GREEN BLOCK MNG CORP - LGLOF STOCK NEWS

Link Global Technologies Inc. has successfully completed its acquisition of Clean Carbon Equity (CCE), enhancing its capability to offer carbon offsets in the digital economy and generating immediate cash flow. This acquisition aligns with Link's goal to achieve carbon neutrality by 2026, ahead of the Crypto Carbon Accord timeline. The carbon offsets market is projected to grow significantly, providing Link with new revenue streams as it expands its services to existing and new clients. CCE will operate as a wholly-owned subsidiary, supporting carbon neutrality commitments.

Link Global Technologies Inc. (CSE:LNK)(FRA:LGT)(OTC PINK:LGLOF) has formed a special regulatory compliance and advisory committee to oversee its submission in the Alberta Utilities Commission (AUC) proceedings. The Company will respond to AUC Enforcement Staff's previous submission and provide evidence regarding its hosting operations at the Campbell and Kirkwall power plants. The Company acknowledges unawareness of regulatory requirements upon starting operations but commits to ensuring full compliance moving forward. Shareholders will receive updates on the AUC proceedings as they occur.

Link Global Technologies Inc. announced the finalization of its acquisition of Clean Carbon Equity for $1.2 million CAD. The acquisition positions Link as a leader in the ESG arena of the data economy, enhancing cash flow and enabling long-term revenue growth. Link aims to achieve carbon neutrality by 2026, surpassing the 2030 target of the Crypto Climate Accord. CCE will operate as a wholly-owned subsidiary, providing carbon offset solutions crucial for crypto firms. This move allows Link to participate in the rapidly growing voluntary carbon offset market, expected to reach $514.7 million by 2027.

Link Global Technologies Inc. (OTC PINK: LGLOF) provided an update regarding its operations in Alberta, where it entered a six-month collaboration with the Alberta Utilities Commission (AUC). This collaboration arose due to concerns about operational compliance, leading to the AUC's requirement for the company to halt two smaller facilities until necessary approvals are obtained. A proposal for 'disgorgement of economic benefits' has been submitted by AUC enforcement staff. CEO Stephen Jenkins acknowledged past mistakes and emphasized efforts to rectify them while pledging to demonstrate compliance to the AUC.

LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK)(OTC PINK:LGLOF) has initiated regulatory approvals for expanding its energy capacity from 20 MW to 30 MW across three sites in Alberta. This expansion will enable operations of over 9,000 machines, generating consistent revenue. The company is also relocating its Campbell Battery operations and has filed necessary paperwork for its Kirkwall site. Additionally, LINK is preparing for a potential listing on the AIM and has engaged an advisory firm for the process. Operations at the Westlock facility remain fully functional.

Link Global Technologies Inc. (OTC PINK: LGLOF) has announced operational updates regarding its facilities in Alberta. The Alberta Utilities Commission (AUC) has mandated the company to pause operations at its Kirkwall and Campbell sites until further approvals are secured. The AUC's decision comes after a noise complaint and a thorough review of Link Global's operations. The company remains compliant at its larger 10MW site and plans to relocate its Campbell site. CEO Stephen Jenkins emphasized their commitment to addressing community concerns while continuing operations at other facilities.

Link Global Technologies has finalized a strategic co-mining agreement with Mission World Group and its subsidiary GSV Futures. The agreement involves developing infrastructure for approximately 3,000 Bitcoin miners, with potential for an additional 3,000 miners. Link will design, build, and maintain the operation, ensuring 98% uptime. The output is projected at 540 Petahash. Expected cash and Bitcoin generation from this partnership is estimated at $5.75 million USD annually. Groundwork is scheduled to start in early September 2021.

Link Global Technologies has entered into an $18 million equity facility with Alumina Partners, enabling private placements of common stock to fund its growth strategy in Bitcoin mining and data hosting. The facility allows Link to draw down funds in $1 million increments without penalties or upfront fees, offering financial flexibility. CEO Stephen Jenkins highlighted the company's focus on acquiring quality sites and customers, aiming for effective capital deployment in their infrastructure development.

Link Global Technologies has signed a letter of intent to acquire Clean Carbon Equity for approximately CAD $1.4 million, to be paid in shares at a value of CAD $0.80 each. This acquisition aims to enhance Link's commitment to carbon neutrality, particularly in the crypto mining sector. Clean Carbon Equity specializes in providing verified carbon credits and contributes to Link’s operational revenue. The deal reflects a strategic alignment toward reducing emissions in various industries, particularly in line with the Crypto Climate Accord’s goals for 2030.