BlockQuarry (OTC: BLQC), a Texas-based company with commercial-stage operations in the energy and infrastructure industry focusing on cryptocurrency mine hosting and self-mining, today announced that it has secured $1.25 million in funding through the sale of its Preferred B Shares with RB Capital Partners, Inc. According to the update, the funding will be booked as an asset and will not show up on the company’s balance sheet as a liability, unlike a traditional bridge loan or convertible debenture. “This is a monumental moment for the company and its shareholders, as it is the first time in BlockQuarry’s history that our shareholder equity is at a positive number. Our focus over the last few months has really been to drive as much value as possible by cleaning up the balance sheet and providing real value to our shareholders and investors,” said Alonzo Pierce, president and chair of BlockQuarry. “We are executing on our plan that we laid out to deliver as much value as possible on our journey to the Nasdaq. We hope our shareholders see the moves we are making and what we have in store.”
To view the full press release, visit https://ibn.fm/LjQ7C
About BlockQuarry Corp.
BlockQuarry is an energy and infrastructure company focused on cryptocurrency hosting and self-mining operations, with leased properties located within the Southeast United States. BlockQuarry also maintains a fleet of digital/cryptocurrency mining equipment and infrastructure.
NOTE TO INVESTORS: The latest news and updates relating to BLQC are available in the company’s newsroom at http://ibn.fm/BLQC
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