Kontrol Technologies Announces Addition of Bitcoin to the Balance Sheet
Kontrol Technologies (OTCQB:KNRLF) has announced a strategic move to add Bitcoin to its balance sheet with an initial $1 Million investment. The company plans to develop a continuous purchase plan, potentially including reinvestment of future cash flows and treasury assets. The company, which operates a sustainable buildings platform, reports having no long-term secured debt and sufficient capital for its M&A strategy. Additionally, Kontrol is exploring opportunities to collaborate with Bitcoin mining companies to utilize excess energy from mining operations for building infrastructure.
Kontrol Technologies (OTCQB:KNRLF) ha annunciato una mossa strategica per aggiungere Bitcoin al proprio bilancio con un investimento iniziale di 1 milione di dollari. L'azienda prevede di sviluppare un piano di acquisto continuativo, che potrebbe includere il reinvestimento dei flussi di cassa futuri e delle risorse di tesoreria. L'azienda, che gestisce una piattaforma per edifici sostenibili, riferisce di non avere debiti garantiti a lungo termine e di avere capitale sufficiente per la sua strategia di fusioni e acquisizioni. Inoltre, Kontrol sta esplorando opportunità di collaborare con aziende minerarie di Bitcoin per utilizzare l'energia in eccesso dalle operazioni minerarie per le infrastrutture edilizie.
Kontrol Technologies (OTCQB:KNRLF) ha anunciado un movimiento estratégico para agregar Bitcoin a su balance con una inversión inicial de 1 millón de dólares. La empresa planea desarrollar un plan de compra continua, que podría incluir la reinversión de flujos de efectivo futuros y activos de tesorería. La compañía, que opera una plataforma de edificios sostenibles, informa que no tiene deuda asegurada a largo plazo y suficiente capital para su estrategia de fusiones y adquisiciones. Además, Kontrol está explorando oportunidades para colaborar con empresas de minería de Bitcoin para utilizar el exceso de energía de las operaciones mineras en la infraestructura de edificios.
Kontrol Technologies (OTCQB:KNRLF)는 초기 100만 달러의 투자로 비트코인을 재무제표에 추가하기 위한 전략적 조치를 발표했습니다. 이 회사는 향후 현금 흐름 및 재무 자산의 재투자를 포함할 수 있는 지속적인 구매 계획을 개발할 예정입니다. 지속 가능한 건축 플랫폼을 운영하는 이 회사는 장기 확보 부채가 없으며 M&A 전략을 위한 충분한 자본이 있다고 보고했습니다. 또한 Kontrol은 비트코인 채굴 회사와 협력하여 채굴 작업에서 발생하는 잉여 에너지를 건축 인프라에 활용할 기회를 모색하고 있습니다.
Kontrol Technologies (OTCQB:KNRLF) a annoncé un mouvement stratégique pour ajouter Bitcoin à son bilan avec un investissement initial de 1 million de dollars. L'entreprise prévoit de développer un plan d'achat continu, pouvant inclure la réinjection des flux de trésorerie futurs et des actifs de trésorerie. L'entreprise, qui exploite une plateforme pour des bâtiments durables, indique ne pas avoir de dettes à long terme garanties et dispose d'un capital suffisant pour sa stratégie de fusions et acquisitions. Par ailleurs, Kontrol explore des opportunités de collaboration avec des entreprises de minage de Bitcoin pour utiliser l'excès d'énergie provenant des opérations de minage pour les infrastructures de bâtiment.
Kontrol Technologies (OTCQB:KNRLF) hat einen strategischen Schritt angekündigt, um Bitcoin mit einer anfänglichen Investition von 1 Million US-Dollar in seine Bilanz aufzunehmen. Das Unternehmen plant, einen kontinuierlichen Einkaufsplan zu entwickeln, der möglicherweise die Reinvestition zukünftiger Cashflows und Treasury-Assets umfasst. Das Unternehmen, das eine Plattform für nachhaltige Gebäude betreibt, berichtet, dass es keine langfristigen gesicherten Schulden hat und über genügend Kapital für seine M&A-Strategie verfügt. Darüber hinaus erkundet Kontrol Möglichkeiten zur Zusammenarbeit mit Bitcoin-Mining-Unternehmen, um überschüssige Energie aus Mining-Betrieben für die Gebäudeinfrastruktur zu nutzen.
- Initial $1 Million Bitcoin investment added to balance sheet
- No long-term secured debt
- Generating interest income from treasury holdings
- Sufficient capital available for M&A strategy
- None.
Following a Board review and approval the Company has initiated the addition of Bitcoin or Bitcoin related proxies to its Balance Sheet with an initial investment of
“With institutional adoption accelerating we believe now is an opportune time to initiate and develop our long-term bitcoin strategy,” says Paul Ghezzi, CEO of Kontrol. “Bitcoin is now being mined with growing sustainable energy solutions such as wind, solar and geothermal and we anticipate that will continue. We also see a potential to grow into that operating market and develop new solutions and partnerships.”
The Company has no long term secured debt, is generating interest income from its treasury holdings and has sufficient capital on hand to execute on its mergers and acquisitions strategy as previously disclosed in the press release dated October 29, 2024.
Additional Bitcoin Opportunities related to Sustainability
According to Forbes.com, Bitcoin may provide a positive net effect to sustainable energy… While environmentalists have pilloried the cryptocurrency in years past, new research shows that more than
The Company is reviewing potential opportunities to work with or partner with bitcoin mining related companies who are seeking to use excess energy generated during the bitcoin mining process to power traditional building infrastructure. The Company has not entered into any such agreements at this time and will provide a market update should it do so.
Kontrol Technologies Corp.
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities and provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward-looking information contained in this press releases includes, but is not limited to, the following: the potential benefits of an acquisition; the completion of a Letter of Intent; the addition of Bitcoin to the Company’s balance sheet, the future operations of the Company; and the Company’s ability to make accretive acquisitions.
Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that the Company will have sufficient financial and other resources to fulfil expectations with respect to future operations and meet contractual payment obligations.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241101975779/en/
Paul Ghezzi, CEO
info@kontrolcorp.com
11 Cidermill Avenue, Suite 201
Tel: (905) 766.0400
Source: Kontrol Technologies Corp.
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