BlockQuarry (OTC: BLQC), a Texas-based company with commercial-stage operations in cryptocurrency mine hosting and self-mining in the southeast United States, is featured in an audio news broadcast released by NetworkNewsAudio (“NNA”). The latest release discusses BLQC’s report on its provisional and unaudited Q3 performance projections and includes highlights from its financial performance for the second quarter, or the three-month period ended June 30, 2022. The broadcast discusses the company’s revenue, which exceeded $1.5 million for Q2, up almost 8,000% year over year, as well as its total assets, which increased to nearly $11 million, up nearly 6,000%. The company also announced debt reduction from liabilities of more than $2 million in Q2 and a shareholder base of more than 7,000 shareholders with a float of 47 million shares. NNA is a solution that provides additional visibility, recognition and brand awareness for a company throughout the investment community via distribution to thousands of syndication points. “We had a fantastic 2021, but we believe 2022 is on pace to significantly raise the bar,” said BlockQuarry president and chair Alonzo Pierce in the press release. “Our hosting revenue this year has already surpassed what we produced from that segment for the whole year in 2021. Moreover, due to our market positioning and signed agreements with major partners, 2022 appears set to be our best year ever on both the top and bottom line, with Q3 on pace to show strong growth on both a sequential and year-over-year basis, and we are excited to further bolster our positioning and performance trajectory into year end. . . Given our substantial hosting footprint, our long-term trajectory toward accelerating top-line growth is not contingent on price trends in the cryptocurrency market as we scale our operations. In other words, the price of Bitcoin has no bearing on our financial performance in our hosting business. As a result, we believe our stock price no longer reflects our fundamental value proposition for our shareholders following the recent period of significant weakness in cryptocurrency related assets.”
To hear the interview, visit https://ibn.fm/a0E8x
To view the full press release, visit https://ibn.fm/H508a
About BlockQuarry Corp.
BlockQuarry focuses on cryptocurrency mine hosting and self-mining operations at a leased property located in Gaffney, South Carolina. BlockQuarry also maintains a fleet of digital/cryptocurrency mining equipment and infrastructure. For more information about the company, visit www.BlockQuarry.io.
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.