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$BLQC - "Transitioning to AI data storage and HPC, $BLQC is leveraging cutting-edge technology for robust data solutions. Our focus on real-time analytics and operational efficiency ensures high ROI, meeting the advanced computing needs of diverse industries. As more and more data is needed to run today’s business needs, our team of experts are building infrastructure to meet the increased demand of our clients."
Transitioning to AI data storage and HPC, $BLQC is leveraging cutting-edge technology for robust data solutions. Our focus on real-time analytics and operational efficiency ensures high ROI, meeting the advanced computing needs of diverse industries. As more and more data is…
— BlockQuarry Corp (@blockquarryco) July 19, 2024
$BLQC BlockQuarry Corp. Shapes the Future with AI-Driven Data Storage and High-Performance Computing
https://www.globenewswire.com/en/news-release/2024/07/16/2913687/0/en/BlockQuarry-Corp-Shapes-the-Future-with-AI-Driven-Data-Storage-and-High-Performance-Computing.html
HOUSTON, July 16, 2024 (GLOBE NEWSWIRE) -- via IBN – BlockQuarry Corp. (OTC: BLQC), a leading Texas-based energy and infrastructure company, continues its strategic shift from its traditional bitcoin mining operations to AI-driven data storage and high-performance computing (HPC). This move positions BlockQuarry at the forefront of technological innovation, catering to the rapidly growing demands for advanced computing solutions.
BlockQuarry is transitioning its focus to AI and HPC to align with market trends and capitalize on emerging opportunities. This pivot positions BlockQuarry in the middle of a rapidly growing sector, with the global AI market projected to grow significantly in the coming years. The global AI market is expected to reach $390.9 billion by 2025, expanding at a compound annual growth rate (CAGR) of 37.3% from 2020?. Similarly, the HPC market is anticipated to grow at a CAGR of 6.7% to nearly $50 billion by 2027.
The new AI and HPC facility will utilize cutting-edge technologies to offer robust data storage and processing solutions. These advanced technologies will enable real-time data analysis, significantly enhancing operational efficiency and productivity. With AI and HPC applications becoming crucial in sectors such as healthcare, finance, and commercial retail, BlockQuarry’s transition positions the company to meet the increasing demand for sophisticated computing capabilities.
The demand for HPC solutions is expected to surge, driven by the growing complexity of scientific research, the expansion of big data analytics, and the integration of AI technologies across various industries. The global HPC market was valued at $36 billion in 2020 and is projected to reach $55.1 billion by 2028, growing at a CAGR of 6.5% from 2021 to 2028?. This strategic pivot allows BlockQuarry to address this demand effectively and capture a significant share of these valuable markets.
“Our strategic pivot towards AI-driven data storage and HPC marks a pivotal moment for BlockQuarry. By focusing on AI and HPC, we are not only addressing current market needs but also positioning ourselves for future growth,” said Alonzo Pierce, president and chair, BlockQuarry Corp.
This transition is expected to significantly enhance BlockQuarry’s revenue streams, with the new facility projected to generate substantial income. By leveraging AI and HPC, BlockQuarry aims to achieve higher operational efficiency and profitability, driving long-term value for shareholders.
$BLQC - "With the AI market projected to grow at a 30.4% CAGR over the next five years, our partnership with Hawkeye Industrial Services ensures that $BLQC is positioned at the forefront of this rapid industry growth. This move signifies our strategic bet on the future of technology and data processing with a team that can get the job done."
With the AI market projected to grow at a 30.4% CAGR over the next five years, our partnership with Hawkeye Industrial Services ensures that $BLQC is positioned at the forefront of this rapid industry growth. This move signifies our strategic bet on the future of technology and…
— BlockQuarry Corp (@blockquarryco) July 2, 2024
HOUSTON, June 27, 2024 (GLOBE NEWSWIRE) -- via IBN -- BlockQuarry Corp. (OTC: BLQC), a leading Texas-based energy and infrastructure company, today announced a transformative strategic partnership with Hawkeye Industrial Services. This collaboration will convert the Missouri data processing site into a state-of-the-art artificial intelligence (AI) computing facility, poised to lead the industry in high-performance AI operations and localized data processing solutions.
Strategic Vision and Market Opportunity
In an era where AI and high-performance computing (HPC) are rapidly evolving, this partnership positions BlockQuarry and Hawkeye Industrial Services at the forefront of technological innovation. The global AI market, with a projected compound annual growth rate (CAGR) of 30.4% over the next five years, offers substantial opportunities for growth and innovation. Similarly, the HPC market, valued at $50.02 billion in 2023, is expected to reach $109.99 billion by 2032, driven by increasing demands in sectors such as defense, healthcare, banking, and commercial retail. The initial transition phase will begin shortly, with the acquisition of the power contract and land lease in Missouri, dedicated to AI and data processing operations.
$BLQC - "$BLQC is in conversation with two separate business partnerships, both global and domestic, bringing with it the potential to significantly increase our self-mining fleet by bringing online a considerable amount of S19XP and the brand new S21 ASIC miners. This will allow the Company to greatly increase its petahash, post halving, without large capital contributions or additional financing. More details to come on as these partnerships progress."
$BLQC is in conversation with two separate business partnerships, both global and domestic, bringing with it the potential to significantly increase our self-mining fleet by bringing online a considerable amount of S19XP and the brand new S21 ASIC miners. This will allow the…
— BlockQuarry Corp (@blockquarryco) April 29, 2024
$BLQC - "BlockQuarry Corp. proudly presents our 2023 annual financial statements:
Revenue Report: After a temporary pause, we've resumed reporting with strong revenues ending out the year for 2023.
Legal Confidence: Guided by expert legal advice, we are optimistic about the outcomes of our counterclaims.
Governance and Compliance: This report is a testament to our dedication to transparency and good corporate governance as we advance our annual audit.
Learn More: For complete insights into our financial health, visit
https://www.otcmarkets.com/otcapi/company/financial-report/397691/content "
BlockQuarry Corp. proudly presents our 2023 annual financial statements:
— BlockQuarry Corp (@blockquarryco) April 16, 2024
Revenue Report: After a temporary pause, we've resumed reporting with strong revenues ending out the year for 2023.
Legal Confidence: Guided by expert legal advice, we are optimistic about the outcomes of…
$BLQC BlockQuarry Announces Executive Team Changes and Provides Operational and Financial Outlook Update
https://www.globenewswire.com/news-release/2024/03/26/2852287/0/en/BlockQuarry-Announces-Executive-Team-Changes-and-Provides-Operational-and-Financial-Outlook-Update.html
HOUSTON, March 26, 2024 (GLOBE NEWSWIRE) -- via IBN – BlockQuarry Corp. (OTC: BLQC), a leading Texas-based energy and infrastructure company, today officially announced the mutual departure of two key members of its executive team: Lawrence Davis, former Chief Operating Officer, and Sam Escobar, former Director of Ground Operations. The Company has also provided an updated outlook on its operations and financial performance.
Davis and Escobar played pivotal roles in the early stages of BlockQuarry's partnership, overseeing the relocation of the Company’s mining equipment to the Missouri site and initiating and establishing key relationships with the highly credentialed team of engineers that are currently operating the Company’s mining facilities. The departure of Davis and Escobar, following the completion of their responsibilities and compensation, was a mutual decision that allows them to focus on their private endeavors with Pantheon Resources while continuing to be an advisory partner for BlockQuarry, while BlockQuarry will continue to work in direct partnership with the engineering team in Missouri.
BlockQuarry's core business model remains unchanged, with a focus on self-mining operations. The company will continue to work directly with the engineering team in Missouri to expand its self-mining operations. Alonzo Pierce will oversee public company operations, while the engineering team will manage day-to-day bitcoin mining activities.
Key factors that led to the shift from a partner-led bitcoin mining and hosting business model to a sole operating bitcoin self-mining facility, were very clear to the Company. While spending considerable time and resources evaluating the future of the business and the current market, it was evident that focusing resources as a direct self-mining operation, would lead to a greater increase in net revenue and the ability to operate at speed and agility. These key factors will have a direct positive impact on the operational and financial outlook of BlockQuarry, and will allow the Company to create consistent value to its shareholders at a much more rapid rate.
Financially, BlockQuarry is on a solid footing, projecting annual revenue between $2.2 million and $2.5 million. This reflects a revised forecast from our previous annual estimates between $1.4 million and $1.7 million. Additionally, the Company is committed to sourcing and powering up to three additional megawatts by the end of Q3, for a total of up to 5 MW of operational power, with plans to continue expansion commensurate with revenue and funding.
With a focus on growth and efficiency, BlockQuarry is poised to continue its leadership in the cryptocurrency mining industry and deliver immense value to its shareholders and looks forward to building and scaling operations in anticipation of the Bitcoin halving and highly anticipated bullish Bitcoin cycle ahead.
We need an update. Bitcoin 60k and we drop
$BLQC - "Inside the operations of BlockQuarry.
These numbers represent what a Bitcoin mining pod BTC production does on a annual basis with no added efficiency tools such as overclocking.
At current $BTC price, each pod is expected to generate, at base levels, approximately $1M in annual revenues.
Our team couldn't be more excited about where this Company is headed 2024 and beyond as we continue to expand. "
Inside the operations of BlockQuarry.
— BlockQuarry Corp (@blockquarryco) February 14, 2024
These numbers represent what a Bitcoin mining pod BTC production does on a annual basis with no added efficiency tools such as overclocking.
At current $BTC price, each pod is expected to generate, at base levels, approximately $1M in… pic.twitter.com/obRN7goJMv
$BLQC - "As our mining operations continue to scale up to a pace that we are expecting to be at, the team at BlockQuarry is dedicated to making sure we’re following through with our past and current commitments.
A plan has been put in place for us to achieve realistic milestones and we couldn’t be more grateful for the team and partners we have behind the Company.
With that said, we’re excited to share that the much-anticipated revamping of our registration statement is underway with an upgraded team of legal advisors, who will support us in providing an accurate assessment of our bolstered governance, strengthened financial statements, and scaled up operations."
As our mining operations continue to scale up to a pace that we are expecting to be at, the team at BlockQuarry is dedicated to making sure we’re following through with our past and current commitments.
— BlockQuarry Corp (@blockquarryco) February 6, 2024
A plan has been put in place for us to achieve realistic milestones and we…
$BLQC - "As stated earlier this week, the Company anticipates a positive reflection, on our upcoming FY23 financial audit, of the progress that has been made across the entire business.
BlockQuarry spent H2 of last year forging new partnerships, reducing debt liabilities, becoming operational, all while preparing for the future.
Now that partnerships are moving forward and once the FY23 audit is complete, our next move is fulfill this promise:
✅ Meeting OTCQB standards
📷 Providing strong corporate governance including continuing of our Registration Statement
📷Showing solid financials"
As stated earlier this week, the Company anticipates a positive reflection, on our upcoming FY23 financial audit, of the progress that has been made across the entire business.
— BlockQuarry Corp (@blockquarryco) February 2, 2024
BlockQuarry spent H2 of last year forging new partnerships, reducing debt liabilities, becoming…
$BLQC BlockQuarry Corp. Issues Shareholder Letter, Noting Key Milestones and Corporate Goals
https://www.globenewswire.com/news-release/2024/01/25/2816696/0/en/BlockQuarry-Corp-Issues-Shareholder-Letter-Noting-Key-Milestones-and-Corporate-Goals.html
HOUSTON, Jan. 25, 2024 (GLOBE NEWSWIRE) -- via IBN -- BlockQuarry Corp. (OTC: BLQC), a leading Texas-based energy and infrastructure company, today issues a letter to shareholders that provides updates and insights into the company’s progress, strategies and plans for the future.
In November 2023, a significant chapter began in our story as BlockQuarry joined in a strategic partnership with Pantheon Resources, Inc., a move that fully recognized the immense potential of BlockQuarry. This partnership is a fusion of the shared values and visions that seek to create a renewed focus on building a valuable company. By combining our efforts, the partnership brings more experience, a variety of new skills, and a stronger team that is better suited to take on the challenges that you, the Shareholder, expect.
In 2024, we are set to experience several events that could provide a rich environment for growth:
Increase in Investment Capital: The recent shift in investor sentiment towards greater risk tolerance is expected to infuse the market with trillions of dollars, particularly benefiting tech-centric companies. These conditions are ripe for us to seize opportunities for creating innovative products and services. We've successfully forged new investor relationships and secured fresh investments, ensuring our capital needs are met through Q2 FY24. These partnerships are not just valuable, they are integral to our growth strategy. The response to our operations has been overwhelmingly positive, reflecting our strategic alignment with market trends. A notable achievement in this regard is our team's ability to secure funding that enables us to significantly expand our Bitcoin self-mining capacity. For example, our team has secured new funding that will allow us to increase our Bitcoin self-mining capacity at our initial site, from 2 MW up to 12 MW in short order.
Additionally, we are building out new mining infrastructure that will attach to our current land and power capacity across numerous sites, which stand to produce 60 MW. The first of this buildout consists of two projects that will provide 20 MW of self-mining operations.
Bitcoin Mining Developments: Technological advancements in energy-efficient Bitcoin mining are set to significantly lower BlockQuarry's operational costs. Our in-house Engineering team is instrumental in these developments, ensuring profitability despite decreasing mining rewards. These improvements also lead to more sustainable mining practices. Concurrently, as we expand our operations, we're making efficiency gains and designing new facilities eligible for carbon credits, aligning our growth with environmental responsibility.
In the very near term, days even, BlockQuarry will be at 70 PH/s, ensuring a stable but very powerful mining operation. At that rate, we anticipate five Bitcoins per month for every two containers of miners at an average hash rate exceeding 150 TH/s. These techniques will be applied to all new inventory to reach maximum potential before and after the Bitcoin halving event anticipated for April 2024. Our revenue models show a healthy business where others will be forced to capitulate.
Continued Rapid Growth in Artificial Intelligence: AI grew at unprecedented rates in 2023. 2024 looks to be no different. As adoption rates for AI continue at a blistering pace, far greater than any cryptocurrency, the need for resources to process these demands will offer new opportunities for us. BlockQuarry has already begun to allocate and acquire resources, including new land, power and buildings to facilitate AI data processing. The Pantheon BlockQuarry team has conducted early talks with investors who have a real demand for AI processing, and we expect to be able to provide services to them this year.
Through lessons learned in our growth model for cryptocurrency mining, we have a template to bring AI processing to our portfolio quickly and efficiently.
Interest Rate Cuts: If central banks opt for interest rate cuts as predicted, we could see a weakening in appetite for fixed income and money market funds, pushing investors towards risk-on assets. This should prove advantageous for alternative assets including Cryptocurrency. BlockQuarry stands to build out new infrastructure to capitalize on this shift in markets, enabling us to participate in this increased demand.
Bitcoin and the Bitcoin ETF: Bitcoin is the bellwether cryptocurrency, and all indicators point toward increased adoption. The approval of several Bitcoin ETFs has the potential to provide a significant boost to the cryptocurrency market by making Bitcoin more available and accessible to retail and institutional investors, enhancing liquidity and stabilizing its price, while increased regulatory clarity can help secure a future where Bitcoin is adopted as more than an instrument for speculation. Stable Bitcoin allows us to forecast with more certainty and execute plans with more confidence that our efforts will yield outsized gains for our Shareholders.
The cornerstone of our strategy should always be creating long-term value for you, the Shareholder. Since coming aboard, we have been laser-focused on this goal. Here are some key areas we have been working on since day one of the partnership:
Business Restructuring: We have taken a hard look at our operations, identifying points for improvement. This includes restructuring the accounting and financial systems and streamlining the flow of cash to support our capital plans. Specifically, we created a CFO role with the requirement to ensure the above are actioned correctly and with appropriate transparency. We have also added to our team of experienced professionals who are implementing the necessary platforms and technologies to maintain these new structures and ensure long-term success.
Cost Optimization: Each new project is researched and modeled using financial data science and industry best practices to ensure feasibility and appropriate risk/ reward comparison. Significant effort has been taken to conduct thorough due diligence and market research to find the lowest price for every requirement for our projects while ensuring quality outcomes.
Revenue Growth: Our revised growth strategy centers around two segments. The first is our core mining operation, which will ensure that we are uniquely situated to benefit from the incoming changes to the cryptocurrency market. The second is an energized process of planning to capture market share in data processing in emerging areas of the economy. By strengthening our core, while diversifying our revenue streams, we stand to perform stronger than at any point in the company’s past. As BlockQuarry expands its mining operation and begins to develop infrastructure to support AI demand, we anticipate a greater increase in revenue for 2024 in the multiples.
Corporate Responsibility: BlockQuarry, in collaboration with Pantheon, is firmly committed to ethical business practices. We have also tripled our team of competent legal professionals and are currently responding to attacks on our company and the industry through appropriate legal action. We are responding to frivolous and insidious behavior with a measure of resolve.
As we combine our efforts and advance our shared vision, we remain steadfast in our commitment to achieve the growth that our Shareholders rightly expect. We will continue to improve our business model, innovate and work hard to bring you results.
$BLQC - "Below are several current and near term initiatives that our team is excited to announce:
•? ?Current mining hash rates of 55 PH/s with peak hash rate of 60 PH/s with an operational goal to increase hash rate by 1-2% a day
•? ?Proudly in Foundry's top 3% pool rate with our eyes set on the top 1%, in preparation of the bitcoin halving
•? ?Forecasting bitcoin production of 4-5 bitcoins per month, per 2MW
•? Phase one of immersion cooling testing commenced
•? ?Tech support on the ground 24/7 by end of this month
•? ?Staking out and clearing additional sites for immediate operational build out"
Monumental moment for the crypto world with the #Bitcoin ETF approvals!
— BlockQuarry Corp (@blockquarryco) January 11, 2024
With our innovative mining solutions, BlockQuarry is poised to be at the forefront of this new era. Our team is committed to pioneering the path for secure, sustainable, and profitable blockchain…
$BLQC - "BlockQuarry and Pantheon operational update!
Our team in Missouri, who utilizes the largest mining pool in the industry in Foundry USA, is continuing to pull remarkably efficient numbers at 130 TH/s per miner. This team is quickly becoming the standard in the industry, moving into the elite top 3% pool rate - with our sights set at top 1%."
BlockQuarry and Pantheon operational update!
— BlockQuarry Corp (@blockquarryco) January 3, 2024
Our team in Missouri, who utilizes the largest mining pool in the industry in Foundry USA, is continuing to pull remarkably efficient numbers at 130 TH/s per miner. This team is quickly becoming the standard in the industry, moving…
$BLQC - "The BlockQuarry and Pantheon team continues to make incredible strides with our current self-mining operations in Missouri. Here’s a preview of what we have been up to!"
The BlockQuarry and Pantheon team continues to make incredible strides with our current self-mining operations in Missouri. Here’s a preview of what we have been up to!
— BlockQuarry Corp (@blockquarryco) December 27, 2023
Revolutionized Efficiency: We are currently achieving 85% efficiency on our inventory of miners and are…
$BLQC - "The BlockQuarry and Pantheon team is resolute in leading from the front. Defining the future with our commitment to building out the next generation of profitable Bitcoin mining solutions.
Our operational pods and miners in Macon, Missouri are just the beginning of the journey, as we continue to push boundaries and secure our spot as an industry leader that others will look to follow.
Join us on this journey towards a sustainable and profitable future."
The BlockQuarry and Pantheon team is resolute in leading from the front. Defining the future with our commitment to building out the next generation of profitable Bitcoin mining solutions.
— BlockQuarry Corp (@blockquarryco) December 21, 2023
Our operational pods and miners in Macon, Missouri are just the beginning of the journey,… pic.twitter.com/U4liBNXSuW
$BLQC BlockQuarry Corp. and Pantheon Resources Approve Change of Control, Welcome New Interim CEO and CFO, Stephen Stenberg
https://www.globenewswire.com/news-release/2023/12/18/2797801/0/en/BlockQuarry-Corp-and-Pantheon-Resources-Approve-Change-of-Control-Welcome-New-Interim-CEO-and-CFO-Stephen-Stenberg.html
HOUSTON, Dec. 18, 2023 (GLOBE NEWSWIRE) -- via IBN -- BlockQuarry Corp. (OTC: BLQC), a leading Texas-based energy and infrastructure company, proudly announces a transformative phase in its corporate leadership and strategic direction by agreeing to terms on a change of control that effectively allows for a span of voting control across the executive team. A pivotal key member of the executive leadership team is also being announced with the appointment of interim CEO/CFO, Stephen Stenberg.
Under the new terms, former president and chairman, Alonzo Pierce, has formally relinquished the president title and extended it to the current COO of BlockQuarry, Lawrence Davis, setting the stage to support what the Company believes is the next phase of exponential growth, both operationally and financially. Pierce, who will remain with BlockQuarry as chairman and senior advisor, shares in the vision of this integration, emphasizing the importance and need for these changes to take place in order to propel the Company to greater heights in the bitcoin mining, energy and infrastructure space. As part of this strategic evolution, Pierce and Davis express confidence in the shared commitment between BlockQuarry and Pantheon. Together they view this collaboration as a way to leverage the resources, strengths and talents of each entity and simultaneously create a synergy that aligns with their collective vision for the Company's future success.
A major key move to ensure the future success of the Company is the appointment of Stenberg as interim CEO and CFO of BlockQuarry. During his career in the equities markets, Stenberg has demonstrated a stellar track record in restructuring financial frameworks and implementing cutting-edge data science technologies, most recently at Pantheon Financial Partners, underscoring his commitment to establishing financial health and innovation within the Company. As previous founder and managing partner of Spectre Research, Stenberg has shown great entrepreneurial success, achieving an annualized rate of return for his portfolio of investors in a span of 5 years that has outperformed the S&P 500. Stenberg's leadership in the United States Army Special Forces further highlights his dedication and commitment to discipline, strategy and performance. Stenberg holds a bachelor of arts degree from Columbia University, certifications from the CFA Institute, and has a strong proficiency in technology, including Python, JavaScript and R, aligning himself with the ever evolving financial and technological landscape of today.
Stenberg's multifaceted proficiency, including alternative asset management, financial data analysis and software development, aligns seamlessly with the dynamic needs of BlockQuarry.
Davis expressed confidence in Stenberg's leadership, stating: "Stephen's expertise will usher in a transformative phase for BlockQuarry, promising tremendous value, strategic growth and unparalleled innovation."
Stenberg said this about his first impressions of the Company and the state of the business: "I am so thrilled to join a team that is committed to re-energize the space we are in and who bring a disciplined approach to the business, ensuring long-term value for our customers and investors. My confidence in my partners, both military veterans and experienced professionals, leaves me excited for the future."
As BlockQuarry sets sail into this new era, through an extended voting span of control and with Stenberg and Davis leading the way, the Company remains committed to delivering immense value to its shareholders and contributing to the broader landscape of energy, infrastructure and blockchain innovation.
$BLQC - "#ICYMI , our COO of @blockquarryco, Lawrence Davis, sat down with @JRC_Stocks during the most recent #OTCStockTalk to discuss his new role within the Company and his take on the future of business operations."
#ICYMI , our COO of @blockquarryco, Lawrence Davis, sat down with @JRC_Stocks during the most recent #OTCStockTalk to discuss his new role within the Company and his take on the future of business operations.
— BlockQuarry Corp (@blockquarryco) December 13, 2023
We've got soundbites in the thread!$BLQChttps://t.co/069y7SFHOb
Sit tight dollars next year
$BLQC - "From dawn till dusk, the BlockQuarry and Pantheon team have been putting in the work with our transition to Missouri.
Take a look at some of the behind the scenes photos from the move."
From dawn till dusk, the BlockQuarry and Pantheon team have been putting in the work with our transition to Missouri.
— BlockQuarry Corp (@blockquarryco) November 28, 2023
Take a look at some of the behind the scenes photos from the move. Won’t be long until we are operational at our first Missouri site!
“I am continually… pic.twitter.com/rXSEvidpEr
$BLQC - "Precision in every move, dedication to the grind. Sam Escobar, our Director of Ground Operations at BlockQuarry seen here, loading up the last of the mining equipment from the Gaffney site, fueled by a his relentless drive to execute on the task at hand."
Precision in every move, dedication to the grind. Sam Escobar, our Director of Ground Operations at BlockQuarry seen here, loading up the last of the mining equipment from the Gaffney site, fueled by a his relentless drive to execute on the task at hand.
— BlockQuarry Corp (@blockquarryco) November 20, 2023
The company couldn’t be… pic.twitter.com/jlUHWgkS98
BLQC, this Scam's old symbol was ISWH before. It changed the symbol and doing Pump and dump again.
It did 1 for 5000 R/S and now O/S went to 100 Million from 1.5 million. A Diluting Machine!!
https://www.otcmarkets.com/stock/BLQC/security
$BLQC BlockQuarry Seeks to Propel Operational Growth, Appoints Lawrence Davis as Chief Operating Officer and Sam Escobar as Director of Ground Operations
https://www.globenewswire.com/news-release/2023/11/16/2781988/0/en/BlockQuarry-Seeks-to-Propel-Operational-Growth-Appoints-Lawrence-Davis-as-Chief-Operating-Officer-and-Sam-Escobar-as-Director-of-Ground-Operations.html
HOUSTON, Nov. 16, 2023 (GLOBE NEWSWIRE) -- via IBN – BlockQuarry Corp. (OTC: BLQC), a leading Texas-based energy and infrastructure company, is pleased to announce the appointment of Lawrence Davis as its new Chief Operating Officer (COO) and Sam Escobar as its new Director of Ground Operations. This strategic move marks a significant addition to BlockQuarry’s executive team and reflects the company's commitment to strengthening its innovation and leadership in the rapidly growing Energy and Infrastructure sector.
Davis, a distinguished combat veteran and seasoned entrepreneur, assumes the pivotal role of COO at BlockQuarry. Davis brings a wealth of experience garnered from multiple overseas deployments with the U.S. Army and subsequent roles as a mission lead, project manager and executive consultant. His transition from executive consulting to entrepreneurship saw the founding of a renowned security firm, specializing in maritime and facility security plans, establishing a stellar reputation in the field. Davis's entrepreneurial journey continued with the founding and establishment of a digital assets fund, Wandering King Studios, a software company specializing in Web 3 product offerings and digital assets.
Alonzo Pierce, chairman of BlockQuarry, expressed confidence in Davis's leadership, stating: "We believe Lawrence Davis is the catalyst BlockQuarry needs to propel us into the next phase of operational growth. His extensive military and entrepreneurial background make him a valuable asset to our team, ensuring that we continue to thrive in this ever-evolving landscape."
Escobar, a decorated combat veteran and operational expert, steps into the role of Director of Ground Operations at BlockQuarry. Escobar's journey, following distinguished service with the U.S. Army, took him into the private security sector where he excelled in executive consulting and high-level security training. Notably, Escobar's contributions have been instrumental in establishing and scaling multiple companies, showcasing his operational prowess in growing profitable entities. His expertise extends to blockchain technology and digital asset management, as founder of a software protocol that is currently being used in gaming and augmented reality training and as an active board member of a well-established digital assets CPO fund.
Pierce emphasized Escobar's unique contributions, stating: "Sam Escobar's background and passion for emerging technologies make him an invaluable addition to our team. His operational insights align seamlessly with BlockQuarry's vision for growth and scalability, solidifying our position as leaders in the industry."
With Davis and Escobar at the helm, BlockQuarry anticipates a strategic and dynamic approach to operations, ensuring the company remains at the forefront of innovation and success in the public markets. Shareholders and the public can expect continued excellence and growth under their leadership.
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.
$BLQC BlockQuarry Corp. Announces Favorable Settlement Agreement, Regains Possession of Gaffney Mining Assets and Reveals Plans For Current Operations, Debt Consolidation
https://www.globenewswire.com/news-release/2023/11/08/2776853/0/en/BlockQuarry-Corp-Announces-Favorable-Settlement-Agreement-Regains-Possession-of-Gaffney-Mining-Assets-and-Reveals-Plans-For-Current-Operations-Debt-Consolidation.html
HOUSTON, Nov. 08, 2023 (GLOBE NEWSWIRE) -- via IBN – BlockQuarry Corp. (OTC: BLQC), a leading Texas-based energy and infrastructure company, is pleased to announce results of a favorable judgment in the case of Blockquarry Corp v. Litchain Corp et al. 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 is excited to provide several forward-looking statements regarding updates on future debt consolidation, and operational plans for the current mining inventory and assets on hand.
Alozno Pierce, president and chair of BlockQuarry, couldn’t be more excited as to what this moment means for the future of the Company.
“This (moment) has been a long time coming and a result in which we were confident of achieving,” Pierce states, in response to the settlement agreement. “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.”
BlockQuarry will look to capitalize on this momentum in a few key areas of the business, establishing a foundation that will help propel the Company forward both operationally and financially. Below are a few key areas the Company will be focusing on in the near term:
Acquire all mining assets from the Gaffney location and prepare them to be shipped to a new Company site in Jackson County, Missouri.
Utilize highly experienced engineers to conduct assessments for all mining and infrastructure equipment at a facility in close proximity to the Jackson County site and make adjustments to retrofit the equipment for future planned operations.
Establish the Operations Management team at the new Jackson County site and begin to assimilate the mining infrastructure to prepare for operational expansion.
Allocate settlement proceeds toward the significant reduction of debt liability of the Company by targeting the remaining excess dilutive convertible debt, ensuring the elimination of any future excessive dilution.
“This is a very proud moment for the Company and for its shareholders,” said Pierce. “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.”
The Company looks forward to providing more detailed updates on the execution of these key areas of business expansion as they become complete.
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.
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Posts (Total)
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81748
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Created
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07/01/08
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Type
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Free
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| Moderators | |||
AI
