Link Global Technologies Signs Contract Commissioning an Additional 10 Megawatts for Bitcoin Mining, and May Increase Gross Revenues by 167% – TheNewswire.ca

  • Link Global Technologies Signs Contract Commissioning an Additional 10 Megawatts for Bitcoin Mining, and May Increase Gross Revenues by 167%

    – Through its Partnership with Block One Technologies, Link Adds Phil Harvey as General Manager of Operations

VANCOUVER, BC, CANADA – TheNewswire – November 25, 2020, LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK) (CNSX:LNK.CN) (FRA:LGT) (OTC:LGLOF) (“LINK” or the “Company”), an innovative power and infrastructure solutions provider for Bitcoin mining and data hosting operations, is pleased to announce that it has signed an additional agreement (the “Agreement”) with Block One Technologies Inc. (“Block One”) dated November 20, 2020 pursuant to which Link has agreed to supply Block One with 10 megawatts (MW) of electrical power for an initial term of one year, at an agreed-upon rate calculated in Canadian dollars per kilowatt-hour. With the signing of this Agreement, Link may increase the gross revenues reported in the last fiscal quarter (Q3 2020).

This latest Agreement is part of a phased power generation alliance between Link and Block One. Link has been supplying Block One with clean power generated from inactive oil and gas wells in Alberta and semi-portable infrastructure solutions that improve Bitcoin and digital currency mining
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