Link Global's Subsidiary Pure Digital Power Corp. Signs A Letter of Intent With a Leading Solar Consultant to Source 20MW of Solar Power
Link Global Technologies Inc. (CSE: LNK; OTC: LGLOF) announced a Letter of Intent with a solar consultant for 20MW of power and carbon credits as part of its joint venture with Neptune Digital Assets Corp. for Pure Digital Power Corp.. This partnership aims to lead in clean energy BTC mining with a projected 600MW of solar power in early 2022. Link has also reported the installation of Bit Digital BTC mining machines and the acquisition of 2.5MW generators. A definitive agreement is expected by the end of April 2021.
- Joint venture with Neptune Digital Assets Corp. to establish a leading position in clean energy Bitcoin mining.
- Projected 600MW of additional solar power set to come online in early 2022.
- Fixed-rate contract proposal strengthens long-term energy sourcing.
- Risks associated with entering a definitive partnership agreement, which may not materialize.
- Potential fluctuations in electricity prices affecting operational costs.
VANCOUVER, BC / ACCESSWIRE / April 13, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE: LNK; FRA: LGT; OTC: LGLOF) ("LINK" or the "Company"), an innovative power and infrastructure solutions provider for Bitcoin mining and data hosting operations, is pleased to provide an update on its planned renewable energy Bitcoin mining operations. As previously announced, April 12, 2021, Pure Digital a joint venture between Link and Neptune Digital Assets Corp. ("Neptune") (TSX-V:NDA; OTC:NPPTF; FSE:1NW)to create Pure Digital Power Corp. ("Pure"), have signed a Letter Of Intent ("LOI") with a solar consultant, specializing in the adoption of renewable energy, for 20MW of power and associated carbon credits.
- Pure is committed to positioning itself as the leader in clean energy BTC mining . With an estimated 600MW of additional solar power expected to come online in early 2022 in Alberta, Pure is aggressively securing supply.
- Pure has proposed a 10 year contract at a fixed rate.
- Pure intends to have a definitive agreement by the end of April, 2021.
Operational update
- Bit Digital BTC mining machines have been installed ( previously announced March 31,2021).
- Link has received the first 2.5MW generator from Starco Fuels and is expecting another 2.5 MW generator by the end of April 2021 (Previously announced March 18, 2021).
- Link has extended the Letter Of Intent for electrical cost reducing technology IP (previously announced February 25, 2021) until April 23, 2021.
Link President and Chief Executive Officer Stephen Jenkins commented, " The growth of solar power in Alberta will keep sustainable energy in the forefront of BTC mining. With the increased market adoption of BTC and the impending IPO of Coinbase, we see the opportunity to expand our mining operations and secure long term sustainable power."
About Link Global Technologies Inc.
Link is engaged in providing infrastructure and operating expertise for digital mining and data hosting operations. Link's objectives include locating and securing, for lease and option to purchase, properties with access to low-cost, reliable power, and deploying this low-cost power to conduct digital mining and supply clean energy and infrastructure for other data-hosting services.
On behalf of Link Global Technologies Inc.
Stephen Jenkins
Chief Executive Officer & Director
For more information visit http://linkglobal.io/ or contact:
Steve Jenkins
stephen@linkglobal.io
+1-877-770-6545
For investor information please contact:
Omar Diaz
Investor Relations Manager
Omar@linkglobal.io
(604)551 2950
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION. This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "forecast", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes", or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "would", "could", "should" or "might" occur. Forward-looking statements made in this news release include, but are not limited, to: statements with respect to the Agreement and the terms and potential benefits thereof; that the parties will enter into the definitive partnership agreement and the terms thereof, including the timeline for same; that Link's significant expertise in international projects and government relationships will assist the development of these projects; and that the initiatives are slated to begin implementation in fiscal Q1 2021. All such forward-looking statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. The Company cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. In the case of the Company, these risks, uncertainties, assumptions and other factors include, without limitation: that the parties may not enter into a definitive partnership agreement at all or on the terms announced; that actual results from the partnership may differ materially from the parties' expectations; those set out in the Company's most recent MD&A, fluctuations in the price of electricity, fluctuations in the price of digital currencies/Bitcoin, the future potential halving of Bitcoin, increases in the network difficulty rate and price of digital currencies/Bitcoin, negative changes in the level of digital currency/Bitcoin rewards per block, the securing of economic rates for the purchase of power, the opportunities for acquiring digital currency mining hardware, unanticipated changes in laws, regulations or other industry standards affecting the business of the Company, reliance on key management personnel, the Company's ability to implement its business plan, litigation risk, stock price volatility, the effects of general economic and other factors beyond the control of the Company, and other matters that may occur in the future. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of the date hereof. Other than as specifically required by law, the Company undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.
SOURCE: Link Global Technologies Inc.
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