Block One Capital Inc. Announces Investment Portfolio Update and First Shipment of Bitcoin Miners Received
21 Febrero 2018 - 2:05AM
THIS NEWS RELEASE IS NOT FOR
DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE
UNITED STATES
Block One Capital Inc. (TSX-V:BLOK) (OTCQB:BKPPF) (Frankfurt:ES3)
(the “
Company” or “
Block One”),
an investment company focused on high growth opportunities in the
blockchain and digital currency mining sector, is pleased to
provide an update on its investment portfolio.
“Block One’s focus is sourcing, evaluating and
investing in early stage, high growth opportunities at attractive
valuations. We are confident that our initial investments and our
pipeline represents best in class opportunities founded by true
technology pioneers with industry applicable track records,” said
Mr. Sothi Thillairajah, CEO of Block One. “An important
strategic initiative moving forward is our selective participation
in attractive pre-sale ICO offerings. I am very optimistic about
the transactions we have in our pipeline.”
TG12 Ventures Inc.: Cryptocurrency
MiningBlock One has acquired 90% of TG12 Ventures Inc.
(“TG12”), a cryptocurrency mining company that is in the process of
bringing online a diversified cryptocurrency mining operation in
the Mid-Western United States. TG12 will be implementing two types
of miners: Bitmain’s S9 Antminers and Canaan’s Avalon 821s. TG12
has received the first shipment of miners and expects that 1,000
miners will be operational by the end of March 2018.
Finzat Block LLC: A Blockchain Solution
for the US Mortgage IndustryBlock One has acquired 40% of
Finzat Block LLC (“Finzat”), a New York based mortgage blockchain
company aiming to streamline and digitize the US mortgage market
using innovative blockchain applications to create a system which
is Simple, Auditable, Fault-tolerant and Efficient (SAFE).
Finzat has named Michael W. Moore as the
company’s Chairman. Mr. Moore is a recognized leader in mortgage
finance and investment and risk management. During his 15 years as
the senior-most financial executive with the Chicago Federal Home
Loan Bank, he was the co-developer of Mortgage Partnership Finance
(MPF), a mortgage origination platform whereby Federal Home Loan
Bank (“FHLB”) members participate in a unique risk sharing
arrangement with their respective FHLB optimizing benefits for both
parties. Mr. Moore, in this new role as Executive Chairman, is
spearheading Finzat’s Government Sponsored Enterprise (GSE) product
development dialogue, which is a natural progression in validating
Finzat’s token use case.
CUIPO: A Social Initiative for
Rainforest PreservationBlock One acquired up to 40% of
OMAAT LTD. dba CUIPO, a London UK based technology business
harnessing the power of blockchain to digitize and democratize the
purchase and preservation of natural land assets.
CUIPO specializes in developing technologies and
infrastructure to save and protect endangered lands by the
gamification of online conservation efforts, achieved by using a
patented virtual grid system and tokenization method, one square
meter at a time. CUIPO’s revenue streams will be: product
licensing, educational gift card products, global event and
festival sponsorship opportunities and creation and management of
(CSR) Corporate Social Responsibility services for medium to large
enterprises.
Dance for 1 Meter (“D41M”), a rainforest
preservation initiative launched by CUIPO has been featured on the
front pages of Forbes.com, Huffington Post and over 20 global
publications and platforms. D41M launched in 2017 with incredible
success scoring two major deals with the largest electronic music
event promoters in New York and Ibiza, Spain. Fully supported by
many of the world’s celebrity DJ’s and artists and with over 2000
events planned for 2018/2019, D41M aims to become the largest
environmental initiative in dance music history.
For more information on Block One please visit
the Company’s website at: www.blockonecap.com.
ON BEHALF OF THE BOARD
“David Berg”Director
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS
RELEASE.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc.
Office: 760-989-2202;
email: info@blockonecap.com
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