BlockchainK2
Updates Bitcoin Mining Operations with Standard Power
VANCOUVER, British
Columbia, Canada -- April 15, 2021 -- InvestorsHub NewsWire
-- BlockchainK2 Corp. (TSX.V: BITK) (OTCQB: BIDCF) (KRL2:STU) (the
"BlockchainK2"
or
"Company")
is pleased to announce an operational update to its existing profit
sharing partnership with Standard Power. The operations have been
profitably producing Bitcoin with the Company's original generation Bitmain
S9 miners since the beginning of operations in July of
2019.
Located in
Coshocton, Ohio, Standard Power has existing hosting capacity that
allows for 56 MW of power use for operations. The company also has
secured a 40 acre site in nearby Conesville, Ohio,
with plans to add an additional 160 acres there. This would provide hosting capacity to
accommodate cryptocurrency miners with up to 1,000 MW of
power use at Standard Power's below-market pricing.
This attractive price allows the Company to
have a low Bitcoin mining breakeven price for its miners and
provides a robust platform for the Company to grow its Bitcoin
mining business. The Company is using its industry reach to
identify additional hosting partners to expand its profit sharing
partnership with Standard Power.
BlockchainK2 is
looking forward to expand its working relationship with
Standard Power
with industry leading mining
hardware.
About
BlockchainK2 Corp.
BlockchainK2 Corp. is a holding
company investing in blockchain technology solutions for capital
markets and other sectors that can be made more efficient through
tokenization. The Company owns a gaming platform Amplify Games Inc
changing the way video games are distributed and promoted.
BlockchainK2 is also invested in RealBlocks, a technology platform
for private equity, private credit and real estate that provides
tokenized secondary trading of LP interests. The company's wholly owned subsidiary
iRecover Inc is working to implement the findings and principles of
behaviorism, social neurodevelopment, and behavioral economics in a
blockchain based application to support individuals recovering from
addiction. The Company also has executed a joint venture agreement
with Standard Power, an industrial scale crypto currency mining
facility with very low power costs in the United States. For
information on BlockchainK2 Corp., please visit www.blockchaink2.com.
For further information, please
contact: Sergei Stetsenko, CEO 604-630-8746
About
Standard Power
Standard
Power is a leading infrastructure
service provider for advanced data
processing companies. As part of its Tier III+ data center designs,
Standard Power focuses on technologies that support high
performance computing and is one of the first to adopt liquid
2-phase immersion cooling technology. Standard Power has developed
robust designs and systems to provide large scale blockchain mining
infrastructure to its institutional partners.
Please
visit:
https://standardpwr.com
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 Note Regarding
Forward Looking Statements
This press release contains
statements which constitute "forward-looking
statements", including information
concerning the intentions, plans and future action of the Company
described herein. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as
they relate to the Company, are intended to identify such
forward-looking statements. Investors are cautioned that
forward-looking statements are based on the opinions, assumptions
and estimates of management considered reasonable at the date the
statements are made, and are inherently subject to a variety of
risks and uncertainties and other known and unknown factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. These factors
include the general risks of a public company, currently with
limited business and financial resources, as well as those risk
factors discussed or referred to in the Company's continuous
disclosure record available at www.sedar.com. Should one or more of
these risks or uncertainties materialize, or should assumptions
underlying the forward-looking statements prove incorrect, actual
results may vary materially from those described
herein as intended, planned, anticipated, believed, estimated or
expected. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements except as
otherwise required by applicable law.
