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Cryptoblox Technologies Inc C.BLOX

Alternate Symbol(s):  CRYBF

CryptoBlox Technologies Inc. is a Canada-based blockchain technology infrastructure company. The Company is focused on building out its diversified blockchain ecosystem strategy that consists of digital asset mining and infrastructure, mining products and technology, and structured digital asset products and blockchain payments. Its infrastructure is based on the value chain that stems from off-grid/alternate energy powered digital asset mining, along with a diversified portfolio of sustainable mining and blockchain fintech products and services enabled by both the sustainable mining products and technology and structured blockchain products and services divisions. It is focused on providing alternate energy solutions to power digital asset mining operations throughout North America, with the first site being in Redwater, Alberta. Redwater is a modular air-cooled data center facility, powered by flared gas and equipped with heat recapture capabilities in Sturgeon County, Alberta.


CSE:BLOX - Post by User

Post by Nnwwzzon Feb 23, 2022 1:00am
158 Views
Post# 34452669

New pr is boo boo

New pr is boo booSo they ordered 10k units from themselves? (abenate's a part of robe) and no reverse merger with daymak? People were setting up expectations for crypto assets on the balance sheet q1 2022. Guess they were full of it, too. And optimal and robe are antithetical to each other in terms of their own stated aims of green or carbon neutral mining. Great. "As compensation for the Acquisition, and based on arms length negotiation, the Company will issue 55 million common shares of the Company (the Consideration Shares), at a price of $0.25 per common share, to the shareholders of Optimal, for a deemed transaction valuation of $13,750,000. The Company has been completing significant market research and believes pivoting towards the cryptocurrency space will derive the greatest value out of its blockchain-based technologies while providing the Company and its shareholders direct exposure to the cryptocurrency industry. 30 million of the Consideration Shares will be issued subject to a right of the Company to repurchase such shares for nominal consideration in the event certain performance milestones are not met by Optimal following the Acquisition. " So they paid 13m for a 'pipeline' of developments? Why? Why would a crypto mining company, not yet set up and running, with assets on its balance sheet, be worth 13m? Scam.
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