Vancouver, B.C., Aug. 08, 2023 (GLOBE NEWSWIRE) — CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to provide a corporate update. The Company has recently acquired 100% of Redwater Acquisition Corp. (“Redwater”). Redwater is a modular air-cooled data center facility, equipped with heat recapture capabilities in Sturgeon County, Alberta. With this acquisition, CryptoBlox has made significant strides towards its expansion within the cryptocurrency mining sector. The Company has secured plans to deploy up to 1 megawatt (MW) of capacity within Redwater with potential expansion plans of up to 3 MW over the next 18 to 24 months in collaboration with True North Data Solutions. Furthermore, True North Data Solutions and Redwater have secured an advantageous gas supply agreement (GSA) that is expected to reduce energy costs by 90.91% as compared to average market rates, coming in at $0.015 per kilowatt-hour (kWh). Powering Redwater’s mining op
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