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Graph Blockchain Inc
Symbol GBLC
Shares Issued 450,213,131
Close 2021-10-19 C$ 0.065
Recent Sedar Documents

Graph unit sells cardano position for $703,700 gain

2021-10-20 06:06 ET - News Release

Mr. Paul Haber reports

GRAPH BLOCKCHAIN'S BABBAGE MINING PROFITED 88%

Graph Blockchain Inc. has provided an update on the cryptocurrency cardano and the company's position through its wholly owned subsidiary, Babbage Mining Corp., in cardano's native token (ADA).

The company exited from its position in ADA and is pleased to announce that it generated capital gains and yield of $703,700 or 88 per cent in a seven-month period beginning on March 29, 2021. The subsidiary had purchased a total of $800,000 in digital assets.

Paul Haber, chief executive officer of Graph Blockchain, commented: "The company is extremely gratified with the growth we have made so far with the appreciation of our growing crypto portfolio. In the weeks and months ahead, we will continue to watch the basket of crypto assets in the portfolio as we further monetize our cash position and continuously innovate in the decentralized finance market."

With the continuing maturity of crypto finance, the Babbage Mining team offers high performance and ample decentralized finance knowledge and has an incredible perspective on the cryptocurrency market, focusing on growing the value of the portfolio.

By mining altcoins through proof of stake, Babbage can provide to its investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains that altcoins represent.

About Graph Blockchain Inc.

Graph Blockchain provides shareholders with exposure to various areas of decentralized finance (defi). Focusing on alternative coins through its wholly owned subsidiaries Babbage Mining Corp., a proof-of-stake (POS) miner, and Beyond the Moon Inc., an initial-dex-offering-focused company, Graph gives investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains altcoins represent. In addition, through its investment in New World, Graph is providing its shareholders with exposure to the rapidly growing and emerging NFT market.

We seek Safe Harbor.

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