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BlockchainK2 Corp
Symbol BITK
Shares Issued 16,250,687
Close 2019-07-17 C$ 0.165
Recent Sedar Documents

BlockchainK2, 500 N 4th enter sale, assumption deal

2019-07-22 15:03 ET - News Release

Mr. Sergei Stetsenko reports

BLOCKCHAINK2 ANNOUNCES AGREEMENT WITH STANDARD POWER

BlockchainK2 Corp. has entered into a sale, assumption and assignment agreement and income promissory note with respect to its S9J miners with 500 N 4th Street LLC (doing business as Standard Power). Standard Power owns and operates a site in Coshocton, Ohio, with its own substation infrastructure and direct high-voltage stepdown transformer capability that is able host up to 50 megawatts of mining capacity in the short term, with ultimate power capacity of over 500 megawatts. Standard Power is positioned to be a global leader of industrial-scale cryptocurrency mining. Standard Power's competitive advantage is that it is located in the United States and enjoys one of the lowest net electricity prices globally, with a long-term average total power price below three U.S. cents per kilowatt-hour. The company will further help identify and refer partners to leverage further its relationship with Standard Power, as per a referral agreement.

Standard Power's chief executive officer, Daniel Minkowitz, commented, "By working with BlockchainK2, Standard Power is now able to access the tremendous demand for cryptocurrency mining from Canada as well as leveraging BlockchainK2's strong intangible assets to accelerate our company's growth."

About BlockchainK2 Corp.

BlockchainK2 Corp. is a holding company investing in blockchain technology solutions for capital markets and other sectors that can be made more efficient through tokenization.

We seek Safe Harbor.

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