Could This Tech Company (CRYBF) Become 2023's Next Breakout Target After A Major Acquisition?
Block-chain technology has emerged as a revolutionary force in the digital landscape, offering a plethora of benefits that extend far beyond its initial application in cryp-tocurrencies. (1)
This decentralized and immutable ledger system has captured the attention of various industries, and its potential impact on businesses and individuals cannot be overstated.
Block-chain's core strength lies in its ability to ensure secure and transparent transactions.
This level of transparency engenders trust among participants, reducing fraud and ensuring the integrity of the data.
Traditional financial processes are often bogged down by intermediaries and lengthy reconciliations, leading to delays and high operational costs.
Block-chain eliminates these middlemen, enabling direct peer-to-peer transactions. This streamlined approach drastically reduces transaction times and fees, benefiting both businesses and end-users.
Block-chain's transparency and immutability are ideal for supply chain management. From raw material sourcing to product distribution, every step of the supply chain can be tracked and verified on the block-chain.
This traceability helps identify inefficiencies, minimize fraud, and enhance overall product quality.
Consumers, in turn, gain confidence in the products they purchase, knowing they can trust the verifiable information on the block-chain.
The benefits of this game-changing technology are multifaceted and far-reaching.
As block-chain continues to evolve and find new applications, its transformative potential is likely to reshape industries, offering greater opp's for businesses and individuals alike.
One company in particular is embracing this disruptive tech and aims to capitalize on the potential benefits it brings to the table.
And while they are still flying below Wall Street's radar at the moment, it might not be too long until they start drawing major buzz.
Drop everything right now and pull up:
*Cryptoblox Technologies Inc. (CRYBF)*
Cryp-toBlox Technologies Inc. is a block-chain technology company with a diversified portfolio of fintech block-chain services, block-chain battery technologies and applications, and cryp-to mining facilities under development.
The Company’s acquisition of Redwater marks a significant milestone in its plan to meet the fast-growing demand for cost-effective cryp-to-currency infrastructure in North America.
And based on several potential breakout catalysts, CRYBF needs to be on radar immediately. Check them out:
No. 1 - A New Partnership Will Help To Leverage AI And Energy Optimization
No. 2 - Major Milestone: Redwater Secures Advantageous GSA Lowering Energy Expenses Drastically
No. 3 - Company's Commitment To Environmental Sustainability Highlighted In Securing Of Alberta Site
No. 4 - CRYBF Could Be Establishing Strong Support At 3 Key Levels
But more on those in a second...
Cryp-toBlox Technologies Inc. Advances In Cryp-tocurrency Mining Sector With Redwater Acquisition
Cryp-toBlox Technologies Inc. has recently achieved a major milestone in the cryp-tocurrency mining sector through its acquisition of Redwater, a company specializing in air-cooled data centers and advanced heat recapture products.
This strategic move could help establish Cryp-toBlox Technologies Inc. as a prominent player in the evolving cryp-tocurrency mining industry and reinforces the company’s dedication to sustainable and environmentally conscious practices.
The acquisition of Redwater was facilitated by True North Data Systems Ltd., acting on behalf of the site owner, an oil and gas producer aiming to harness the natural gas associated with oil production that is currently being flared.
Redwater plans to leverage this waste gas as a sustainable and cost-effective fuel source for its mining operations, demonstrating its commitment to environmental sustainability.
Redwater’s prime location in Sturgeon County, Alberta, Canada, will serve as the foundation for its state-of-the-art cryp-to mining facility. This facility is designed to prioritize efficiency and cost-effectiveness, incorporating air-cooled data centers and advanced heat recapture products.
By utilizing advanced technologies and optimizing energy consumption, Redwater aims to establish a sustainable and environmentally friendly mining operation.
Redwater, in collaboration with True North Data Systems, has ambitious plans to expand its generation and mining footprint over the next 18 to 24 months. The goal is to potentially reach a total capacity of 3 MW or more.
As part of its growth strategy, Redwater will explore the possibility of providing peak demand capacity to the Alberta grid, contributing to the stability and efficiency of the local energy infrastructure.
This acquisition signifies a major milestone for Cryp-toBlox Technologies Inc. as it solidifies its position in the cryp-tocurrency mining industry.
By incorporating innovative technologies, sustainable practices, and strategic partnerships, Cryp-toBlox aims to provide superior mining solutions while minimizing environmental impact.
In integrating mining facilities with power generation assets and implementing state-of-the-art operational techniques, Cryp-toBlox aims to establish itself as a leader in sustainable and low-cost mining operations in North America.
CRYBF Company Website.
Mentioned above, CRYBF has several potential catalysts to familiarize yourself with right now. Check them out:
No. 1 CRYBF Potential Catalyst - A New Partnership Will Help To Leverage AI And Energy Optimization
Redwater and Lavrium Announce Strategic Partnership for Bit-coin Mining Optimization
Vancouver, B.C, July 25, 2023 (GLOBE NEWSWIRE) -- Cryp-toBlox Technologies Inc., is pleased to announce that its wholly-owned subsidiary, Redwater Acquisition Corp. (“Redwater”), has partnered with Lavrium LLC (“Lavrium”) to integrate Lavrium’s machines and implement AI algorithms at Redwater's Alberta Project (managed by True North Data Systems Ltd.), with the overarching goal of scaling and optimizing the site’s Bit-coin mining operations to drive increased pro-fit-ability.
Lavrium has gained recognition in the industry for its deployment of cutting-edge technologies and its strategic approach to ASIC mining operations. Lavrium currently hosts 350 miners in a Nebraska facility. Lavrium’s founders, who have deep expertise in machine learning (ML) and artificial intelligence (AI), met during their doctoral studies at MIT and recognized the potential of AI/ML to drive energy efficiency and enhance Bit-coin mining pro-fit-ability. For example, AI algorithms can analyze a wide range of data, including past transaction volumes, power usage effectiveness (PUE), and hash rates, to optimize mining operations. Lavrium’s AI driven approach is intended to maximize pro-fit-ability and energy efficiency in Bit-coin mining.
Cryp-toBlox Interim CEO, Tayrn Stemp, comments, “In-vest-ors must diligently consider both Lavrium's data-driven approach and the vital role of miner fees when assessing transaction costs and evaluating block-chain projects or cryp-to-currencies. Lavrium's commitment to leveraging AI and optimizing energy efficiency contributes to their cost-effective and environmentally friendly mining practices.”
Cryp-toBlox director, Akshay Sood, also expressed his excitement about the partnership with Redwater, “As a leading block-chain technology company, Lavrium utilizes cutting-edge technologies and industry expertise to drive innovation and maximize returns for in-vest-ors."
With his background in advising and incubating early-stage block-chain startups, Mr. Sood believes that combining his expertise with Lavrium's proficiency in optimizing Bit-coin mining operations will create a powerful synergy. Lavrium's extensive experience in various block-chain-based businesses positions them to contribute to Redwater’s success in this rapidly evolving market.
Read the full article here.
No. 2 CRYBF Potential Catalyst - Major Milestone: Redwater Secures Advantageous GSA Lowering Energy Expenses Drastically
Redwater Secures $0.015 kWh Gas Supply Agreement, Reducing Energy Costs by Approximately 90.91%
Vancouver, B.C, July 20, 2023 (GLOBE NEWSWIRE) -- Cryp-toBlox Technologies Inc., is pleased to announce that its wholly-owned subsidiary, Redwater Acquisition Corp. (“Redwater”), has secured an advantageous gas supply agreement (the “GSA”) with the Redwater site owner. The GSA is expected to result in a significant reduction in energy costs, lowering energy expenses by approximately 90.91%, as compared with average market rates reported by EPCOR's Regulated Rate Option (the “RRO").
Under the GSA, True North Data Systems Ltd (“TNDS”) and Redwater have secured gas at a favorable rate of $0.015 per kilowatt-hour (kWh) compared to the average market rate of $0.165 kWh, as reported by the RRO. This achievement not only demonstrates the Company’s commitment to delivering cost-effective solutions but also highlights our ability to forge strategic partnerships that drive value and enhance long-term success.
"The securing of this Gas Supply Agreement at such an attractive rate is a major milestone for TNDS and Redwater," commented Cryp-toBlox Interim CEO, Taryn Stemp. "By reducing our energy costs by approximately 90.91% compared to the average market rate, we have achieved a significant cost advantage. This cost advantage will allow us to provide highly competitive and cost-effective solutions to our clients while maintaining the highest standards of performance, reliability, and environmental sustainability."
The negotiated rate of $0.015 kWh, compared to the average market rate of $0.165 kWh based on the RRO), reflects the Company’s dedication to delivering affordable and sustainable data center and cryp-to mining solutions. By optimizing their operations and passing on the savings to their customers, TNDS and Redwater Acquisition Corp. can ensure that clients receive state-of-the-art services at a competitive price.
Ms. Stemp further commented, "our achievement in negotiating a favorable energy supply rate inspires us to invest further in cutting-edge technologies and infrastructure. We hope this will ensure our data centers and cryp-to mining facilities remain at the forefront of efficiency and performance."
Read the full article here.
No. 3 CRYBF Potential Catalyst - Company's Commitment To Environmental Sustainability Highlighted In Securing Of Alberta Site
Redwater Secures Prime Site in Sturgeon County, Alberta
Vancouver, B.C, July 18, 2023 (GLOBE NEWSWIRE) -- Cryp-toBlox Technologies Inc., is pleased to announce that its wholly-owned subsidiary, Red Water Acquisition Corp. (“Redwater”) has successfully acquired development rights for a prime site in Sturgeon County, Alberta, Canada. The rights were obtained through the assistance of True North Data Systems Ltd (“TNDS”), a leading provider of data centre solutions, specializing in optimizing high-performance computing systems for enterprise clients based in Calgary, Alberta.
TNDS, acting on behalf of the site owner, an oil and gas producer, played a pivotal role in facilitating the commissioning of the site. The collaboration between Redwater and TNDS will enable the utilization of natural gas associated with oil production, which is currently being flared, as a sustainable and cost-effective fuel source for Redwater's state-of-the-art cryp-to mining facility.
"We are thrilled to secure this prime location in Sturgeon County, which will serve as the foundation for our advanced cryp-to mining operations," commented Cryp-toBlox Interim Chief Executive Officer, Taryn Stemp. "With TNDS's expertise and the support of the site owner, we can effectively harness waste gas and transform it into a renewable energy source, aligning our operations with our commitment to environmental sustainability."
Read the full article here.
No. 4 CRYBF Potential Catalyst - CRYBF Could Be Establishing Strong Support At 3 Key Levels
Take a quick look at CRYBF's 6-month chart: