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GREEN BLOCK MNG CORP - LGLOF STOCK NEWS

Welcome to our dedicated page for GREEN BLOCK MNG news (Ticker: LGLOF), a resource for investors and traders seeking the latest updates and insights on GREEN BLOCK MNG stock.

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Rhea-AI Summary

Link Global Technologies Inc. has announced the arrival of 1,515 Bitcoin mining rigs in partnership with Bit Digital Inc., boosting their operational capacity to over 350 PH/s. The machines are scheduled to be operational by April 5, 2021. The company focuses on providing infrastructure and expertise for digital mining, aiming to capitalize on the current high Bitcoin prices. The announcement highlights Link's commitment to expanding its hash rate and maintaining a competitive edge in the digital mining industry.

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End-of-Day
4.34%
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Rhea-AI Summary

Link Global Technologies Inc. has announced a letter of intent with Neptune Digital Assets Corporation to co-develop a 5 MW renewable energy Bitcoin mining facility in Alberta. This facility is part of a joint venture aimed at transitioning to sustainable mining practices utilizing solar, wind, and natural gas power. Following this project, Link's total secured mining output will reach 63.75 MW. The definitive agreement is expected by early April, with construction commencing thereafter, reinforcing Link's commitment to eco-friendly operations in Bitcoin mining.

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-4.62%
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Rhea-AI Summary

LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK)(OTC PINK:LGLOF) announced a definitive agreement with Starco Fuels LLC on March 15, 2021, to supply up to 40 megawatts (MW) of generators for Bitcoin mining operations in Canada and the U.S.

Starco will handle the acquisition and installation of the first 5 MW within 60 days, while LINK will manage gas supply and operational logistics. This agreement will double LINK's power capacity to 58.75 MW and supports its goal of 100 MW by year-end.

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Rhea-AI Sentiment
End-of-Day
12.51%
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Rhea-AI Summary

Link Global Technologies Inc. (OTC PINK:LGLOF) announces an expansion of its profit-sharing Bitcoin mining partnership with Bit Digital Inc. (NASDAQ:BTBT). The agreement will see an additional 515 mining machines hosted, bringing the total to 1,515 machines under Link's management. This will increase Link's hash rate by over 100 PH/s on top of the existing 250 PH/s. CEO Stephen Jenkins expressed confidence in the partnership's efficiency and profitability, positioning Link for continued growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.51%
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partnership
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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.

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0.96%
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Rhea-AI Summary

Link Global Technologies has finalized a services agreement with Neptune Digital Assets Corp. for the acquisition of up to 1,500 Bitcoin mining rigs. This collaboration allows Link to procure, install, and operate the mining machines while receiving a power purchase agreement and a royalty share of the mined Bitcoins. The partnership is expected to enhance operational efficiency and profitability for both companies. Link emphasizes its commitment to providing cost-effective solutions and leveraging its mining expertise for future growth.

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-7.86%
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Rhea-AI Summary

Link Global Technologies has signed a binding letter of intent to acquire majority ownership of an innovative power delivery system intellectual property aimed at reducing energy costs in Bitcoin mining. The technology, currently in beta testing, has demonstrated energy savings of over 25%. Link intends to implement this technology in its operations and control the intellectual property moving forward. The deal is expected to be finalized by March 31, 2021, with Link exploring further licensing opportunities.

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Rhea-AI Sentiment
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0.87%
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Rhea-AI Summary

Link Global Technologies has initiated the first phase of a new Bitcoin royalty mining program, deploying 800 machines capable of generating over 50 Petahash. This marks a strategic effort to enhance revenue through both Power Purchase Agreements and royalty shares. The company also reported steady progress on its 10 MW facility in Alberta, expected to generate CAD $350,000 monthly. Additionally, Link has extended its letters of intent with STARCO and PNS despite recent weather and travel challenges. The company's goal is to reach 1,000 Petahash by year-end 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
33.33%
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Rhea-AI Summary

Link Global Technologies has successfully closed a non-brokered private placement, issuing 2,191,329 units at CAD $0.60 each, raising a total of CAD $1,314,798. Each unit consists of one common share and one-half of a warrant, allowing purchase of additional shares at CAD $0.90 for 19 months. The funds will support the commissioning of new 10 MW power sites in Alberta, generating an expected USD $350,000 monthly revenue. Additionally, the company has extinguished $12,600 of debt via the issuance of 21,000 units and plans to commence Bitcoin mining on February 21, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.15%
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Rhea-AI Summary

Link Global Technologies Inc. has announced a significant agreement with Bit Digital Inc. to enhance its Bitcoin mining operations. Under this arrangement, Link will receive and provide infrastructure for 1,000 BitMain S17+ miners owned by Bit Digital. This collaboration is expected to generate approximately 0.5 BTC daily and establish a net profit sharing model for Link, ranging from 15% to 20%. The miners are projected to arrive by late February, positioning Link to leverage Bitcoin price increases efficiently.

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Rhea-AI Sentiment
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-9.46%
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FAQ

What is the market cap of GREEN BLOCK MNG (LGLOF)?

The market cap of GREEN BLOCK MNG (LGLOF) is approximately 211.7K.

GREEN BLOCK MNG CORP

OTC:LGLOF

LGLOF Rankings

LGLOF Stock Data

211.66k
64.12M
0.6%
0.25%
Software - Application
Technology
Link
United States of America
Vancouver