InvestorWire NewsRoom

InvestorNewsBreak

InvestorNewsBreaks – BlockQuarry Corp. (BLQC) Announces $1.25M in Secured Funding, Positive Shareholder Equity
February 23, 2023

InvestorNewsBreaks – BlockQuarry Corp. (BLQC) Announces $1.25M in Secured Funding, Positive Shareholder Equity

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

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).