Redwater | Jotup

CryptoBlox Provides Corporate Update

Retrieved on:

Wednesday, August 9, 2023

Crypto, Mining, Partnership, Data center, CSE, GSA, Kilowatt-hour, HVAC, Acquisition, Algorithm, Corporation, Redwater, Automation, Cryptocurrency

Vancouver, B.C., Aug. 08, 2023 (GLOBE NEWSWIRE) -- CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to provide a corporate update.

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Vancouver, B.C., Aug. 08, 2023 (GLOBE NEWSWIRE) -- CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to provide a corporate update.
With this acquisition, CryptoBlox has made significant strides towards its expansion within the cryptocurrency mining sector.
CryptoBlox has also recently partnered with Lavrium LLC (“Lavrium”) to implement Lavrium’s Artificial Intelligence algorithms within the Company’s Redwater facility.
Mr. Sood replaces Taryn Stemp, who stepped down as the Company’s interim Chief Executive Officer and Corporate Secretary effective August 4, 2023.

CryptoBlox Maximizes Economic Potential with Deployment of 133 S19J Pro 104/th Bitmain ASIC Miners and Lavrium AI Integration

Retrieved on:

Thursday, August 3, 2023

CSE, Miner, Temperature, HVAC, Climate Neutral Data Centre Pact, Data, Anomaly, Algorithm, Mining, Redwater, Data center, Redwater Health Centre, ASIC, Cryptocurrency

This strategic collaboration, coupled with the installation of 133 Bitmain S19J Pro 104/TH ASIC miners at Redwater’s facility, is intended to further enhance the Data Centre’s operational efficiency, cost-effectiveness, and environmental sustainability.

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This strategic collaboration, coupled with the installation of 133 Bitmain S19J Pro 104/TH ASIC miners at Redwater’s facility, is intended to further enhance the Data Centre’s operational efficiency, cost-effectiveness, and environmental sustainability.
With the recent installation of 133 Bitmain S19J Pro 104/TH ASIC miners, Redwater has significantly boosted its mining capacity.
By integrating Lavrium's AI technology with the newly installed miners, Redwater will further optimize utilization of computing resources.
“The convergence of cutting-edge AI technology and the integration of 133 high-performance Bitmain ASIC miners marks an significant moment for CryptoBlox” commented CryptoBlox Interim CEO, Taryn Stemp.

CryptoBlox to Utilize Advanced AI Energy Efficiency Optimization Algorithms to Support Redwater's Bitcoin Mining Operations

Retrieved on:

Thursday, July 27, 2023

Pressure, Partnership, CSE, Overalls, PUE, Machine learning, Algorithm, Redwater, News, Cryptocurrency

As the cryptocurrency mining industry faces increasing pressure to maximize energy efficiency, Lavrium's cutting-edge AI algorithms offer an effective solution.

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As the cryptocurrency mining industry faces increasing pressure to maximize energy efficiency, Lavrium's cutting-edge AI algorithms offer an effective solution.
As the algorithms continuously learn and refine their predictions, they improve energy efficiency over time, resulting in more economical and environmentally friendly mining operations.
"Lavrium's revolutionary AI energy efficiency optimization algorithms could prove to be a game-changer for the cryptocurrency mining industry.
The integration of Lavrium's advanced AI technology into Redwater's mining operations is expected to drive significant improvements in energy efficiency and overall profitability.

Redwater and Lavrium Announce Strategic Partnership for Bitcoin Mining Optimization

Retrieved on:

Tuesday, July 25, 2023

Bitcoin, Partnership, CSE, Miner, MIT, PUE, Machine learning, Algorithm, Mining, Redwater, Artificial intelligence, AI, ASIC, Cryptocurrency

Lavrium has gained recognition in the industry for its deployment of cutting-edge technologies and its strategic approach to ASIC mining operations.

Key Points:

Lavrium has gained recognition in the industry for its deployment of cutting-edge technologies and its strategic approach to ASIC mining operations.
Lavrium’s AI driven approach is intended to maximize profitability and energy efficiency in Bitcoin mining.
The partnership between Lavrium and Redwater will capitalize on the success of True North Data Systems Ltd. and Redwater's recent collaboration.
By leveraging Redwater's Alberta Project, the strategic partnership between Lavrium and Redwater aims to scale and optimize Redwater’s Bitcoin mining operations, ultimately driving profitability for both companies.

Redwater Secures $0.015 kWh Gas Supply Agreement, Reducing Energy Costs by Approximately 90.91%

Retrieved on:

Thursday, July 20, 2023

CSE, GSA, EPCOR, Negotiation, Kilowatt-hour, RRO, Mining, Redwater, Cryptocurrency

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").

Key Points:

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.
"The securing of this Gas Supply Agreement at such an attractive rate is a major milestone for TNDS and Redwater," commented CryptoBlox 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.

Redwater Secures Prime Site in Sturgeon County, Alberta

Retrieved on:

Tuesday, July 18, 2023

Partnership, CSE, GSA, Carbon, Medical gas supply, Acquisition, Mining, Natural gas, Redwater, Oil, Cryptocurrency, Sturgeon County

Vancouver, B.C, July 18, 2023 (GLOBE NEWSWIRE) -- CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX), 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.

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Vancouver, B.C, July 18, 2023 (GLOBE NEWSWIRE) -- CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX), 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.
TNDS, acting on behalf of the site owner, an oil and gas producer, played a pivotal role in facilitating the commissioning of the site.
As part of the ongoing collaboration, TNDS is currently negotiating a Gas Supply Agreement (GSA) with the site owner.
The acquisition of the Sturgeon County site and the collaboration with TNDS mark significant milestones for Redwater's mission to become a leader in eco-conscious mining practices.

Fox River Announces Positive PEA for Martison Phosphate Project with After-tax NPV8% of USD$2.5B and IRR of 23.1% at Current Commodity Prices

Retrieved on:

Thursday, April 21, 2022

Step down transformers will be constructed at the FCC and mine site to distribute the power to the infrastructure at both locations.

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Step down transformers will be constructed at the FCC and mine site to distribute the power to the infrastructure at both locations.
All road improvements and the extension will be required as the first activity for the project construction phase.
Higher agricultural commodity prices coupled with a drive led by young progressive farmers to boost productivity are fueling the increase in phosphate use.
The transportation costs reflected in Table 8 are the same for both Base Case and Current Case scenarios.