BlockQuarry (OTC: BLQC), a leading Texas-based energy and infrastructure company, has announced results of a favorable judgment in the case of BlockQuarry Corp v. Litchain Corp et al. According to the update, the company has reached a settlement agreement, regaining possession of mining inventory that includes pods, transformers, storage containers and miners, amongst other proceeds, from the current Gaffney, South Carolina, location. In addition to the acquisition of these assets, the company provided several forward-looking statements regarding updates on future debt consolidation and operational plans for the current mining inventory and assets on hand. “This (moment) has been a long time coming and a result in which we were confident of achieving. We have already identified next steps for both the mining equipment and settlement proceeds, which includes having our new operations management team getting to work on the equipment and reducing the company’s dilutive debt liability,” said Alozno Pierce, president and chair of BlockQuarry. “This is a very proud moment for the company and for its shareholders. We’re just getting started and I’m excited to reveal more about our upcoming operations and the expansion that is in store for the immediate future of BlockQuarry.”
To view the full press release, visit https://ibn.fm/F4IDf
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. It offers sustainable, renewable and cost-effective energy solutions for businesses that have a need for high-volume power, such as data warehousing, manufacturing, artificial intelligence (“AI”), and cryptocurrency mining. For more information, visit the company’s website at 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
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