- CryptoBlox’s (BLOX) Optimal CP has secured rights to develop a crypto mining facility in Alberta
- The site owner, an oil producer, entered into the agreement with Optimal to power the future mining site using flared natural gas
- The facility will house 1,000 to 1,500 high-speed ASIC miners over the next six months
- Its initial capacity of 3.5-5 MW may be expanded to over 10 MW over the next 18-24 months
- CryptoBlox, formerly Extreme Vehicle Battery Technologies, is a blockchain and battery technology company
- CryptoBlox (BLOX) is up by 5 per cent trading at $0.0525 per share
CryptoBlox’s (BLOX) Optimal CP has secured rights to develop a crypto mining facility in Alberta.
Optimal CP is focused on meeting the demand for cost-effective cryptocurrency infrastructure in North America.
The site owner, an oil producer, entered into the agreement with Optimal to power the future mining site using flared natural gas.
Optimal intends to enter into a long-term gas supply agreement and site lease with the producer.
The initial planned capacity will be 3.5-5 MW – which Optimal intends to permit and commission in the next 60 to 90 days – with potential expansion to over 10 MW over the next 18 to 24 months.
The site will accommodate 1,000 to 1,500 high-speed ASIC miners over the next six months.
“The most recent addition to our blockchain portfolio (Optimal) is making tremendous progress and is on track to commence cash flows in the coming quarter. We are excited to continue to build this vertical throughout 2022,” stated Bryson Goodwin, CryptoBlox’s CEO.
CryptoBlox, formerly Extreme Vehicle Battery Technologies, is a blockchain and battery technology company offering battery management systems for the electric vehicle and energy storage markets.
CryptoBlox (BLOX) is up by 5 per cent trading at $0.0525 per share as of 1:03 pm EST.