CryptoNewsBreaks – BlockQuarry Corp. (BLQC) Reports on Company Change, Growth
Apr 5, 2022
BlockQuarry (OTC: BLQC),a Texas-based company with primary commercial-stage operations in cryptocurrency mine hosting and self-mining in the southeast United States, is scaling its cryptocurrency mining operations after changing its corporate name and stock symbol; both moves have been approved by FINRA. Most recently, the company announced that it has begun implementing its 200-megawatt (“MW”) project in Gaffney, South Carolina, including deploying the first 20 MW next-gen POD 5 containers. Those containers feature secure servers that can be mobilized and relocated at any time. In addition, the company noted that the project has been scaling up mining activity daily basis and is projected to be the largest cryptocurrency mining operation in the region. Expansion plans include adding an additional 80 MW in the next phase of growth, bringing total capacity to 100 MW; the company anticipates eventually reaching 200 MW driven by 56,000 new ASIC rigs. “Our December Q report isn’t out yet, but we are looking for annual 2021 revenues topping $1.06 million, which comes in well above our projections from midyear and represents nearly 1,900% growth over our 2020 topline,” said BlockQuarry president and chair Alonzo Pierce in the press release. “While we suspected our December revenues to level out a bit as a consequence of moving our self-mining facility from Pennsylvania to our southeastern U.S. location, we effectively minimized the impact of that transition and enter April with tremendous momentum.”
To view the full press release, visit https://ccw.fm/0eHby
About BlockQuarry Corp.
BlockQuarry focuses on cryptocurrency mine hosting and self-mining operations at a leased property located in Gaffney, South Carolina. BlockQuarry maintains a fleet of digital/cryptocurrency mining equipment and infrastructure. For more information about the company, visit www.BlockQuarry.io.
NOTE TO INVESTORS: The latest news and updates relating to BLQC are available in the company’s newsroom at http://ccw.fm/BLQC
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