BlockQuarry (OTC: BLQC), a Texas-based company with commercial-stage operations in the energy and infrastructure industry, has acquired Blockchain Energy Services (“BES”) LLC, a subsidiary of Pantheon Resources Inc. According to the company, the acquisition includes all of the issued and outstanding shares of Blockchain Energy Services LLC, which is a data-processing site in Missouri designed for cryptocurrency mining and artificial intelligence (“AI”) clients, as well as certain infrastructure, including a five-year land lease that BlockQuarry will assume; the company will also take over the existing power agreement for the site that BES has been fulfilling. The transaction calls for BlockQuarry to issue $600,000 worth of Series B convertible preferred stock to Pantheon. The company also noted that, in addition to the acquisition, it has entered into a strategic partnership agreement with Pantheon to fund and develop the infrastructure needed to make the data processing site operational. “I am extremely excited about this new acquisition for BlockQuarry,” said BlockQuarry president and chair Alonzo Pierce in the press release. “This allows us to expand our business operations and continue to execute on our long-term growth strategy of acquiring valuable land and power infrastructure to serve a wide range of clients. We are extremely excited and look forward to sharing some more developments on this in the coming weeks.”

To view the full press release, visit https://ibn.fm/iN4qC

About BlockQuarry Corp.

BlockQuarry is a trusted American energy and infrastructure partner dedicated to fostering carbon-negative industrial energy and facilitating its establishment on land. The company offers sustainable, renewable and cost-effective energy solutions for businesses that have a need for high-volume power, such as data warehousing, manufacturing, AI and cryptocurrency mining. 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 company’s newsroom at http://ibn.fm/BLQC

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork