Mr. Akshay Sood reports

DYNAMITE BLOCKCHAIN ANNOUNCES STRATEGIC REBRANDING AND PROVIDES CORPORATE UPDATES

Dynamite Blockchain Corp. has completed its name change and has launched a new website. Concurrently with the company's rebranding, the company also announces that its ticker symbol will also change to KAS, effective Dec. 6, 2024. This comprehensive rebranding reflects the company's strategic focus on a Kaspa-driven blockchain ecosystem, encompassing efficient Kaspa mining, cutting-edge Kaspa products and innovative Kaspa services.

The rebranding reflects the leadership and vision of the company's chief executive officer, Akshay Sood, and underscores the company's commitment to leveraging Kaspa's transformative technology.

Mr. Sood provided the following comments: "The new logo represents the company's explosive energy, dynamic creativity and commitment to blockchain innovation. The new Dynamite website offers a comprehensive overview of its operations, strategy and future plans for current and future stakeholders.

"Dynamite Blockchain represents more than just a name; it's a reflection of our mission to revolutionize the blockchain industry through Kaspa."

Ticker symbol change to KAS

In alignment with its new focus, the company will change its ticker symbol to KAS on the Canadian Securities Exchange, with trading under the new symbol to commence on Dec. 6, 2024. Shareholders are not required to take any action as the updates will be automatically reflected on all trading platforms.

Driving unique shareholder value through Kaspa

The rebranding reflects the company's intention to focus on Kaspa. While the majority of the companies within the blockchain industry are focused on better known digital assets such as bitcoin, Dynamite believes that the most explosive growth will be in lesser-known digital assets that are built on superior technology to bitcoin. The company has chosen to focus on Kaspa because it believes Kaspa contains all the features necessary to become one of the world's leading digital assets, alongside bitcoin. For more information, please visit the company's new website.

Rollout of Dynamite's Kaspa-driven blockchain ecosystem

The rebranding is accompanied by the company's plan to build out a Kaspa-driven blockchain ecosystem, to be composed of the following divisions:

• Kaspa mining -- industrial-scale mining operations powered by high performance hardware and advanced optimization technologies;
• Kaspa products -- development of Kaspa-enabled, renewable-energy-powered products that help secure the Kaspa blockchain;
• Kaspa services -- buildout of various Kaspa-enabled services, with a goal of becoming the world's first vertically integrated Kaspa-driven blockchain ecosystem.

Other corporate updates

Blockchain Fintech acquisition terminated

The company also announces that its acquisition of Blockchain Fintech, announced on Nov. 1, 2024, has been terminated, as the company focuses on new transactions that contribute to its Kaspa-driven divisions.

Mining operations

The company is currently operating five IceRiver KS3 Kaspa miners and 133 S19J Pro bitcoin miners. Also, as announced on Dec. 3, 2024, Dynamite has signed an agreement to purchase Kaspa Mining Ltd., which owns and operates an additional 25 Bitmain KS5 Pro Kaspa miners.

About Dynamite Blockchain Corp.

Dynamite Blockchain is focused on building a blockchain ecosystem focused on Kaspa.

We seek Safe Harbor.