Cryptoblox Technologies Inc. (OTC: CRYBF) (CSE: BLOX) may trade at penny levels, but don’t be fooled; this company is doing things that many mid and large caps aren’t- driving revenues higher in a challenging space. And not just organically. They are also in acquisition mode, acquiring Redwater, a company specializing in air-cooled data centers and advanced heat recapture products, intending to expedite CRYBF becoming a prominent player in the digital assets mining industry by utilizing sustainable and environmentally conscious business practices.
Acquiring Redwater may seem out of the general scope of CRYBF‘s focus on efficient mining practices. It isn’t. It’s actually quite accretive to helping CRYBF become a larger company faster than many have expected. The deal, facilitated by True North Data Systems Ltd., acting on behalf of the site owner, an oil and gas producer, intends to harness the natural gas associated with oil production that is currently being flared. Here’s where it ties in: Redwater plans to utilize this waste gas as a sustainable and cost-effective fuel source for its mining operations. It’s a case where thinking outside the box can be rewarding.
Of course, that’s the intent, with CRYBF leveraging Redwater’s expertise to create what’s expected to be one of North America’s most environmentally friendly, state-of-the-art mining facilities. In fact, it will be the foundation to build upon, incorporating design elements that prioritize efficiency and cost-effectiveness, primarily through air-cooled data centers and advanced heat recapture products that optimize energy consumption.
CRYBF Differences Are Advantages
It’s a case where differences become advantages. And with CRYBF shares trading at roughly $0.02, those differences could do more than make mining environmentally friendly; it could ignite a rally for this fast-emerging sector player. Combining strengths, it should.
Leveraging Redwater’s operations, CRYBF will enter into a long-term gas supply agreement and site lease with True North Data Systems, enabling the development of generation assets to power the mining operations at the site. CRYBF noted that initially, Redwater would commission 0.5 to 1.0 MW of generation capacity and mining enclosures within the next 30 to 90 days. That lays the groundwork to facilitate installing 233 high-speed application-specific integrated circuit (ASIC) units, which benefits CRYBF as part of the agreement.
Value won’t end there. Redwater, in collaboration with True North Data Systems, plans to significantly expand its fuel generation and mining footprint over the next 18 to 24 months, expecting to reach a total capacity of 3 MW or more. Moreover, inclusive of its growth strategy, Redwater will evaluate the possibility of providing peak demand capacity to the Alberta grid, which would contribute to the stability and efficiency of the local energy infrastructure.
This deal is a win-win proposition. On the one hand, it signifies a significant milestone reached by CRYBF to accelerate the strengthening of its intent to become a major player in the digital asset mining sector. On the other hand, it benefits the environment by incorporating innovative technologies and sustainable practices. That’s not all. CRYBF expects the combined strength could lead to strategic partnerships from industry players wanting superior mining solutions that minimize negative environmental impact.
Experienced Team To Drive Near And Long Term Growth
There’s another value driver worthy of mention. In addition to the Redwater acquisition, CRYBF strengthened its management team, adding Akshay Sood to its board of directors. He has extensive experience advising and incubating early-stage block-chain/web3-based startups, evidenced by his success in helping develop high-growth startups within the block-chain industry. His expertise should fuel meeting the goals of an ambitious 2H/ 2023 agenda.
That includes CRYBF honing its focus to efficiently monetize business generated from its mining and block-chain division, a segment targeting increasing demand for cost-effective digital infrastructure in North America. By integrating mining facilities with power generation assets and state-of-the-art operational techniques, CRYBF believes it can set a standard and position itself as a leader in providing sustainable and low-cost mining operations.
The more excellent news is that the company is making significant strides to turn that ambition into revenue. That’s attracting investors, market participants, and sector enthusiasts, all sharing the common interest of keeping the industry viable as more headlines post regarding the harmful effects of current mining practices that utilize significant resources sometimes for little return on investment. Remember, while digital assets themselves have been whipsawed in recent months, few argue against block-chain technology becoming engrained in global business activity.
Think Of CRYBF As A block-chain Play
That reality puts CRYBF in the right sector at the right time, noting that block-chain processes go beyond its most common association with digital assets. It’s also invaluable to cyber security, risk assessment, traditional finance, and validating a transaction record. Those potentials provide significant opportunities, especially for companies seizing on better technologies to deliver a final block-chain product. CRYBF checks that box.
It’s one of many intrinsic strengths fueling the company’s mission to contribute to global interest. Another is diversification of interests, with CRYBF’s focus on block-chain technology intending to capitalize on and maximize the potential inherent to the evolving needs of various industries, including the billion-dollar sectors listed above. That’s where this nanocap has the potential to shine.
Remember that block-chain technology is already inspiring change in multiple industries, reshaping many parts of them by integrating new levels of efficiency, transparency, and security. Its applications are virtually limitless and, moreover, benefit almost every party that understands and leverages its value. That’s driving the technology’s growth, ushering in new opportunities for small companies like CRYBF to either attack its broad opportunities or serve potentially niche applications, which would also likely present massive income opportunities.
Of course, like other assets, the benefits can accrue as the industry matures. New opportunities will continue to emerge, exposing the importance of being positioned as an industry leader who leverages innovation to capitalize on the vast potential of groundbreaking technology. And as project developers and businesses embrace block-chain, separating success from failure could come down to utilizing the best that block-chain technology offers, including prioritizing security from the start to most effectively benefit from an evolving digital ecosystem.
Digital Assets Are A Factor
While there are many areas to monetize block-chain technology, digital assets remain the most recognized. In that space, the growing capitalization of market-linked digital assets has highlighted the risk of capital investments made by various countries. Digital alternatives will likely be the long-term answer. They offer lower transaction fees and faster reach than traditional payment methods, making them increasingly attractive to businesses and individuals for cross-border transactions. Users also appreciate that they are decentralized.
The decentralized nature of digital assets prevents regulatory restrictions on transactions, which has been the primary appeal since they came on the scene a decade ago. Wall Street is also in the game. Companies like Coinbase (NASDAQ: COIN) specifically serve the digital assets market. And they aren’t the only ones. Paypal (NASDAQ: PYPL) and Block (NYSE: BL) also embrace the advantages of a digital landscape. Of course, hundreds more companies are helping usher in the transformation, some heavily backed by venture capitalists wanting their share of an expected trillion-dollar market.
Reports support that it’s not if but when that change entirely happens. Published estimates peg growth to score a CAGR of 87.1% from 2022 to 2030. That expansion is fueled by venture capitalists, block-chain as an investment tool, and the widespread adoption of block-chain solutions for banking and cybersecurity. All are using block-chain in some form for smart contracts, payments, and digital identities. Additionally, governments are creating partnerships with public companies to integrate block-chain networks for enhanced system protection.
Ripe For 2H/2023 Appreciation
In other words, it’s the right time to leverage expertise to earn a large slice of revenue. CRYBF is doing precisely that. And its rewards may come sooner than later from thinking outside the norms and combining assets to seize low-hanging rev-gen opportunities in a sector that can transform this nanocap in a single headline. That potential is in play.
The block-chain markets, especially the value to those providing the service, are booming, creating CRYBF path of least resistance for its shares is likely higher. Bumps and bruises along the way, possibly. But, it’s fair to project that positioning now for a long-term interest could deliver substantial returns. Remember, companies that are growing get rewarded with higher valuations. While CRYBF stock moved higher after its Redwood acquisition, value remains unaccounted.
But like all windows of opportunity, this disconnect will likely close quickly as more investors learn about this tiny company doing some extraordinary things. And $0.02, it appears that substantial value is missing from its appraisal. Growth stock investors able to handle risk should consider taking advantage. Quickly.
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