CryptoNewsBreaks – BlockQuarry Corp (BLQC) Looking Toward Future with Pivotal Shift to AI-Driven Data Storage, High-Performance Computing

BlockQuarry (OTC: BLQC), a leading Texas-based energy and infrastructure company, continues to make a strategic shift in direction. The company is moving from traditional Bitcoin mining operations to an artificial intelligence (โ€œAIโ€)-driven data-storage and high-performance computing (โ€œHPCโ€) model. According to the company, this tactical pivot places the company at the forefront of technological innovation and in a position where it can meet the rapidly growing demands for advanced computing solutions. Company officials made the significant business decision after carefully evaluating market trends, emerging opportunities and growing sectors. The company noted that the global AI market is expected to total $390.9 billion in 2025, representing a compound annual growth rate (โ€œCAGRโ€) of 37.3% from 2020, while the โ€‹HPC market is forecast to grow at a CAGR of 6.7%, reaching an estimated $50 billion by 2027. The announcement stated that as these applications become essential in key sectors such as healthcare, finance and commercial retail, BlockQuarryโ€™s change in business model enables the company to meet the increasing demand for sophisticated computing capabilities. Management anticipates that the shift will significantly enhance revenue streams, with the new facility forecast to generate substantial income, resulting in higher operational efficiency and profitability and long-term value for shareholders. โ€œOur strategic pivot towards AI-driven data storage and HPC marks a pivotal moment for BlockQuarry,โ€ said BlockQuarry president and chair Alonzo Pierce in the press release. โ€œBy focusing on AI and HPC, we are not only addressing current market needs but also positioning ourselves for future growth.โ€

To view the full press release, visit https://ibn.fm/Ng95O

About BlockQuarry Corp.

BlockQuarry stands at the forefront of innovation in the U.S. energy and infrastructure sectors, passionately committed to advancing the implementation of carbon-negative industrial energy on a global scale. Specializing in the provision of green, sustainable and economically viable energy solutions, BlockQuarry caters to industries with substantial power requirements, including data-storage hubs, manufacturing, cryptocurrency mining and artificial intelligence (โ€œAIโ€). For more information about the company, visit www.BlockQuarry.io.

NOTE TO INVESTORS: The latest news and updates relating to BLQC are available in the companyโ€™s newsroom at http://ibn.fm/BLQC

About CryptoCurrencyWire

CryptoCurrencyWireย (โ€œCCWโ€) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands withinย theย Dynamic Brand Portfolioย @ย IBNย that delivers:ย (1) access to a vast network of wire solutions viaย InvestorWireย to efficiently and effectively reach a myriad of target markets, demographics and diverse industries;ย (2) article andย editorial syndication to 5,000+ outlets;ย (3) enhancedย press release enhancementย to ensure maximum impact;ย (4)ย social media distributionย via IBN to millions of social media followers;ย and (5) a full array of tailoredย corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in todayโ€™s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text โ€œCRYPTOโ€ to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visitย https://www.CryptoCurrencyWire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published:ย https://www.CryptoCurrencyWire.com/Disclaimer

CryptoCurrencyWire
New York, NY
www.CryptoCurrencyWire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com

CryptoCurrencyWire is powered byย IBN

Recent Quotes

View More
Symbol Price Change (%)
AMZN  232.52
+0.00 (0.00%)
AAPL  273.40
+0.00 (0.00%)
AMD  214.99
+0.00 (0.00%)
BAC  56.17
+0.00 (0.00%)
GOOG  314.96
+0.00 (0.00%)
META  663.29
+0.00 (0.00%)
MSFT  487.71
+0.00 (0.00%)
NVDA  190.53
+0.00 (0.00%)
ORCL  197.99
+0.00 (0.00%)
TSLA  475.19
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.

Gift this article