Vancouver, BC, Feb. 22 2022 (GLOBE NEWSWIRE) — Extreme Vehicle Battery Technologies Corp. (the “Company” Where “VE Battery Technology”) (CST: AC DC) (OTCQB: CRYBF) is pleased to announce developments within its wholly-owned cryptocurrency mining subsidiary Optimal CP Inc. (“optimal”) for the company’s inaugural bitcoin mining facility and general company updates.
Optimal expects the initial tranche of 100 ASIC miners to be delivered to its facility in mid-March and will be commissioned in the first mining enclosure over the next four to eight weeks.
Following the commissioning of this initial tranche of 100 ASIC miners, the company’s goal is to add an average of 500kW per month of ASIC capacity over the next six months, which should result in capacity additional mining of 3,500 kW with a total hashrate of around 100 petahash. In total, the Company expects mining capacity of approximately 12 bitcoins per month to be in place by the end of Q3 2022.
“Optimal’s experienced team continues to make developments on time and on budget as we build this new cash flow block chain vertical in our portfolio,said EV Battery Tech CEO Bryson Goodwin.
Optimal has retained the services of an Alberta-based electrical contractor with experience in the supply and commissioning of mining enclosure systems to begin the supply and delivery of its first mining enclosure systems in in a timely and cost effective manner.
Completion of this process will allow Optimal to begin the phased construction and commissioning of its first mining facility. The facility should be best suited to Optimal’s ambitions for its initial crypto production and expansion of this facility as future levels of state-of-the-art ASIC machines continue to arrive.
In addition to advancing the crypto mining vertical, the company continues to advance in its other blockchain division and marketing efforts. Some notable developments include:
- The Company continues to advance the development of the Smart Miner. The collaboration between IONiX Pro Battery Technologies (“IONix Pro”) and the energy saving of the renewable bond base (“Dressing gown2”) is working to develop the first carbon-negative mining device. Dressing gown2 has already placed an order for the first 10,000 miners to deploy in its first ROBe2 Ecosystem development.
- Development of theClever OrderThe app continues as the Company prepares for beta testing of the app. The Smart Command app allows users to monitor and control their Energy Storage System (ESS) products as well as the ability to pay for electric vehicle (EV) charging using cryptocurrency.
- The company engaged IAM Ventures Inc. for CAD$150,000 to assist with the company’s marketing efforts, including analysis, development and creation of content for all marketing materials, email marketing, generation and maintenance of landing pages and the use of an influencer network. to help the Company increase brand awareness.
- The company and IONiX Pro continue to work with Daymak Inc. to develop custom battery systems for their Avvenire EV and Light Electric Vehicle (LEV) line using EV Battery Tech’s patented BMS and proprietary blockchain technology. The first prototype using the IONiX Pro battery system was unveiled in December 2021. https://www.youtube.com/watch?v=ZEipnUOEdHo
“Our blockchain asset portfolio continues to progress on all fronts. As we get closer and closer to anticipated revenues from our mining operations, we continue to develop our long-term vertical markets as we believe will have a disruptive force in their respective Market segments,” concluded Mr. Goodwin.
On behalf of the company,
Chief Executive Officer
About Extreme Vehicle Battery Technologies Corp.
Extreme Vehicle Battery Technologies is a blockchain and battery technology company with revolutionary, patented Battery Management Systems (BMS) designed to meet the growing demand for scalable and intelligent solutions for the rapidly growing electric vehicle (EV) markets. ) and energy storage solutions (ESS). The company is committed to helping global recycling solutions by providing recycling initiatives using their technology to analyze and fully refurbish used batteries.
Contact numbers and emails
For more information about the Company, please visithttps://www.evbattery.tech.
For more information about the company’s products, please visithttps://www.ionixpro.com.
For investor inquiries, please contact (236) 259-0279 or emailin[email protected]
For product or sales inquiries, please contact (236) 266-5174 or email[email protected].
All communications are handled by AlphaOne Media Group Inc.
About Optimal CP Inc.
Optimal CP is a company focused on meeting the growing demand for profitable cryptocurrency infrastructure in North America. Optimal’s focus on integrating its mining facilities with power generation facilities in Alberta, and using state-of-the-art operating techniques, will allow it to achieve a high degree of financial and long-term operational certainty that can provide some of the cleanest and lowest cost mining operations in the world.
The information in this press release includes certain information and statements about management’s views on future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based on assumptions subject to risks and uncertainties. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of these words or expressions, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “could” or “will” be taken, occur or be achieved. Forward-looking statements in this press release include, but are not limited to, statements relating to: Optimal’s expectation of delivery of the initial tranche of 100 ASIC miners and their commission in the first mining enclosure; the Company’s expectation of a 500 kW per month increase in ASIC capacity; the Alberta-based electrical contractor began procurement and delivery of Optimal’s first mining enclosure systems in a timely and cost-effective manner; finalizing the process for Optimal to begin construction and phased commissioning of its first mining facility; the expectation that the facility will best suit Optimal’s ambitions; the continued advancement of the Smart Miner; development of “Smart Command”; the Company’s commitment to IAM Ventures Inc.; and continued work with Daymak Inc., . Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and undertakes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting these forward-looking statements. – statements seeking or otherwise. Other risk factors are discussed in the Company’s MD&A for the year ended January 31, 2021.
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