BlockQuarry Corp. (BLQC), through its in-house initiatives and
strategic partnerships, has invested in growing operations targeting the telehealth and cryptocurrency mining industries.
The company specializes in strategic brand development and early growth facilitation. Management maneuvers its proprietary companies through critical stages of market development, including conceptualization, go-to-market strategies, engineering, product integration and distribution
The company’s core mission is to enhance these sectors by implementing innovative services and products that are ready to meet the demands of a changing world. To that end, BlockQuarry leverages its strategic expertise, resources and innovative software to establish market-leading companies
and partnerships, thereby ensuring success in their chosen industries.
The start of 2021 saw a massive resurgence in interest surrounding bitcoin and cryptocurrency mining. In mid-February, bitcoin prices hit an all-time high of greater than $57,000, and heightened demand for cryptocurrency mining power has played a key role in exacerbating a global shortage of semiconductors and computer components.
With a foothold in the cryptocurrency mining space, BlockQuarry has placed significant focus on expanding its position and capitalizing on this momentum. Recent highlights include:
- February 9, 2021: The company announced that
its revolutionary Pod5 Cryptocurrency Mining Pod will be powered up into full operational launch at the Bit5ive renewable energy cryptocurrency mining facility in Pennsylvania on February 12, 2021.
- February 11, 2021: The company announced that
it is in negotiations to purchase a large number of miners (between 300 and 900) in preparation for its coming Phase 3 expansion in mining volume.
- February 23, 2021: The company announced its
entry into a comprehensive Hosting and Maintenance Agreement prior to going online with its new ASIC s17 miners.
- March 2, 2021: The company announced that it
has successfully tripled its active cryptocurrency mining fleet with the addition of two new POD5IVE datacenters.
“As we continue to bring our miners online, we want our shareholders to be able to track the expansion and profitability of the company’s mining activity given the sharp rising trend in bitcoin prices,” Alonzo Pierce, President and Chairman of BlockQuarry, stated in a
news release. “It currently costs about $11K in computing power to mine a single bitcoin. Bitcoin is pricing at over five times that level, making this is an exceptional ROI opportunity, and our responsibility to our shareholders is clear: continue to invest, expand and execute.”
- BlockQuarry Corp. specializes in strategic brand development and early growth facilitation, with a focus on the telehealth and cryptocurrency mining industries.
- The company has made significant progress toward expanding its cryptocurrency mining capacity in 2021, tripling its mining fleet in early March.
- BlockQuarry Corp. operates a joint venture with Bit5ive aimed at innovating the infrastructure needed to run profitable and efficient crypto mining projects.
- Through a partnership with Proceso LLC, the company is working to create high-density processing and mobile data centers powered by renewable energy.
- The cryptocurrency market was valued at $1.03 billion by 2019, and it’s projected to reach $1.40 billion in 2024, growing at a CAGR of 6.18%, according to MarketsandMarkets.
InvestorNewsBreaks - BlockQuarry Corp. (BLQC) Featured on Stock Day Podcast
June 22, 2022 8:30 AM
BlockQuarry (OTC: BLQC), a company that focuses on cryptocurrency mine hosting and self-mining operations at its leased
property in the Southeast U.S., was featured on a recent episode of the Stock Day Podcast. BlockQuarry’s Founder and President Alonzo Pierce joined Stock Day host Sever Copley to discuss the first phase of the company’s mining operations,
as well as what investors can look forward to for the rest of the year and beyond. “Phase one is going great... We are currently running at full capacity, at 20 megawatts. The best is yet to come… Our host model and the revenues allow us to drive a clear profit. We are in times right now where the market is down, yet with our partnerships and strategic hosting opportunities, we remain positive… When our second quarter comes out in August, it will show another leg up. We are
excited, and we are staying positive and encouraged for the opportunities that have been set before us,” said Pierce, before further discussing the expansion of BlockQuarry’s revenue model as vital to move into the next phases of the project. “Our new ventures with energy and infrastructure are also key elements that will give us a stronger and more positive balance sheet.”
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Blockchain Futurist Conference
8/9 - 8/10
The Blockchain Futurist Conference is a larger-than-life Blockchain event that returns to Toronto on August 9-10th, 2022. Being held in the cabana area of the waterfront, the conference will witness 5000 people networking and participating in panel discussions, keynote sessions, round tables, panels, workshops, and more.
The conference is hosted by Untraceable Events, a global company organizing blockchain and cryptocurrency events in Canada since 2013.
As a part of the Blockchain Futurist Conference, the ETHToronto will be held from August 8-10th 2022. Those who are interested in building the web3 world can participate as hackers, mentors, speakers, or volunteers.
Eminent personas and dignitaries will be residing as speakers in the main stage presentations, alongside panel discussions and industry keynotes. Interested parties can enroll in the numerous workshops being conducted at the event.
To learn more, please visit https://www.futuristconference.com
To learn more about the ETHToronto event, please visit https://www.ethtoronto.ca
- Investors, tech wizards, financial institutions, researchers, regulators, businesses, and enthusiasts of the crypto, blockchain, NFT, Metaverse, Defi, and DAOs arena are invited to attend the Blockchain Futurist Conference.
- Offering a futuristic immersive experience, the event is Canada’s largest cryptocurrency and Blockchain event, being held from 9-10th August 2022 at the Rebel Entertainment Complex & Cabana, Toronto, Canada.
- The ETHToronto, the official Hackathon of the Blockchain Futurist Conference, will be held from 8-10 August 2022 at the 40,000 square foot mega hacker indoor dome
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