Cryptoblox Technologies Inc. announce the signing of a non-binding letter of intent (?LOI?) with Crypto Green Tech Inc. (?Crypto Green?) for a strategic partnership whereby CryptoBlox will acquire the rights to Crypto Green?s patent pending modular, renewable energy-powered crypto mining infrastructure. CryptoBlox Strategy: With the recent acquisition of Redwater Acquisition Corp. (?Redwater?), a modular air-cooled data center facility, powered by flared gas in Sturgeon County, Alberta, CryptoBlox began rolling out an off-grid mining strategy that utilizes alternate energy (such as flare gas in Redwater?s case) to power digital asset mining operations.

The Company looks to expand its alternate energy powered off-grid digital asset mining operations with the acquisition of exclusive rights to Crypto Green?s technology that enables modular, renewable energy-powered mining infrastructure development and deployment world-wide. Acquiring rights to the patent pending technology and its exclusive world-wide development and distribution is expected to allow CryptoBlox to extend their off-grid mining infrastructure to retail users while further developing hyper-modular digital asset self-mining farms using the technology. Beyond digital asset mining, the Crypto Green technology can be used in many ways.

Users can charge their electric car, use the stored power as a backup for their house or monetize the energy generated (without 3rd parties) through digital asset mining. Traditionally, to monetize excess energy generation via renewables, users are required to sell that energy back to the grid operator/utility company at a fraction of the electricity market rate. However, through the innovative design of Crypto Green?s technology and the fundamentals of blockchain technology, the need for an intermediary regarding monetization has been eliminated.

Subject to applicable regulatory regimes, users can monetize more profitably as they keep 100% of all their mining revenue while also accruing carbon credits which can then be further monetized in the future. The exclusive development and distribution rights granted to CryptoBlox would strengthen the Company?s position in the alternate energy powered off-grid mining space ? further compounding on their existing alternate energy powered digital asset mining strategy.

The Company plans to additionally scale through the incorporation of stranded energy assets that provide cheaper energy. This development comes at a crucial time when climate change is causing energy crises globally. Emergency grid mandates that have seen in recent years pose a significant risk to all energy-intensive operations, including digital asset mining powered by on-grid electricity.

The Company?s aim is to reduce its and its customers? reliance on on-grid energy and the associated intermediary risks by investing in stranded/renewable energy assets.