Mr. Akshay Sood reports

CRYPTOBLOX COMMENTS ON SURGING KASPA PRICES

Cryptoblox Technologies Inc. is commenting on its recent strategic bet on Kaspa, with the company's pending acquisition of Kaspa miners, as further described in the company's news release dated Oct. 31, 2024. The company expects to close the acquisition this week and the timing is looking great amidst Kaspa's rising market price.

Why Kaspa?

Kaspa's utilizes innovative technology within the proof-of-work (PoW) landscape. This will allow Cryptoblox to concentrate on mining Kaspa at a much more efficient rate and theoretically more profitably than other cryptocurrencies1. By mining and holding Kaspa, the company hopes to not only strengthen its position within the growing Kaspa ecosystem, but also deliver superior returns to shareholders through exposure to Kaspa.

What sets Kaspa apart in the PoW ecosystem?

Unlike traditional blockchain-based digital assets, Kaspa leverages a cutting-edge blockDAG architecture, a highly efficient version of PoW designed to process transactions with unparalleled speed and security. As the digital asset market evolves, the company believes that these advantages will position Kaspa as a highly scalable and versatile asset, suited to outperform traditional PoW assets such as bitcoin in terms of both usability and transactional speed.

Why Cryptoblox is bullish on Kaspa

The recent surge in Kaspa's (KAS) market price suggests that the overall market is becoming increasingly optimistic about the long-term growth potential of KAS. It is the company's opinion that KAS will outperform the other PoW cryptocurrencies as investors seek alternative assets that are based around sustainable mining practices and reduced operational costs.

Cryptoblox's chief executive officer, Akshay Sood, comments:

"Kaspa presents a compelling opportunity within the PoW digital asset space, boasting technological advantages that we believe will translate to long-term value appreciation. As we expand our Kaspa mining capabilities, we are positioning Cryptoblox to become a leader within this rapidly growing ecosystem."

"Bitcoin has been setting record highs, which is great for the company's Redwater site, but, in the most recent weeks, Kaspa has outperformed bitcoin significantly and we expect this trend to continue as cryptocurrencies continue to rally."

Leveraging efficient, cost-effective mining operations for Kaspa

On Oct. 31, 2024, the company announced the acquisition of a turnkey Kaspa mining operation. Once closed, the company believes this acquisition will optimize Cryptoblox's operational efficiency (and therefore profitability), based on the economics of the management services agreement that will underpin the company's Kaspa mining operation and serves as a critical part of the deal. The company hopes to close this acquisition this week.

About Cryptoblox Technologies Inc.

Cryptoblox Technologies is a blockchain technology infrastructure company focusing on building out its diversified blockchain ecosystem strategy that consists of digital asset mining and infrastructure, mining products and technology, and structured blockchain products and services.

We seek Safe Harbor.