Forward- looking statements in this news release include, but are not limited to, statements respecting: completion of the Kaspa miners acquisition and the timing thereof; the impact of Kaspa’s PoW architecture on the Company’s efficiency and profitability; the Company’s hope to strengthen its position within the growing Kaspa ecosystem and deliver superior returns to shareholders through exposure to Kaspa; Kaspa’s advantages positioning it as a highly scalable and versatile asset, suited to outperform traditional PoW assets; optimism with respect to cryptocurrencies; Kaspa outperforming other cryptocurrencies; investors seeking alternative PoW assets that are based around sustainable mining practices and reduced operational costs; Kaspa’s advantages translating into long-term value appreciation; and the Company being positioned to become a leader in the Kaspa ecosystem.
As we expand our Kaspa mining capabilities, we are positioning CryptoBlox to become a leader within this rapidly growing ecosystem.” "Bitcoin has been setting record highs, which is great for the Company’s Redwater site, but in the most recent weeks Kaspa has outperformed Bitcoin significantly and we expect this trend to continue as cryptocurrencies continue to rally.” Leveraging Efficient, Cost-Effective Mining Operations for Kaspa On October 31, 2024 the Company announced the acquisition of a turn key Kaspa mining operation.
Once closed, the Company believes this acquisition will optimize CryptoBlox’s operational efficiency (and therefore profitability), based on the economics of the management services agreement that will underpin the Company’s Kaspa mining operation and serves as a critical part of the deal.
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