Vancouver, B.C, July 27, 2023 (GLOBE NEWSWIRE) — CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX), is pleased to announce that, further to its news release dated July 25, 2023, through the partnership between the Company’s wholly owned subsidiary, Red Water Acquisition Corp. (“Redwater”), and Lavrium LLC (“Lavrium”), Lavrium will be applying their AI energy efficiency optimization algorithms to Redwater’s mining operations.
As the cryptocurrency mining industry faces increasing pressure to maximize energy efficiency, Lavrium’s cutting-edge AI algorithms offer an effective solution. By analyzing data such as transaction volumes, power usage effectiveness (PUE), and hash rates, Lavrium’s algorithms can predict optimal mining periods based on historical and real-time data. The Company hopes that this novel approach will allow Redwater to maximize their return on energy investment while significantly reducing operational costs.
One of the key

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