Link Global Technologies Energizes Third Alberta Site with 10 Megawatt Bitcoin Mining Operation, Generating Additional Monthly Revenues of over CAD$350,000

Rhea-AI Summary

Link Global Technologies Inc. (LGLOF) has successfully commissioned a 10 MW Bitcoin mining site in Alberta, marking its third operational location in the province. This site will support over 3,000 Bitcoin mining rigs and is projected to generate an additional monthly revenue of over CAD$350,000. With this new site, the Company aims to double its monthly revenues, leveraging low-cost power. The President noted a growing interest from companies in LINK's business model, indicating potential future growth.

Positive

• Commissioning of a new 10 MW Bitcoin mining site in Alberta.
• Estimated additional monthly revenue of over CAD$350,000 from the new site.
• Total operational capacity increased to support over 3,000 Bitcoin mining rigs.
• Growing interest from potential partners in LINK's business model.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / March 11, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK)(FRA:LGT)(OTC PINK:LGLOF) ("LINK" or the "Company"), an innovative power and infrastructure solutions provider for Bitcoin mining and data hosting operations, is pleased to announce that the Company has fully commissioned the 10 megawatt (MW) Bitcoin mining operating site in Alberta, the third operating site in the Province. The company recently commissioned 8.75 MW of power generation over two initial sites in Alberta (3.75 MW in eastern Alberta and 5 MW in western Alberta).

Further to the news release of February 22, 2021, the Power Purchase Agreement for this 10 MW site is now in effect. This site will be supplying enough power to energize over 3,000 new-generation Bitcoin mining rigs and is estimated to generate additional monthly revenue of over CAD$350,000.

LINK's platform excels in its ability to access low-cost, reliable power generated from dormant and natural gas assets, therefore mining Bitcoin cost-efficiently. For every 10 MW of operational power, LINK and its partners can generate approximately 180,000 terahash (TH) of computing power or approximately 1.2 Bitcoins (BTC) per day.

Link President and Chief Executive Officer Stephen Jenkins commented, "The commencement of operations at our third operating site is an impressive milestone for LINK. The crew has worked diligently through one of the coldest winters to complete this site's commissioning and development. Support from the local community and press has been outstanding. We have formed a relationship with the community where the mutual benefit is quite evident. The completion of this facility will more than double LINK's monthly revenues." Jenkins further states, "more and more companies are starting to take notice of our business model and are approaching LINK regarding future assets and opportunities. With three sites now operational, we are now turning our attention on the completion of several new power generating sites in the near future."

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:

info@linkglobal.io
+1-833-707-8708

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 agreements and the terms and potential benefits thereof; and other statements regarding the business plans of the Company. 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 actual results from the relationship with Neptune Digital 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, and the Company does not assume any liability for disclosure relating to any other company mentioned herein.

SOURCE: Link Global Technologies Inc.

View source version on accesswire.com:
https://www.accesswire.com/634907/Link-Global-Technologies-Energizes-Third-Alberta-Site-with-10-Megawatt-Bitcoin-Mining-Operation-Generating-Additional-Monthly-Revenues-of-over-CAD350000

FAQ

What recent milestone did Link Global Technologies (LGLOF) achieve in Alberta?

Link Global Technologies has commissioned a new 10 MW Bitcoin mining site in Alberta, its third operational location in the province.

How much additional monthly revenue is expected from the new mining site by Link Global Technologies?

The new mining site is projected to generate additional monthly revenue of over CAD$350,000.

How many Bitcoin mining rigs can the new site support?

The 10 MW site can support over 3,000 new-generation Bitcoin mining rigs.

What is the significance of the new mining site for Link Global Technologies (LGLOF)?

The new site is expected to more than double LINK's monthly revenues and reflects growing interest in its business model.