Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
On February 11, 2026, Innovation Beverage Group Ltd
issued a press release entitled, “Innovation Beverage Group Provides Update on Merger with BlockFuel Energy and Production Restart
to Advance Dual Revenue Model Spanning Energy and Digital Asset Mining.” A copy of the press release is furnished herewith as Exhibits
99.1.
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
EXHIBIT 99.1
Innovation Beverage Group Provides Update on Merger with BlockFuel Energy
and Production Restart to Advance Dual Revenue Model Spanning Energy and Digital Asset Mining
Onsite Natural Gas–Powered Digital Mining Strategy Positions Combined
Group for Capital-Efficient, Scalable Cash Flow Generation
SYDNEY, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Innovation Beverage Group
Ltd (“IBG” or the “Company”) (Nasdaq: IBG), an innovative developer, manufacturer, and marketer of a
growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, today provided an update regarding its proposed
merger with BlockFuel Energy Inc., a Texas corporation (“BFE”), including operational, financial, and strategic milestones
that position the combined transaction parties as a capital-efficient energy producer with a differentiated digital infrastructure growth
strategy.
The companies remain on track to complete the merger in the first quarter
of 2026, subject to customary approvals and closing conditions. Integration planning continues, with a clear focus on building a vertically
integrated platform that monetizes hydrocarbons through both conventional sales channels and potential digital energy applications.
Ten wells are currently back in production, with an additional seven wells
expected to be returned to production by month-end, materially increasing active production and available gas volumes across the portfolio.
BFE expects to complete its first oil and gas sales in February 2026, with
initial revenues anticipated before the end of the first quarter ended March 31, 2026. These initial oil and gas revenues are expected
to provide near-term cash-flow visibility following completion of the merger.
Digital Energy and Mining Strategy
In parallel with production restarts, planning is advancing for the potential
deployment of digital mining infrastructure powered directly by natural gas produced onsite. Initial planning takes into consideration
modular, wellhead-adjacent generation and mining deployments, allowing capacity to scale in-line with gas availability and capital deployment.
Based on preliminary engineering and comparable field deployments, BFE
management believes onsite gas-to-power costs may be meaningfully below grid-based power pricing, while avoiding transportation, processing,
and third-party power costs. Even modest allocations of produced gas to digital infrastructure may support incremental margins per unit
of gas, while preserving flexibility to sell gas into traditional markets.
Daniel Lanskey, Chief Executive Officer of BlockFuel Energy, commented,
“We view Bitcoin mining not as speculation, but as energy infrastructure. At its core, our strategy is about converting underutilized
natural gas at the site into productive, revenue-generating capacity. By collocating modular power and mining directly at the wellhead,
we believe the combined company can deploy capital efficiently, operate at a low effective energy cost, and scale output in-line with
production. This approach has the potential to improve overall project economics while giving shareholders disciplined exposure to digital
asset upside.”
The integrated energy-and-mining model is expected to enhance resilience
across commodity cycles and provide a flexible demand sink for gas, while creating incremental cash flow per well without compromising
conventional production strategy.
Portfolio Expansion and Scale
Further strengthening the asset base, BFE has executed a Letter of Intent
with a previous vendor to acquire additional nearby producing oil fields, adding approximately 4,000 contiguous acres to its portfolio.
The proposed acquisition is expected to both expand scale and improve operating efficiencies, increasing gas volumes available for both
traditional sales and digital energy initiatives.
Management of the companies believe these milestones demonstrate disciplined
execution across production, capital formation, and infrastructure planning, while reinforcing the strategic rationale for the IBG-BFE
merger.
Upon completion, the combined group is expected to emerge as a small-cap,
integrated energy company with near-term production, diversified revenue streams, and a scalable gas-to-digital infrastructure platform
positioned to deliver long-term shareholder value.
Further updates will be provided as the merger, financing, production restart,
digital mining deployment, and acquisition initiatives continue to progress toward completion.
About Innovation Beverage Group Ltd
Innovation Beverage Group is a developer, manufacturer, marketer, exporter,
and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive
manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG’s
brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG’s most successful brand to date
is Australian Bitters, which is a well-established and favored bitters brand in Australia. Established in 2018, IBG’s headquarters,
manufacturing and flavor innovation center are located in Sydney, Australia with a U.S. sales office located in California. For more information
visit: https://www.innovationbev.com/.
About BlockFuel Energy
BlockFuel Energy is involved in the acquisition, exploration and development
of proven oil fields onshore in North America. By turning natural gas at the source, including stranded and flared gas, into a potent
resource for the digital era, BlockFuel Energy intends to redefine the energy industry. BlockFuel Energy combines state-of-the-art power
generation with oil and gas exploration to power bitcoin mining operations and high-performance data centers. Our vertically integrated
concept allows us to use co-location and modular power generation techniques to optimize efficiency and investment returns. Our cutting-edge
solutions for energy optimization and extraction will enable us to transform underdeveloped resources into high-margin, scalable, and
sustainable revenue streams. For more information visit: https://blockfuelenergy.com/.
Forward Looking Statement
This press release contains “forward-looking statements” within
the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements
regarding the proposed merger between IBG and BlockFuel Energy, anticipated operational milestones, expected production levels, anticipated
oil and gas sales, planned financing activities, potential deployment of digital infrastructure, expected economic benefits of such activities,
and the proposed acquisition of additional oil field assets.
Forward-looking statements are typically identified by words such as “expects,”
“anticipates,” “plans,” “projects,” “intends,” “believes,” “may,”
“will,” “could,” “should,” or similar expressions. These statements are based on current expectations
and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied.
These risks include, among others, the ability of the parties to execute definitive transaction documents, satisfy closing conditions,
obtain regulatory and stockholder approvals, commodity price volatility, operational risks, financing risks, regulatory developments relating
to digital assets, and other risks described in IBG’s filings with the U.S. Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these forward-looking
statements. Neither IBG nor BFE undertakes any obligation to update such statements except as required by law.
Contact:
Innovation Beverage Group Limited
Sahil Beri
CEO
sahil@innovationbev.com
www.innovationbev.com
BlockFuel Energy Inc.
Daniel Lanskey
President and CEO
dan.lanskey@blockfuelenergy.com
www.blockfuelenergy.com
Investor Relations:
KCSA Strategic Communications
Phil Carlson, Managing Director
BlockFuel@KCSA.com
