CryptoBlox to Acquire Digital Mining Infrastructure Company


CryptoTherm designs, manufactures and sells one of the world’s most advanced crypto mining systems based on immersion cooling and thermal heat exchange technology.

Vancouver, BC, January 20, 2023 (GLOBE NEWSWIRE) — CryptoBlox Technologies Inc. (the “Company” either “CryptoBlox”) (CSE: BLOX) is pleased to announce that it has entered into a definitive arm’s length share purchase agreement (the “Agreement”), dated January 17, 2023, with CryptoTherm (defined herein) and 1289048 BC Ltd. (the “Seller”) to acquire (the “Acquisition”) of Supplier 100% of the outstanding shares of CryptoTherm Manufacturing Inc. (“CryptoTherm”).

About CryptoTherm

CryptoTherm specializes in designing and building liquid-cooled data centers and advanced heat recovery products. These data centers are specifically designed for cryptocurrency mining, allowing for maximum efficiency and profitability.

CryptoTherm’s advanced heat recovery products are innovative solutions that capture and reuse the heat generated during the mining process. This helps reduce energy costs and minimize the environmental impact of mining operations.

The CryptoTherm team has a deep understanding of the challenges and opportunities in the digital currency industry and is dedicated to helping its clients succeed. In this, CryptoTherm’s products and services are designed to minimize start-up costs, downtime and operating expenses for customers.

Integration in CryptoBlox

The company will utilize CryptoTherm’s industry-leading immersion cooling and thermal heat exchange technology as it grows its digital currency blockchain division. The Company will also allocate resources to grow CryptoTherm’s business of selling dipping pods, ASIC miners, crypto vaults and cooling dipping fluids.

This strategic acquisition is a continuation of the Company’s focus on its digital currency division and follows other strategic investments, such as the Company’s investment in Optimal CP, Inc. The Company’s goal is to become a major player in the space of the digital currency and further consolidate its position. in the industry.

I am delighted with this Agree with CryptoBlox, stated Austin Bank, CEO of CryptoTherm. This acquisition will allow us to join forces and leverage our complementary strengths for even greater success. I am confident that together we will be able to explore new opportunities and unlock the full potential of our combined experience and resources. I am excited about the future possibilities this acquisition brings and look forward to working with the talented team at CryptoBlox to drive innovation and growth in the digital currency industry.” added Mr. Bank.

The Acquisition will involve the issuance of 400 million common shares of the Company (the “Consideration Actions”) at a price of $0.05 per common share to the Provider in exchange for all of the outstanding common shares of CryptoTherm, for a net transaction value of $20,000,000. 320 million of the Consideration Shares will be subject to restrictions ( the “restrictions”) at trade expiration as follows: 10% 12 months after closing; 10% 24 months from closing; 20% 36 months from closing; 20% 48 months from closing; and 40% 60 months from closing. The Consideration Shares will be issued in accordance with s. 2.16 (takeover bid and issuer’s offer) of the National Instrument 45-106 prospectus exemptions. The Company does not believe that the Acquisition will be considered a Fundamental Change of the Company (as defined in Policy 8 Fundamental changes and business changes of the Canadian Stock Exchange (the “CSE”)). Upon completion of the Procurement, the Supplier’s principal is expected to become an insider (as defined in National Instrument 55-104 Insider Information Requirements and Exemptions) of the company.

This is one of our most exciting investments and our most strategic acquisition to date, stated Bryson Goodwin, CEO of CryptoBlox.

The acquisition will allow us significantly grow our digital currency blockchain division and unlock the incredible value of CryptoTherm. Us highlight the following:

  • given CryptoTherm It is an operating business the acquisition is expected add immediately income a CryptoBlox;
  • youconsidered the stock value of $0.05 to stand out CryptoTherm‘s confidence in the fundamental value of CryptoBlox;
  • CryptoTherm immersion cooling technology Will strengthen our intellectual property position within the digital currency market; Y
  • youhe conservative and long term restrictions reflect the intention of CryptoTherm team, who will become significant shareholders of CryptoBlox, to build long term value a CryptoBlox.

We believe that the Acquisition will allow us significantly grow our digital currency blockchain division and unlock the incredible value of CryptoTherm, concluded Mr. Goodwin.

Completion of the Acquisition is subject to customary conditions precedent, including completion of a formal valuation with respect to CryptoTherm, board approvals, and CSE approval.

On behalf of the company,

Bryson Goodwin,
Executive Director

Contact numbers and emails

For more information about the Company, visit

For investor inquiries, please contact (236) 259-0279 or email [email protected]

Forwardlooking for statements

The information in this press release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based on assumptions that are subject to risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements regarding: completion of the Acquisition; and the expected benefits to the Company and CryptoTherm from the Acquisition. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the expectations in any forward-looking statement will turn out to be correct. Except as required by law, the Company disclaims any intention and does not assume any obligation to update or revise forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors that affect such future results. -statements in search or otherwise.

He CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.


Cryptoblox Technologies Inc