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Global Blockchain Completes Investment in Bitcoin Mining Equipment

Global Blockchain Completes Investment In Bitcoin Mining Equipment

Vancouver, British Columbia--(Newsfile Corp. - January 2, 2018) - GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (TSXV: BLOC) (FSE: BWSP) (OTC: BLKCF) ("GBT" or the "Company") is pleased to announce that the Company's subsidiary, Global Blockchain Mining Corp., has received regulatory approval to complete the purchase of its previously announced acquisition of 6,666 Antminer S9s from Bitmain Technologies Limited, a privately-owned multinational semiconductor company headquartered in Beijing, China, for a total purchase price of US$20,000,000. The estimated delivery of these units is March 2018.

Shidan Gouran, President of GBT stated, "We are extremely excited to move forward with our investment in this equipment, which is recognized as the pre-eminent bitcoin mining machine currently on the market. The Company feels that our acquisition of this mining equipment will provide a variety of options to continue to pursue our investment strategy within the sector. We are currently reviewing a number of opportunities that will allow us to monetize on our investment in a rapid manner."

The Company is acquiring the equipment for investment purposes and will not be undertaking any direct cryptocurrency mining operations. Further to the Company's news release dated December 12, 2017, Coinstream Mining Corp. has agreed to accept a number of Antminer's, to be negotiated in the definitive agreement between the parties, in satisfaction of the Company's US $10 million investment commitment. Cryptoba Corp. has also agreed to accept such equipment in satisfaction of Coinstream's US $10 million investment commitment pursuant to their proposed streaming agreement with Coinstream. Both transactions remain subject to the negotiation and execution of definitive agreements.

For more information, please contact [email protected]

About Global Blockchain Technologies Corp.

Global Blockchain Technologies Corp. is an investment company which proposes to provide investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies.

GBT is listed on the Tsx Venture Exchange and its common shares trade under the ticker symbol "BLOC." Other information relating to GBT is available on SEDAR at as well as on the Company's website at

On behalf of:

Shidan Gouran

Cautionary Note Regarding Forward-Looking Information

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This post first appeared on Newsfile Corp News Releases, please read the originial post: here

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Global Blockchain Completes Investment in Bitcoin Mining Equipment


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