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Cryptoblox Technologies (CRYBF) is a blockchain innovator developing secure solutions for finance, healthcare, and supply chain sectors. This news hub provides investors and industry professionals with essential resource for tracking the company's technical advancements and strategic initiatives.
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Extreme Vehicle Battery Technologies Corp. has announced its acquisition of Optimal CP Inc., a cryptocurrency mining infrastructure company, for 55 million shares valued at $13.75 million. This strategic move aims to enhance EV Battery Tech's presence in the cryptocurrency sector, leveraging Optimal's developments in Alberta's energy hub. The acquisition is expected to enable affordable and reliable mining operations, with both companies eager to capitalize on the synergy of their technologies. The deal includes a provision for repurchasing shares if performance milestones are unmet.
EV Battery Tech has secured a seed round ownership position in the ROBe2 Protocol, which recently had its patent-pending “Proof of Renewable” mining protocol published. This partnership with IONiX Pro aims to develop an energy storage system based on this innovative protocol. Notably, the PoR Protocol was presented at an international conference, highlighting its potential to change cryptocurrency mining practices. Additionally, the company successfully acquired $2,000,000 in NFT Bonds from a recent auction, further enhancing its investment in this unique protocol.
Extreme Vehicle Battery Technologies Corp. (OTCQB: CRYBF) has partnered with IONiX Pro Battery Technologies and the Renewable Energy Alliance to develop the Renewable Obligation Base energy economy (ROBe2 Protocol), which aims to incentivize the generation and consumption of renewable energy through a novel cryptocurrency mining process called Proof of Renewable. This initiative targets climate change and economic oppression by using blockchain technology to ensure renewable energy is verified and rewarded during transactions. The partnership positions EV Battery Tech as a leader in sustainable crypto solutions.
Extreme Vehicle Battery Technologies Corp. (OTCQB: CRYBF) announced that its partner, Daymak Inc., completed the prototype for the Spiritus, an electric vehicle capable of crypto mining. Since launching the Avvenire line, Daymak has received over $1.1 billion in orders. Notably, IONiX Pro, a subsidiary of EV Battery Tech, retains the right to supply batteries for Daymak's vehicles. Additionally, Daymak exercised 5,000,000 warrants at $0.20 per share, contributing $1 million to the company.
Future expectations include launching the Trilogy Vision prototype in 2022.
Extreme Vehicle Battery Technologies Corp. (OTCQB: CRYBF) announced a Share Exchange Agreement to acquire CryptoPlug Technologies Inc.. This acquisition aims to enhance their Smart Command application, enabling EV users to pay for charging using cryptocurrency. The transaction is valued at $6 million, issuing 24 million common shares at $0.25 each. EV Battery Tech plans to provide the Smart Command application free of charge, monetizing through transaction fees. CEO Bryson Goodwin highlighted the integration of CryptoPlug technology will accelerate their product development and enhance user experience.
Extreme Vehicle Battery Technologies Corp. (OTCQB: CRYBF) announced significant updates on October 7, 2021. The company's flagship product, the IoniX Pro Home SmartWall™, has seen pre-orders exceed expectations, surpassing earlier campaigns. Despite supply chain challenges due to COVID-19, all components for production are secured, with pre-orders limited to 1,000 customers. Additionally, the company’s partner, Daymak, achieved over $1 billion in pre-orders for its electric vehicle lineup, indicating a strong revenue potential through its battery supply agreement.
Extreme Vehicle Battery Technologies Corp. (CSE: ACDC, OTCQB: CRYBF) has joined the Renewable Energy Alliance (REA), a global organization focused on promoting sustainable energy solutions. This induction enhances EV Battery Tech's credibility and opens new collaboration opportunities in the renewable energy sector. CEO Bryson Goodwin expressed confidence that this membership will facilitate international expansion and growth. The company's innovative battery storage solutions, particularly those from its subsidiary IoniX Pro, align well with the REA's mission of achieving a sustainable future.
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