VANCOUVER: Link Global Technologies Inc., an innovative power and infrastructure solutions provider for digital mining and data hosting operations, announced that its phase one development of power in Alberta is fully subscribed through agreements with Block One Technologies.
According to the terms of these Agreements, Link will provide Block One with 6 megawatts (MW) of electrical power for an initial term of one year, at an agreed upon rate calculated in Canadian dollars per kilowatt hour.
“We are very pleased to be working with an experienced, professional group such as Block One Technologies,” said Stephen Jenkins, President & CEO of Link.
“This partnership allows Block One to access our existing power assets in order to conduct its digital mining operations more cost effectively, while also allowing us to expand our current business operations. While this is the first formal agreement between Block One and Link, the companies intend to pursue future agreements that will play an important role in Link’s growth strategy.”
Bijan Alizadeh, Founder & Chairman of Block One, commented: “By working with Link, Block One can take advantage of the competitive energy prices Link offers, while continuing to expand our digital currency mining operations. We have deep expertise in the digital mining space and partnering with Link on power supply makes a lot of sense for us and our clients.”
Block One Technology is establishing, optimizing, and developing efficient and secure turnkey crypto mining facilities in multiple jurisdictions for individuals and institutions.
Link is engaged in the business of providing infrastructure and operating expertise for digital mining 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 energy and infrastructure for other data-hosting services.