Vancouver, British Columbia--(Newsfile Corp. - January 11, 2018) - GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (TSXV: BLOC)
(FSE: BWSP) (OTC Pink: BLKCF) ("GBT" or the "Company") is pleased to announce it has made a strategic
investment of C$2.0 million in Spectra7 Microsystems Inc. (TSX: SEV) ("Spectra7"), a leading provider of high-performance analog
semiconductor products for broadband connectivity markets. In November 2017, Spectra7 announced a new product line optimized for
blockchain processing data centers. Data Centers focused on blockchain processing are extremely dedicated to network and
computational efficiency. Spectra7's BCI-2500 products enable copper cables up to three times the reach of passive copper cables at
dramatically lower power levels than alternative solutions. Spectra7's BCI-2500 product line is the market's first to address the
specific needs of data centers running blockchain applications including Bitcoin mining.
Bringing its unique signal processing technology to the critical interconnect layer of the data center, Spectra7 offers the
following benefits to Blockchain systems:
- Breakthrough Low Power - Up to 80% less power consumption than competing solutions.
- High Performance - Scalable server and switch line rates from 25Gbps to 400Gbps.
- Low Cost - Typically 50% the cost of competing solutions.
Shidan Gouran, President of Global Blockchain noted, "Among our major investment themes in blockchain is our basket of
investments in cryptocurrency mining operators and operations. We intend to focus our partners and investee companies on
maximizing their efficiencies and optimizing their competitive advantage via cost savings that result in the lowest quartile cost
of production. As an investor in this exciting new area, GBT aims to deliver strategic dollars and utilize its holistic knowledge
of the space to facilitate real synergy and cross pollination as well as cooperation across its portfolio."
GBT's investment was made as part of Spectra7's recently completed C$15.3 million bought deal public offering of units. Pursuant
to its investment, GBT received 2,000 senior unsecured convertible debentures of Spectra7 (TSX: SEV.DB.A) with a principal amount
of C$1,000 each, bearing interest at 7.0% annually, and 2.85 million common share purchase warrants. Each warrant entitles GBT to
acquire one common share in the capital of Spectra7 at a price of $0.50 per common share until January 9, 2021.
For more information, please contact info@globalblockchain.io
About Global Blockchain Technologies Corp.
Global Blockchain Technologies Corp. is an investment company which proposes to provide investors access to a basket of holdings
within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies.
GBT is listed on the TSX Venture Exchange and its common shares trade under the ticker symbol "BLOC." Other information relating
to GBT is available on SEDAR at www.sedar.com as well as on the Company's
website at www.globalblockchain.io.
On behalf of:
GLOBAL BLOCKCHAIN TECHNOLOGIES CORP.
Shidan Gouran
President
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Generally, any
statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified
by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases
or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved".
Forward-looking information includes, but is not limited to the Company's goal of streamlining the current arduous, lengthy and
complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to
becoming the first vertically integrated originator and manager of top-tier blockchains and digital currencies. The Company has no
assets and its business plan is purely conceptual in nature and there is no assurance that it will be implemented as set out
herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at
the time such statements are made, including but not limited to: statements and expectations regarding the ability of the Company
to (i) successfully engage senior management with appropriate industry experience and expertise, (ii) gain access to and acquire a
basket of cryptocurrency assets and pre-ICO and ICO financings on favourable terms or at all, (iii) successfully create its own
tokens and ICO's, and (iv) execute on future M&A opportunities in the cryptocurrency space; receipt of required regulatory
approvals; the availability of necessary financing; permitting and such other assumptions and factors as set out herein.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied
by such forward-looking information, including but not limited to: risks related to changes in cryptocurrency prices; the
estimation of personnel and operating costs; general global markets and economic conditions; risks associated with uninsurable
risks; risks associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry
experience and expertise; risks associated with changes in the financial auditing and corporate governance standards applicable to
cryptocurrencies and ICO's; risks related to potential conflicts of interest; the reliance on key personnel; financing,
capitalization and liquidity risks including the risk that the financing necessary to fund continued development of the Company's
business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of
additional common shares of the Company; the risk of litigation. Although the Company has attempted to identify important factors
that could cause actual results to differ materially from the forward-looking information set out in this presentation, there may
be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such
forward-looking information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and
the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to
forward-looking statements.
Neither 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.
