NetworkNewsBreaks – BlockQuarry Corp. (BLQC) Rep
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Posted On: 04/05/2022 4:00:27 PM
NetworkNewsBreaks – BlockQuarry Corp. (BLQC) Reports on Company Change, Growth
BlockQuarry (OTC: BLQC),a Texas-based company with primary commercial-stage operations in cryptocurrency mine hosting and self-mining in the southeast United States, is scaling its cryptocurrency mining operations after changing its corporate name and stock symbol; both moves have been approved by FINRA. Most recently, the company announced that it has begun implementing its 200-megawatt (“MW”) project in Gaffney, South Carolina, including deploying the first 20 MW next-gen POD 5 containers. Those containers feature secure servers that can be mobilized and relocated at any time. In addition, the company noted that the project has been scaling up mining activity daily basis and is projected to be the largest cryptocurrency mining operation in the region. Expansion plans include adding an additional 80 MW in the next phase of growth, bringing total capacity to 100 MW; the company anticipates eventually reaching 200 MW driven by 56,000 new ASIC rigs. “Our December Q report isn’t out yet, but we are looking for annual 2021 revenues topping $1.06 million, which comes in well above our projections from midyear and represents nearly 1,900% growth over our 2020 topline,” said BlockQuarry president and chair Alonzo Pierce in the press release. “While we suspected our December revenues to level out a bit as a consequence of moving our self-mining facility from Pennsylvania to our southeastern U.S. location, we effectively minimized the impact of that transition and enter April with tremendous momentum.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
BlockQuarry (OTC: BLQC),a Texas-based company with primary commercial-stage operations in cryptocurrency mine hosting and self-mining in the southeast United States, is scaling its cryptocurrency mining operations after changing its corporate name and stock symbol; both moves have been approved by FINRA. Most recently, the company announced that it has begun implementing its 200-megawatt (“MW”) project in Gaffney, South Carolina, including deploying the first 20 MW next-gen POD 5 containers. Those containers feature secure servers that can be mobilized and relocated at any time. In addition, the company noted that the project has been scaling up mining activity daily basis and is projected to be the largest cryptocurrency mining operation in the region. Expansion plans include adding an additional 80 MW in the next phase of growth, bringing total capacity to 100 MW; the company anticipates eventually reaching 200 MW driven by 56,000 new ASIC rigs. “Our December Q report isn’t out yet, but we are looking for annual 2021 revenues topping $1.06 million, which comes in well above our projections from midyear and represents nearly 1,900% growth over our 2020 topline,” said BlockQuarry president and chair Alonzo Pierce in the press release. “While we suspected our December revenues to level out a bit as a consequence of moving our self-mining facility from Pennsylvania to our southeastern U.S. location, we effectively minimized the impact of that transition and enter April with tremendous momentum.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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