$BLQC BlockQuarry Powers Up: Missouri Site Goes Li

$BLQC BlockQuarry Powers Up: Missouri Site Goes Live with 2 MW of Operational Computing Power, Forecasting Immediate Annual Self-Mining Revenues of $1.5 Million

https://www.globenewswire.com/news-release/20...llion.html

HOUSTON, Nov. 30, 2023 (GLOBE NEWSWIRE) -- via IBN – BlockQuarry Corp. (OTC: BLQC), a leading Texas-based energy and infrastructure company, is excited to share updates on the successful operation of its new Missouri site under the leadership and guidance of Chief Operating Officer (COO) Lawrence Davis, and Company president and chairman Alonzo Pierce.

Since assuming the role of COO, Davis has played a pivotal part in driving the operational vision for BlockQuarry with a laser focus on innovation, speed and growth. One of the most notable milestones achieved is the successful move, reintegration and launch of BlockQuarry's new self-mining site in Macon, Missouri.

“I couldn’t be more proud to say with confidence that BlockQuarry has delivered on its promise, achieving operational status before year-end, thanks to our seamless transition to the new Missouri site,” Pierce said. “The fact that we were able to turn around this new site, post-Gaffney court ruling, in the short amount of time that we did, reflects our unwavering confidence in Lawrence’s leadership and the team that BlockQuarry has put together.”

As it stands today, BlockQuarry self-mining operations are live with two pods, projecting an annual revenue of approximately between $1.4 million - $1.7 million. However, this is just the beginning of BlockQuarry's expansion plans, with a commitment to powering up a total of four pods by the end of the year. Notably, the Macon site is designed for immediate scalability, ramping up to an impressive 9 MW of operational power from the outset. With this substantial increase in capacity, the projected annual revenue for the Macon self-mining site is expected to reach approximately between $3 million - $3.4 million annually for the Company.

BlockQuarry's strategic vision for Macon exemplifies its dedication to pushing boundaries and establishing itself as an industry leader, setting the stage for continued growth and success.

Davis commented on the successful launch, stating: "The new site represents a significant step forward in our commitment to accelerate the growth of BlockQuarry and Pantheon mining operations. This site will be a launching pad for us to showcase our expertise to prospective clients and to the public markets.”

As the BlockQuarry team continues full steam ahead, the Company looks forward to providing immediate follow-up to the status of its Missouri operations and updated revenue projections by year-end, along with additional projects. The Company will continue to ensure the public markets and its shareholders of the immense value ahead by prioritizing on improving its operations and revenues. BlockQuarry continues to establish itself as a dedicated leader in this energy and infrastructure industry.

For more information about BlockQuarry Corp. and its pioneering projects, please visit the company's website at www.BlockQuarry.io. Stay updated with the latest news and developments by following BlockQuarry on Twitter and through official press releases.