The Company to Exponentially Expand its Kaspa Mining Operations and Significantly Ramp Up its Kaspa Growth Capabilities with Strategic AcquisitionVancouver, B.C., Dec.03, 2024 (GLOBE NEWSWIRE) -- Dynamite Blockchain Corp.1 (the "Company” or "Dynamite”) (CSE: BLOX)2 is pleased to announce that it has entered into a binding arm’s length Securities Exchange Agreement (the "Acquisition”), dated December 2, 2024, to acquire 100% of the outstanding shares of Kaspa Mining Limited ("Target” or "Kaspa Mining”).
Forward- looking statements in this news release include, without limitation, statements respecting: the Acquisition; completion of the Acquisition; an increase in the Company’s Kaspa mining operations and further access to a network of Kaspa-focused services; the potential ramping up of Kaspa Mining’s operations; the use of capacity under the MSA; efficiency of Kaspa Mining’s operations; and the anticipated benefits to the Company of the Acquisition.
Kaspa Mining currently owns and operates twenty-five (25) high-performance Bitmain KS5 Pro Kaspa miners and the Acquisition is expected to also provide the Company with access to the Target’s expansive Kaspa-focused capabilities and networks.
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