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BlockMint Technologies Inc V.BKMT

Alternate Symbol(s):  BKLIF

Technology Software - Application
BlockMint Technologies Inc. is a Canada-based company, which operates the Website carbontokensmarket.com to be a single source of information on the expanding carbon tokens market, and operates the Minter browser (available at getminter.com), which enables a more decentralized deployment of blockchain based applications by allowing users to use their spare computing power to mine cryptocurrencies to earn either carbon credits to help offset their carbon footprint or fractional ownership in a NFT (non-fungible token). The Company’s subsidiary, BlockMint (Canada) Technologies Inc., is engaged in the business of developing distributed systems and networks that enable a decentralized deployment of blockchain based applications, such as cryptocurrency mining.


TSXV:BKMT - Post by User

BlockMint Technologies Inc
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Post by maysilverstoneon Jun 17, 2021 2:06pm
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Post# 33405255

$BKMT Signs Agreement to Acquire Cryptocurrency Mining Fac.

$BKMT Signs Agreement to Acquire Cryptocurrency Mining Fac.
Great news out today for $BKMT which is flying up 9.1% (at $0.18)!
 
BlockMint announced that they have signed an agreement to acquire a facility powered by clean energy and low-cost hydropower, for cryptocurrency mining located in Manitoba, Canada. The facility is configured for about 3 MW of power but there is potential to further expand available power beyond 3MW.
 
They plan to install cryptocurrency mining hardware directly purchased and/or through rev. share arrangements with one or more third parties. For the facility, BlockMint would pay $900k, comprised of $350k payable in cash and the balance of $550k payable in common shares of the Company.
 
BlockMint's CEO, Nelson Ijih commented, "The potential acquisition of this mining facility allow us for the first time to directly mine cryptocurrencies. It also supports our commitment to the sustainable use of blockchain based applications which we first conveyed with the introduction of the carbon offset feature of our Minter cryptomining browser."
 

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