Vancouver, B.C, June 29, 2023 (GLOBE NEWSWIRE) — CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX), is pleased to announce, further to its news release dated June 19, 2023 (the “Prior Release”), that it has completed its acquisition (the “Acquisition”) of Red Water Acquisition Corp. (“Redwater”), a company specializing in crypto mining technology.
As discussed in the Prior Release, Redwater’s air-cooled data centers and advanced heat recapture products have obtained development rights in Sturgeon County, Alberta, Canada, for its operations. This site will serve as the foundation for Redwater’s state-of-the-art crypto mining facility, designed for efficiency and cost-effectiveness.
Both CryptoBlox and Redwater share a common commitment to sustainable and responsible practices in the crypto-mining industry. Through Redwater, CryptoBlox intends to invest in energy-efficient solutions and environmentally friendly mining practices, aligning wi

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