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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 carbontokensmarket.com to provide a single source for price and market information on existing carbon tokens and aggregate news for carbon tokens. It also operates the Minter browser, which enables users to also be able to earn fractional ownership in a non-fungible token (NFT). The Company’s wholly owned subsidiaries, BlockMint (Canada) Technologies Inc. (BlockMint-Canada) and its wholly owned subsidiary, BlockMint (USA) Technologies Inc. (BlockMint-USA), are in the business of developing distributed systems and networks that enable a more decentralized deployment of blockchain based applications.


TSXV:BKMT - Post by User

BlockMint Technologies Inc
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Post by maysilverstoneon Jun 17, 2021 2:06pm
102 Views
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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