributing to the economic benefits derived from the installation of these high-performance miners.

Furthermore, Lavrium’s AI capabilities, combined with Redwater’s advanced data analytics, will enable predictive maintenance strategies that minimize downtime and optimize operational efficiency. Real-time monitoring and analysis of the miners’ systems will also proactively detect patterns and anomalies that may indicate potential equipment failures. By addressing these issues proactively, Redwater will be able to decrease interruptions to its mining operations.

By analyzing real-time data on power usage, temperature, and workload patterns, the Data Centre will dynamically allocate computing resources and adjust HVAC parameters for optimal energy efficiency without compromising mining performance. This data-driven approach will not only reduce operational costs but also support CryptoBlox in its efforts to become a leader in sustainable mining practices, driving economic benefits while prioritizing environmental responsibility.

“The convergence of cutting-edge AI technology and the integration of 133 high-performance Bitmain ASIC miners marks an significant moment for CryptoBlox” commented CryptoBlox Interim CEO, Taryn Stemp. “We stand poised to establish fresh benchmarks for operational efficiency, energy optimization, and profitability. This strategic alliance, coupled with augmented mining capabilities, reinforces our commitment to ushering exceptional economic benefits for the Company”.

On behalf of the Company,

Taryn Stemp,

Interim Chief Executive Officer

About CryptoBlox Technologies Inc.

CryptoBlox Technologies Inc. is a blockchain technology company with diversified portfolio of fintech blockchain services, blockchain battery technologies and applications, and crypto mining facilities under development. The Company’s acquisition of Redwater marks a significant milestone in its plan to meet the fast-growing demand for cost-effective cryptocurrency infrastructure in North America. By integrating its mining facilities into power generation facilities in Alberta, and using state-of-the-art operations techniques, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty that can deliver some of the cleanest and lowest-cost mining operations in the world. The Company recently acquired a 100% interest in Redwater Acquisition Corp. which is a company specializing in air-cooled data centers and advanced heat recapture products. Committed to environmental sustainability, Redwater Acquisition Corp aims to revolutionize the crypto mining sector through innovative technologies that enhance efficiency and reduce the industry’s carbon footprint.

For further information about the Company, please visit https://www.cryptoblox.ca or call 236-259- 0279.

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 assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: the future plans and operations of the Company and Redwater; Redwater’s partnership with Lavrium and the benefits thereof, including to the cost-effectiveness of Redwater’s mining operations; the effectiveness of Lavrium’s AI algorithms and their impact on Redwater’s efficiency and profitability and the sustainability of its operations; the features of the Data Centre; and the future performance of the Data Centre. 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.

CryptoBlox Maximizes Efficiency and Operational Control with Modular Data Centre, Powered by Lavrium’s AI Capabilities

Vancouver, B.C, August 1, 2023 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX), is pleased to announce the successful acquisition and implementation of a modular data centre (the “Data Centre” or the “Facility”) from True North Data Systems Ltd. (“TNDS”) by its wholly owned subsidiary, Red Water Acquisition Corp. (“Redwater”). The Data Centre has a capacity for up to 300 ASIC mining machines. This significant achievement underscores CryptoBlox’s steadfast dedication to providing efficient and cost-effective solutions to the cryptocurrency mining industry. By working with Lavrium to harness the capabilities of Artificial Intelligence (AI) capabilities, CryptoBlox is positioned to revolutionize the technical and automation aspects of its modular Data Centre, opening doors to unprecedented advancements and exceptional opportunities for investors.

Through the integration of AI algorithms, the Data Centre expects the ability to optimize its operations significantly. By analyzing real-time data from power distribution units (PDUs) and connection ports, AI algorithms can efficiently allocate power, enhance network performance, and ensure a stable power supply for the computing systems, mitigating the risk of power failures and elevating the overall efficiency and reliability of Redwater’s Data Centre.

The development of Lavrium’s AI technology is expected to be instrumental in optimizing network connectivity by analyzing data from the 50 connection ports. These algorithms will be designed to closely monitor network traffic, identify bottlenecks or congestion, and dynamically adjust network settings, ensuring seamless and efficient data transfers.

A standout feature of the facility is its advanced, automated WAGO-based control panel, incorporating a Human-Machine Interface (HMI) for HVAC parameters and building exhaust fan automation. With Variable Frequency Drive (VFD) technology and strategically placed sensors, the exhaust system efficiently monitors and controls internal temperatures at three different points within the building, ensuring optimal conditions and maximizing operational control.

To enhance performance further, the building’s air intake louvers are heat traced, effectively preventing winter frost and air intake clogging. This meticulous design guarantees uninterrupted airflow, enabling optimal functioning. Heat Trace actuation is efficiently managed through the local building control panel, providing enhanced control and operational flexibility.

CryptoBlox’s modular Data Centre is designed as a fully-automated facility with remote management capabilities, empowering centralized monitoring and control. By harnessing Lavrium’s developing cutting-edge AI capabilities, CryptoBlox aims to achieve unparalleled levels of operational efficiency, cost-effectiveness, and environmental sustainability within its modular Data Centre. The areas of particular strategic focus include:

Predictive Maintenance: AI algorithms, once developed, will continuously monitor the Data Centre’s systems, proactively detecting patterns and anomalies that may hint at indicate potential equipment failures. This proactive approach is expected to enable timely maintenance, minimizing downtime, and optimizing operational efficiency, ultimately driving profitability.

Energy Optimization: CryptoBlox’s Data Centre analyzes real-time data on power usage, temperature, and workload patterns. This empowers the facility to optimize the allocation of computing resources and adjust HVAC parameters to achieve superior energy efficiency without compromising performance. The result is expected to be substantial cost savings and improved profitability.

Workload Optimization: CryptoBlox, with the aid of AI algorithms developed in partnership with Lavrium, aims to optimize the allocation of computing resources within the Data Centre, ensuring efficient utilization of ASIC mining machines. This dynamic workload management is expected to maximize mining performance while minimizing energy waste, ultimately enhancing profitability.

Environmental Monitoring: Deploying AI-powered sensors throughout the facility, CryptoBlox continuously monitors air quality, temperature, and other environmental factors. AI algorithms will be developed to process this real-time data, enabling proactive adjustments to HVAC settings, air intake, and exhaust control. This is expected to ensure optimal conditions, minimize energy consumption, and highlight CryptoBlox’s commitment to environmental sustainability.

Remote Management and Control: Leveraging AI-enhanced remote management capabilities, CryptoBlox gains real-time monitoring and control of the Data Centre’s operations. This includes the ability to make dynamic adjustments to power distribution, temperature settings, and other critical parameters from a centralized control system.

“The acquisition of this cutting-edge modular Data Centre from TNDS marks a pivotal moment for CryptoBlox,” commented CryptoBlox Interim Chief Executive Officer, Taryn Stemp. “Our strategic collaboration with Lavrium will empower us to harness the power of AI and advanced data analytics, which will optimize our mining operations and potentially set new industry standards for profitability, energy efficiency, and environmental responsibility.”

Ms. Stemp emphasized Lavrium’s data-driven approach and unwavering commitment to energy efficiency, stating, “Lavrium’s data-driven approach and its AI algorithms will play a crucial role in optimizing power distribution and network performance within the Data Centre. This integration is expected to lead to enhanced efficiency, reliability, and overall performance across our operations.”

CryptoBlox’s dedication to delivering innovative and sustainable solutions to the cryptocurrency mining industry remains steadfast. The acquisition of this cutting-edge modular Data Centre further solidifies the

Company’s commitment to providing highly efficient, cost-effective, and environmentally conscious solutions.

With a focus on groundbreaking acquisitions and strategic collaborations, CryptoBlox demonstrates its commitment to innovation, profitability, and sustainable practices. The integration of Lavrium’s technologies further strengthens CryptoBlox’s position as an industry leader, enabling them to optimize operations and achieve exceptional results.

On behalf of the Company,

Taryn Stemp,
Interim Chief Executive Officer
About CryptoBlox Technologies Inc.

CryptoBlox Technologies Inc. is a blockchain technology company with diversified portfolio of fintech blockchain services, blockchain battery technologies and applications, and crypto mining facilities under development. The Company’s acquisition of Redwater marks a significant milestone in its plan to meet the fast-growing demand for cost-effective cryptocurrency infrastructure in North America. By integrating its mining facilities into power generation facilities in Alberta, and using state-of-the-art operations techniques, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty that can deliver some of the cleanest and lowest-cost mining operations in the world. The Company recently acquired a 100% interest in Redwater Acquisition Corp. which is a company specializing in air-cooled data centers and advanced heat recapture products. Committed to environmental sustainability, Redwater Acquisition Corp aims to revolutionize the crypto mining sector through innovative technologies that enhance efficiency and reduce the industry’s carbon footprint.

For further information about the Company, please visit https://www.cryptoblox.ca or call 236-259- 0279.

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 assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: the future plans and operations of the Company and Redwater; Redwater’s partnership with Lavrium and the benefits thereof, including to the cost-effectiveness of Redwater’s mining operations; the effectiveness of Lavrium’s AI algorithms and their impact on Redwater’s efficiency and profitability and the sustainability of its operations; the features of the Data Centre; and the future performance of the Data

Centre. 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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