CypherPunk Holdings (CYFRF)

[ThSeeker]

Cypherpunk Announces Agreement with MiningStore

Toronto, Ontario--(Newsfile Corp. - October 21, 2021) - Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: KHRIF) ("Cypherpunk" or, the "Company"), a sector leader for cryptocurrency, privacy and cryptography focused investments, is pleased to announce that it has entered into an agreement with MineOn LLC, dba MiningStore, a large-scale hosted cryptocurrency miner.

Under the agreement signed on October 18th 2021, Cypherpunk has purchased 25 Bitmain S19J Pro miners (the "Equipment") for USD $300,000 which each produce 100 terahashes per second each, and has leased the Equipment to MiningStore, which will host and operate the machines in Iowa, USA for Cypherpunk pursuant to a managed mining and profit sharing agreement.

"Our focus of investing in cryptocurrency has now broadened to include mining," Tony Guoga, Cypherpunk CEO, stated. "This investment in cryptocurrency mining helps Cypherpunk diversify its investment portfolio and is intended to allow Cypherpunk to continue to accumulate cryptocurrency assets. Cypherpunk is in a position to be a supplier of Bitcoin (BTC) and not just a buyer."