BI-MONTHLY SpotLight

BlockQuarry Corp.
(BLQC)

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 efficiency.

Mission

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.

Cryptocurrency Mining 

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.”

Investment Considerations:

• 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.

Additional Resources:

• Company Website
• NewsRoom

Recent Coverage

Wire Network Unveils Crypto Interoperability Wallet

Wire Network has unveiled a protocol called Universal Polymorphic Address protocol (UPAP) designed to allow its users to own a digital wallet that is readable regardless of the specific blockchain on which a user’s NFTs or cryptocurrencies are built. The protocol achieves this by giving each user a universal address that can be accessed from any blockchain system as long as one has the authentication credentials.

The UPAP protocol can also facilitate gaming, has improved usability and enhanced security from cyberattacks, and can be scaled quickly to suit any decentralized apps or crypto trading operations.

Wire Network CEO Ken DiCross says unlike competitor protocols, UPAP is decentralized and is more cost effective when compared to what is currently available in the sector. He adds that other products on the market have significant vulnerabilities at the bridges through which one blockchain system can interact with another, such as when a user is paying for a particular crypto using another crypto. The procedures of interoperability for the existing products on the market are also complex, leading to user frustrations, DiCross adds.

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Upcoming Events

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