Ms. Taryn Stemp reports

CRYPTOBLOX MAXIMIZES ECONOMIC POTENTIAL WITH DEPLOYMENT OF 133 S19J PRO 104/TH BITMAIN ASIC MINERS AND LAVRIUM AI INTEGRATION

AI (artificial intelligence) technology that will be developed by Lavrium LLC will be integrated into the modular data centre optioned by Cryptoblox Technologies Inc.'s wholly owned subsidiary, Red Water Acquisition Corp. (Redwater). This strategic collaboration, coupled with the installation of 133 Bitmain S19J Pro 104/TH ASIC miners at Redwater's facility, is intended to further enhance the data centre's operational efficiency, cost-effectiveness and environmental sustainability.

With the recent installation of 133 Bitmain S19J Pro 104/TH ASIC miners, Redwater has significantly boosted its mining capacity. These high performance miners deliver a maximum total hash rate of 13,182 terahashes per second, or 1.3 petahashes per second, representing a substantial increase in Redwater's computational power and mining capabilities. This expanded capacity positions Redwater to capitalize on the growing demand for cryptocurrency mining.

By integrating Lavrium's AI technology with the newly installed miners, Redwater will further optimize utilization of computing resources. AI algorithms dynamically manage and allocate workloads, maximizing mining performance while minimizing energy waste. This intelligent workload optimization is expected to not only enhance profitability but also reduce operational costs, further contributing to the economic benefits derived from the installation of these high performance miners.

Furthermore, Lavrium's AI capabilities, combined with Redwater's advanced data analytics, will enable predictive maintenance strategies that minimize downtime and optimize operational efficiency. Real-time monitoring and analysis of the miners' systems will also pro-actively detect patterns and anomalies that may indicate potential equipment failures. By addressing these issues pro-actively, Redwater will be able to decrease interruptions to its mining operations.

By analyzing real-time data on power usage, temperature and workload patterns, the data centre will dynamically allocate computing resources and adjust HVAC (heating, ventilation and air conditioning) parameters for optimal energy efficiency without compromising mining performance. This data-driven approach will not only reduce operational costs but also support Cryptoblox in its efforts to become a leader in sustainable mining practices, driving economic benefits while prioritizing environmental responsibility.

"The convergence of cutting-edge AI technology and the integration of 133 high performance Bitmain ASIC miners marks an significant moment for Cryptoblox," commented Cryptoblox interim chief executive officer Taryn Stemp. "We stand poised to establish fresh benchmarks for operational efficiency, energy optimization and profitability. This strategic alliance, coupled with augmented mining capabilities, reinforces our commitment to ushering exceptional economic benefits for the company."

About Cryptoblox Technologies Inc.

Cryptoblox Technologies is a blockchain technology company with diversified portfolio of fintech blockchain services, blockchain battery technologies and applications, and crypto mining facilities under development. The company's acquisition of Redwater marks a significant milestone in its plan to meet the fast-growing demand for cost-effective cryptocurrency infrastructure in North America. By integrating its mining facilities into power generation facilities in Alberta and using state-of-the-art operations techniques, the company will be positioned to achieve a high degree of financial optionality and long-term operational certainty that can deliver some of the cleanest and lowest-cost mining operations in the world. The company recently acquired a 100-per-cent interest in Redwater, which is a company specializing in air-cooled data centres and advanced heat recapture products. Committed to environmental sustainability, Redwater aims to revolutionize the crypto mining sector through innovative technologies that enhance efficiency and reduce the industry's carbon footprint.

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