News on sedar On December 27, 2017, the Global Blockchain Technologies agreed to purchase 6,666 Antminer S9s from Bitmain Technologies Ltd., a privately owned multinational semiconductor company headquartered in Beijing, China, for a total purchase price of USD $20,000,000 (CAD $25,468,000). Other costs associated with this purchase amounted to $6,314,436. The purchase price and other costs were paid by Global Blockchain Technologies and the rights, title and interests were transferred to the Company upon the completion of the Arrangement. Prior to the spin-out, Global Blockchain Technologies recognized an impairment of $11,637,436 to write down the equipment to its estimated value in use. These costs were recorded as a deposit in the financial statements as they were delivered to the Quebec facility after period end. On April 20, 2018, Global Blockchain Technologies completed its proposed spinout of the Company. In connection with the completion of the spin out, Global Blockchain Technologies transferred to the Company all of its rights, title and interest in: o Combined access to 175 megawatts of low-cost, reliable power in Winnipeg, Manitoba (joint venture) and Mozambique (wholly-owned) The Companys wholly owned subsidiary, Vaninga E Investimentos, Limitada (Vaninga), has a data center facility in Mozambique, which has a data center facility totaling 25 MW of capacity, with 10 MW of capacity available immediately. The Mozambique facility will host mining machines and/or seek joint ventures for the rapid procurement of cryptocurrency miners. These facilities have an average power cost of USD$.03 per KwH. o 6,666 AntMiner S9s mining rigs; o a 25-per-cent interest in DISCO o $500,000 for working capital purposes. Subsequent highlights On April 10, 2018, the Company entered into an asset purchase agreement for the purchase of 4,000 cryptocurrency mining machines in exchange for the issuance of common shares. On July 13, 2018, the Company issued 62,830,357 common shares as payment in full. To date, the Company has received 2,500 of the 4,000 cryptocurrency mining machines. The Company is currently finalizing an agreement with an arms length party to purchase 5,000 cryptocurrency mining machines. It is anticipated that as consideration for the cryptocurrency mining machines, the Company shall issue a number of common shares as follows: - 25,000,000 common shares on closing; - 14,250,000 common shares on installation of the machines in the facility selected by the Company (Delivery Date); - 8,250,000 common shares on the 90th day from the Delivery Date; and - 19,050,000 common shares on the 120th day from the Delivery Date. In May and June 2018, 7,563,332 warrants were exercised in Global Blockchain for proceeds owed to the Company of $867,600. On July 12, 2018, the Company issued 10,419,998 common shares pursuant to warrants exercised prior and subsequent to April 30, 2018. Outlook The Compan