Mr. Sergei Stetsenko reports
BLOCKCHAINK2 UPDATES BITCOIN MINING OPERATIONS WITH STANDARD POWER
BlockchainK2 Corp. has provided an operational update to its existing profit-sharing partnership with Standard Power. The operations have been profitably producing bitcoin with the company's original generation Bitmain S9 miners since the beginning of operations in July of 2019.
Located in Coshocton, Ohio, Standard Power has existing hosting capacity that allows for 56 megawatts of power use for operations. The company also has secured a 40-acre site in nearby Conesville, Ohio, with plans to add an additional 160 acres there. This would provide hosting capacity to accommodate cryptocurrency miners with up to 1,000 megawatts of power use at Standard Power's below-market pricing.
This attractive price allows the company to have a low bitcoin mining break-even price for its miners and provides a robust platform for the company to grow its bitcoin mining business. The company is using its industry reach to identify additional hosting partners to expanding its profit-sharing partnership with Standard Power.
BlockchainK2 is looking forward to expand its working relationship with Standard Power with industry-leading mining hardware.
About BlockchainK2 Corp.
BlockchainK2 is a holding company investing in blockchain technology solutions for capital markets and other sectors that can be made more efficient through tokenization. The company owns a gaming platform called Amplify Games Inc., changing the way video games are distributed and promoted. BlockchainK2 is also invested in RealBlocks, a technology platform for private equity, private credit and real estate that provides tokenized secondary trading of LP interests. The company's wholly owned subsidiary, iRecover Inc., is working to implement the findings and principles of behaviourism, social neurodevelopment and behavioural economics in a blockchain-based application to support individuals recovering from addiction. The company also has executed a joint venture agreement with Standard Power, an industrial-scale cryptocurrency mining facility with very low power costs in the United States.
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