Vancouver, B.C, June 19, 2023 (GLOBE NEWSWIRE) — CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX), is pleased to announce that on June 16, 2023, it entered into a share purchase agreement (the “Agreement”) with Red Water Acquisition Corp. (“Redwater”) for 100% of the total issued and outstanding shares of Redwater (the “Acquisition”). Redwater will be a wholly-owned subsidiary of the Company following completion of the Acquisition. The Acquisition is a significant step for CryptoBlox in expanding its presence in the cryptocurrency mining sector.
Redwater, a company specializing in air-cooled data centers and advanced heat recapture products, has obtained development rights to a prime location 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. Redwater was specifically created for the purposes o
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