BlockQuarry Corp (BLQC)

[CL30_Capt]

Bitcoin mining positive note....

Q3.21 Quarterly:

Intangible assets – cryptocurrency
Page 12 of 23
As part of the mining services performed through the Company’s pods and mining equipment purchased, the Company earns rewards in bitcoin through a service provider. During the nine months ended September 30, 2021, the Company earned a total of approximately 7.02 bitcoin, which had a value in aggregate of $308,803 based on the prevailing marketing price on the date each coin was earned by the Company. These crypto currency assets are reflected as intangible assets on the Company’s balance sheet and were recorded as revenue in accordance with ASC 606.

https://www.otcmarkets.com/otcapi/company/financial-report/310219/content


Q2.21 Quarterly:

Intangible assets - cryptocurrency
Page 9 of 19
As part of the mining services performed through the Company’s pods and mining equipment purchased, the Company earns rewards in bitcoin through a service provider. During the three months ended June 30, 2021, the Company earned a total of approximately 0.57 bitcoin, which had a value in aggregate of $19,973 based on the prevailing marketing price on the date each coin was earned by the Company. These crypto currency assets are reflected as intangible assets on the Company’s balance sheet.

https://www.otcmarkets.com/otcapi/company/financial-report/297737/content