Oct 6, 2022
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://ccw.fm/tOUqy
To view the full press release, visit https://ccw.fm/HS89R
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://ccw.fm/BLQC
About CryptoCurrencyWire (“CCW”)
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
To receive instant SMS alerts, text CRYPTO to 77948 (U.S. Mobile Phones Only)
CryptoCurrency News Wire is where News, content and information converge via Crypto.
For more information, please visit https://www.CryptoCurrencyWire.com
Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer
CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.994.9818 Office
[email protected]
CryptoCurrencyWire is part of the InvestorBrandNetwork
A tanker transporting Russian diesel to the United States has departed, signaling a new import agreement. This deal has raised concerns in Ukraine due to Russia's ongoing invasion. U.S. political figures criticized the agreement as it contravenes existing American laws and may benefit Moscow. Ukrainian President Volodymyr Zelenskyy expressed disappointment over the decision and its potential impacts.
With the midterm elections approaching, President Trump is implementing various strategies to combat high diesel prices. These measures include financial aid for farmers and adjustments to regulations for truckers. However, criticisms arise regarding the effectiveness of these solutions and their geopolitical implications. Many voters attribute rising costs to Trump's policies, posing a challenge for Republican candidates. Ultimately, the pressure to lower diesel prices remains as the elections draw near.
Multiple requests were made by the Biden and Trump administrations for SpaceX to adjust Starlink services across different regions. These requests included both restricting access to adversarial groups and providing access to allies and civilians. Notably, officials expressed concerns about Starlink being used by Iranian proxy forces, which the US aimed to counteract. Additionally, Ukraine's military access to Starlink has recently been limited, raising alarms among European officials.
President Donald Trump mentioned plans to deal with Cuba following discussions about Iran. He expressed confidence that the US would reach an agreement with Cuba. The Trump administration aims to alter the current communist government in Cuba. Recently imposed oil blockades have triggered severe energy shortages in Cuba. Cuba's foreign minister indicated an openness to dialogue with the United States amidst these tensions.
Donald Trump addressed a rally, asserting he halted hostilities between India and Pakistan with trade tariff threats. He claimed that his ultimatum led to both countries de-escalating their military actions. India, however, disputed Trump's assertions, particularly about aircraft losses during the conflict. The Indian government has consistently rejected any external mediation regarding its military operations.
Kevin Rudd, president of the Asia Society and a former Australian prime minister, described US-China strategic competition as full-on and multidimensional at a Harvard Kennedy School Institute of Politics event on Friday. “There is a full-blown strategic competition under way in every dimension of national political power and influence, militarily, economically, trade and investment and technology, in foreign policy, in ideology,” said Rudd, a noted China scholar. “It’s across the world,...
Strategic competition between China and the US and its allies is intensifying across the Pacific islands, with both sides pursuing a growing range of security agreements to expand their influence, according to an interactive mapping tool released this week by the Centre for Strategic and International Studies (CSIS), a Washington think tank. The tool details 56 security arrangements among 14 Pacific island countries and the US, Australia, New Zealand, mainland China and Taiwan in a bid to map...
Plenary sessions of the Central Committee, the upper echelon of China’s ruling Communist Party, are major events on the country’s political calendar. In the third part of this series, William Zheng and Alcott Wei examine how the fight against corruption is shaping the party’s future. When China’s political elites gather for a key conclave in Beijing later this month, the increasingly empty auditorium will speak loudly to the event’s theme – the ruling Communist Party’s strict self-discipline and...
Maharashtra Chief Minister Devendra Fadnavis has ordered a forensic investigation regarding an audio clip released recently. This audio clip claims that a BJP leader discussed a ₹500 crore payment intended to manage Maratha leader Manoj Jarange Patil. Shiv Sena's Ramdas Kadam questioned the credibility of the BJP following the allegations made in the audio. The BJP responded by warning Shiv Sena not to complicate the ruling alliance's stability.
Hunter Biden Laptop case: The case was filed less than two weeks before the November 3 elections via criminal complaint, which means prosecutors have not yet presented the allegations to a grand jury for an indictment.
Congress has approached Samajwadi Party regarding contesting a significant number of seats in Uttar Pradesh. While Congress has proposed 175 to 200 seats, Samajwadi Party considers this demand excessive for the party's strength. Currently, Congress holds only two seats in the UP assembly of 403 members. The leadership of both parties will meet for discussions on seat-sharing arrangements.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.