Hydro66 Announces Grant of Options

Toronto, Ontario–(Newsfile Corp. – May 16, 2019) – Hydro66 Holdings Corp. (CSE: SIX) (the “Company” or “Hydro66“)announces that it has granted an aggregate of 600,000 options to purchase common shares of the Company exercisable at a price of $0.45 per share for a period of three years, to a newly appointed officer of the Company. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.

About Hydro66

Hydro66 owns and operates a colocation data center in Sweden specializing in Enterprise and HPC hosting. The Company hosts third party IT infrastructure, utilizing 100% green power, at some of the EU’s lowest power prices and within an ISO27001 accredited facility. The Company provides 100% green power at a leading price, purpose-built space and cooling, telecoms, IT support services and 24/7 physical security in their facility in Boden, Sweden.

For more information please visit: www.hydro66.com

FOR MORE INFORMATION, PLEASE CONTACT:

Paul Morrison
Chief Commercial Officer of Hydro66 UK Limited
Tel: (+44) 7789 915 147

or

Jason Atkinson
Jason.atkinson@hydro66.com

647-938-5266

Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44853

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FORK to Develop a Blockchain-Disciplined Payment and Administration Platform for Bravio Technologies’ Foreign Lotteries Program

The Company is pleased to announce it has entered into an exclusive LOI with the B2B and B2C mobile entertainment company Bravio Technologies Limited. The engagement will see both companies combining efforts and using FORK’s blockchain technology and blockchain-related technical and professional services in an aim to develop a state-of-the-art Platform to act as a cryptocurrency payment gateway. The Platform will allow domestic and foreign lottery players the option to participate in lottery drawings using cryptocurrency funds drawn directly from their own crypto e-wallet.. It is intended for FORK’s blockchain technology to be directly integrated into Bravio’s existing multi-tenanted lottery application ecosystem. Bravio aims to use the Platform as its fundamental element of transparency, security and control. The Platform will allow potential players the option to access multiple world-recognized lotteries, using cryptocurrency as a real-time payment solution. Subject to the execution of a “Heads of TermsAgreement”, FORK anticipates that it will retain approximatley 40% of transaction fees collected by the proposed lottery ticketing Platform.

Vancouver, British Columbia–(Newsfile Corp. – May 14, 2019) – GLOBAL BLOCKCHAIN MINING CORP. (CSE: FORK) (OTC: GBCHF) (“FORK” or the “Company”) is pleased to announce that it has entered into an exclusive letter of intent (“LOI“), with Toronto-based Bravio Technologies Limited (“Bravio“) in which FORK aims to agree on terms with Bravio (the “Heads of Terms Agreement“) to develop a state-of-the-art, blockchain-disciplined cryptocurrency payment and asset administration platform (the “Platform“). The Platform is intended to perform payment processing and administrative functions for Bravio’s end-to-end foreign lotteries program, in which players from anywhere in the world can participate in lottery drawings that are deemed to be attractive based on jackpot size. Provisionally, the Platform will perform functions that include, but are not limited to sales, ticketing, deposits, payments, and rewards as part of Bravio’s existing lottery programs.

Once it is enhanced by the blockchain-based Platform to be developed by FORK, it is intended for Bravio’s lottery ticketing program to offer a new breed of domestic and foreign lottery players the option to purchase “original lottery tickets” in the world’s most well-known lotteries using cryptocurrencies (e.g. Bitcoin) for payment. Its practices will align directly with those of recognized cryptocurrency exchanges, once deployed.

Bravio’s existing lottery programs enable users in its key operating markets the option to participate in multiple foreign lottery draws, including “mega” jackpots such as the PowerBall in the United States and Lotto 6/49 in Canada. Through its arrangement with FORK for use of the Platform, the introduction of fractionalized ticketing is also to be contemplated. By offering fractionalized ticketing (i.e. the option to purchase 10% of a USD $2.00 ticket for USD $0.20) it will allow “affordable” entry for potential lottery players located within emerging or frontier markets, which overcomes this barrier to entry for most other providers in the lottery space.

With a strong presence in the markets of North America, Europe, India, Nepal, Asia Pacific and Australia, Bravio’s ecosystem has direct access to more than 260 million mobile phone subscribers through strategic partnerships with cellular network operators. Since 1999, more than three billion lottery plays have been made across Bravio’s combined lottery participation programs, making Bravio one of the world’s largest international online “real ticketing” lottery companies.

By incorporating the Platform into Bravio’s lottery program offerings, the use case for these offerings will be broadened both by facilitating anonymous transactions, and by maintaining Bravio’s strict “best business practice protocol”, ultimately circumnavigating many of its competitors’ key barriers to entry. Barriers include but are not limited to security, compliance, consumer acquisition, payment processing, dissemination of funds/winnings, and procedural costs to enter a foreign lottery.

Lottery jackpots, particularly in the United States, have gained considerable worldwide attention in recent years. The drawings for the US Mega Millions lottery in 2018 were widely covered by media outlets as the jackpot accumulated to more than US $1.5 billion in total value. This attention has been sustained for several years in light of other substantial jackpots, with the five largest lottery jackpots of all time having been won in the past four years, including the 2016 Powerball jackpot, which was the largest in the world’s history at US $1.586 billion. Inevitably, interest from foreign players in participating in these lotteries has only grown, forming a need for solutions such as those offered by Bravio.

With blockchain and cryptocurrencies having ideal use cases in the digital betting sector, FORK’s development of the Platform represents its second stake in this vertical, following the announcement of its initial exchange offering administration agreement with sports betting platform MeVu (http://mevu.bet) last week for MeVu’s proprietary crypto asset MVU.

The integration of blockchain technology into Bravio’s lottery platform instantly adds a supreme level of security and transparency. Also offering a decentralized cryptocurrency payment gateway, the Platform will bring out the full potential of Bravio’s multi-tenanted lottery ticketing system, and offer a more practical entry point for new potential lottery players throughout the markets in which Bravio operates. Both parties believe that the use of the Platform stands to create significant value for FORK and Bravio shareholders alike. Presently, FORK anticipates it will retain around 40% of transaction fees collected by the proposed lottery ticketing Platform in connection with Bravio’s lottery program offerings.

Notably, the Platform will allow Bravio to accept payments made through Bitcoin’s Lightning network, allowing micro-payments for fractional lottery interest purchases to be made with inexpensive transaction fees, and low processing times compared to traditional Bitcoin transactions. As of this writing, approximately 1,000 BTC are locked into the Lightning network[1]. Based on an extrapolation of Bravio’s transaction data, the Platform will be facilitating approximately twenty times this amount (i.e. 20,000 BTC) in annual transaction volume from Bravio’s lottery ticketing sales.

Moreover, based on recent trading activity, overall market confidence in Bitcoin appears to have improved considerably. With BTC having started the month of May 2019 at under USD $5,400, the price has steadily risen, staying consistently above USD $6,000 on Thursday, May 9, 2019, and consistently above USD $7,000 on Monday, May 13, 2019, even surpassing USD $7,800 at one point[2]. With a sustained higher price of Bitcoin, it can be concluded that the markets have not given up on this crypto asset, and it continues to be used for facilitating value transactions on the Internet.

At the outset, the Platform will enable Bravio to accept payments in Bitcoin (BTC), NUVO (NUVO), and MeVu (MVU). FORK anticipates that the Platform, a layer two payment gateway, will be available for all interested merchants in late Q3 2019. The Platform will be branded as part of FORK’s Singularity division.

FORK President and CEO Shidan Gouran commented, “Crypto and blockchain alike have the ability to break down barriers when it comes to bringing opportunities to new places. From the very beginning of cryptocurrencies with Bitcoin, a borderless banking ecosystem was created, which had positive implications for many industries, especially ones in which privacy and cross-border restrictions matter significantly. Bravio has seen great results so far for allowing users in multiple jurisdictions worldwide to participate in foreign lotteries. However, this is only a fraction of the results Bravio could be seeing by accepting cryptocurrencies as a payment for entry into the world’s most attractive lotteries. We look forward to seeing the difference that the use of the Platform will make, as we avail the massive lottery jackpots in the Americas to players from around the world using crypto.”

Bravio CEO Paul Carroll added, “Pairing the use of FORK’s Platform built on ultra-reliable blockchain technology, and allowing a decentralized system of payment such as cryptocurrencies allows Bravio to potentially engage a whole new style and demographic of lottery player. Our aim is to offer global participants the option to use cryptocurrency to purchase original lottery tickets in most of the world’s best-known lotteries.”

Carroll further added, “In the developed world we have the opportunity to win millions of dollars most days of the week, for which we can purchase tickets relatively easy. It comes as no surprise that potential lottery players located in emerging markets, such as India, Africa and Nepal are curious about accessing and participating in these global lotteries. Over the past eighteen months, providing an answer to that curiosity has proven popular for Bravio. After speaking with the team at FORK, a decision to pursue a partnership with them was a simple decision to make. Shidan and his team possess such depth and digital knowledge. Moreover, they’re specifically focused on blockchain technology and are experienced in commercializing existing ecosystems by using multiple cryptocurrencies. We believe that together, we will dramatically enhance the potential of our existing lotto ticketing systems, penetrate new untapped markets, and by adding a payment gateway for cryptocurrencies, we will add immense value for our shareholders. The platform we aim to integrate into our lottery program is currently being developed by FORK.”

On behalf of the Company:
Shidan Gouran, President and CEO
info@globalblockchain.io

For more information please contact:
Global Blockchain Mining Corp. Investor Relations
ir@globalblockchain.io
1-888-983-4771

About Global Blockchain Mining Corp.

With blockchain technology rapidly re-shaping the models of many companies, industries, and their business processes, Global Blockchain Mining Corp. (“FORK”) places a focus on the common needs of early-stage blockchain adopters. Originally founded with a focus on crypto-mining, FORK has recently diversified its offerings by placing an emphasis on professional services such as developing and administering launches of tokens and digital assets. Adapting to changes in blockchain technology, FORK is also now utilizing its computing power to provide consensus services, such as the operation of masternodes, servicenodes, and witnesses which are alternative methods to cryptocurrency mining for generating and acquiring digital assets. . Investors, through their investment in the Company, are provided with exposure to these tokens, cryptocurrencies and digital assets without the lengthy, and complicated process that interested investors must undergo in order to gain exposure to these cryptocurrencies and digital assets.

The Company is listed on the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol “FORK”. Additional information relating to the Company is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com as well as on the Company’s website at: www.forkcse.com

About Bravio Technologies Limited

Bravio’s business model is built around delivering unique digital experiences to mobile phone and digital platform subscribers, mainly throughout the regions of North America, Europe, India, Nepal, Asia Pacific, and Australia. Through its partnerships with major cellular network operators in these markets, Bravio has access to more than 260 million mobile phone subscribers. To date, Bravio’s applications have more than 2.4 million Facebook followers and over five million unique downloads, all accumulated within its own ecosystem. These digital assets include applications for lotteries, communications, music, and daily fantasy sports.

Cautionary Note Regarding Forward-Looking Information

Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”,”may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed onthe forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on http://www.sedar.com

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


[1] Source: https://bitcoinist.com/bitcoin-lightning-network-1k-btc-capacity/
[2] Source: https://coinmarketcap.com/currencies/bitcoin/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44770

Allocation and Pricing Details Finalized for MVU Crypto Asset’s Four-Round IEO

On Wednesday, May 8, 2019, the Company announced in a press release that it had entered into an agreement with Toronto-based MeVu to administer an IEO for the MVU crypto asset. MeVu operates a peer-to-peer sports betting platform based on the Ethereum blockchain, using smart contracts to facilitate wagers, with MVU as the platform’s official currency. By allowing bettors to wager against one another, as opposed to a central bookmaker, MeVu users benefit from a lower “vigorish”, which results in higher payouts on winning bets. The allocation and pricing details for the IEO of MVU have recently been finalized, and MeVu has given the Company authorization to publish these details. The first round of the IEO is set to begin within thirty calendar days of this release.

Vancouver, British Columbia–(Newsfile Corp. – May 13, 2019) – GLOBAL BLOCKCHAIN MINING CORP. (CSE: FORK) (OTC Pink: GBCHF) (“FORK” or the “Company”) has received confirmation from its client MeVu Inc. (“MeVu”) that the details pertaining to the initial exchange offering (“IEO”) for MeVu’s crypto asset MVU have been finalized, and authorization has been given to disclose these details publicly. On Wednesday, May 8, 2019, the Company issued a press release outlining its relationship with MeVu, in which FORK would administer an IEO for MVU on MeVu’s behalf. MeVu operates a blockchain-based sports betting platform built on Ethereum, using smart contracts to establish and resolve wagers (http://mevu.bet). MVU is the proprietary cryptocurrency of this platform, and it is used both for access to the platform, and for actual wagering transactions. As wagers on MeVu are made on a peer-to-peer basis, as opposed to a pari-mutuel basis (the model commonly used by traditional bookmakers), risk calculations are dramatically simplified, thus reducing the commission (also known as “vigorish” or “vig”) factored into the odds of a given bet type, resulting in more favourable payouts of winnings to bettors.

From prior sale efforts for MVU, MeVu was able to raise more than USD $350,000 for less than 5% of MVU’s total supply of 105,000,000 MVU (an approximate price of USD $0.07 to USD $0.08 per MVU). In the IEO being administered by FORK, 55,000,000 MVU will be made available over the course of four rounds. The first round is set to begin in the next thirty calendar days. An overview of the allocations and pricing of MVU for each round is provided below:

First IEO round: 7,000,000 MVU at USD $0.09 (Hard cap of USD $630,000)
Second IEO round: 8,000,000 MVU at USD $0.10 (Hard cap of USD $800,000)
Third IEO round: 20,000,000 MVU at USD $0.11 (Hard cap of USD $2,200,000)
Fourth IEO round: 20,000,000 MVU at USD $0.12 (Hard cap of USD $2,400,000)

For its involvement in the IEO for MVU, FORK is under contract to receive base compensation of up to 3,000,000 MVU (or 2.86% of the total MVU supply). This compensation will be paid according to a set schedule in which up to 1,500,000 MVU will be paid out with each USD $100,0001 raised (FORK will be paid 50% of all MVU tokens sold at each threshold, to a maximum of 1,500,000 MVU total), and a lump sum of 1,500,000 MVU will be paid out upon a cumulative total of USD $1,000,0002 being raised in the IEO. Furthermore, the Company shall be paid a 10% bonus on all sales from private investors introduced by FORK. This bonus is structured as 5% of all MVU sold (e.g. 100,000 MVU sold results in a 5,000 MVU bonus for FORK) and 5% of sale proceeds (e.g. USD $25,0003 purchase results in a USD $1,2504 bonus for FORK).

The beta version of MeVu’s betting platform is currently live (https://dapp.mevu.bet/), allowing wagers on sports to include hockey, basketball, baseball, MMA, and esports. MeVu also has an active Telegram group (https://t.me/mevubet) with more than 18,000 users.

FORK President and CEO Shidan Gouran commented, “Our strategy with the IEO for MVU is to reach as wide of a range of participants as possible, by having four rounds on four different exchanges. As sports betting has become more popular, particularly on non-traditional forms of sport such as esports, we are emphasizing MeVu’s novel approach to sports wagering as a primary value proposition for MVU as a crypto asset. We are confident that we will connect with IEO participants globally through our promotional efforts, and capitalize on the existing momentum already built by MeVu in the ever-growing ecosystem of sports betting.”

1,2,3,4 Or equivalent total amount in any accepted currency for the IEO, as stated by the respective exchange of each IEO round

On behalf of the Company:
Shidan Gouran, President and CEO
info@globalblockchain.io

For more information please contact:
Global Blockchain Mining Corp. Investor Relations
ir@globalblockchain.io
1-888-983-4771

About Global Blockchain Mining Corp.

With blockchain technology rapidly re-shaping the models of many companies, industries, and their business processes, Global Blockchain Mining Corp. (“FORK”) places a focus on the common needs of early-stage blockchain adopters. Originally founded with a focus on crypto-mining, FORK has recently diversified its offerings by placing an emphasis on professional services such as developing and administering launches of tokens and digital assets. Adapting to changes in blockchain technology, FORK is also now utilizing its computing power to provide consensus services, such as the operation of masternodes, servicenodes, and witnesses which are alternative methods to cryptocurrency mining for generating and acquiring digital assets. . Investors, through their investment in the Company, are provided with exposure to these tokens, cryptocurrencies and digital assets without the lengthy, and complicated process that interested investors must undergo in order to gain exposure to these cryptocurrencies and digital assets.

The Company is listed on the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol “FORK”. Additional information relating to the Company is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com as well as on the Company’s website at: www.forkcse.com

Cautionary Note Regarding Forward-Looking Information

Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”,”may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed onthe forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44733

Hydro66 Secures Additional Enterprise Client

Hydro66 will deliver colocation data center services to ComDaTe, a national provider of IT, telecoms and security solutions to Enterprises

Boden, Sweden–(Newsfile Corp. – May 9, 2019) – Hydro66 Holdings Corp. (CSE: SIX) (OTCQB: HYHDF) (“Hydro66” or the “Company”) is pleased to announce the signing of another new Systems Integrator partner. ComDaTe is a cloud service provider and specialist services for IT Networks, telecoms and mobile, and alarm, security and surveillance to national public and private sector clients. They will partner with Hydro66 to provide secure data center colocation services with a 100% uptime service level agreement for them and their clients.

Jens Bergman Area Manager at ComDaTe commented, “Through our partnership with Hydro66 we are able to offer our 1,500 customers in Sweden a secure and sustainable service for hosting their data. Adding together our offerings has created a robust and competitive package that will deliver a complete solution to our customers.”

Hydro66 will work closely to deliver managed colocation data center services in a service provider partnership. Key features are flexible density planning, 24/7 physical security, guaranteed power and carrier-neutral network availability and temperature/humidity guarantees.

Anne Graf, CEO, Hydro66 commented, “Hydro66 is absolutely thrilled to begin a new partnership with another highly respected Swedish company. Like us, ComDaTe are 100% committed to the highest standards of reliability, security and of course data center uptime. Bringing a new data center proposition to their large client base will accelerate their digitalisation plans.”

For additional information, contact: investors@hydro66.com

About Hydro66

Hydro66 owns and operates an award-winning colocation data center in Sweden specializing in High Performance Computing (“HPC”) hosting. The Company hosts third party IT infrastructure, utilizing 100% green power, at amongst the EU’s lowest power prices and within an ISO27001 accredited facility.

Hydro66 is uniquely positioned to capitalize on opportunities in blockchain infrastructure as well as the traditional Enterprise colocation data center market. The Company provides truly green power at a leading price, purpose-built space and cooling, telecoms, IT support services and 24/7 physical security in their facility in Boden, Sweden. www.hydro66.com

Forward-Looking Information

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company’s annual and quarterly management’s discussion and analysis filed at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44657

Correction from Source: FORK to Administer Multi-Round IEO for MVU Token for MeVu Blockchain Betting Network

Yesterday, FORK entered into a contract with MeVu to administer the IEO for its peer-to-peer wagering crypto asset MVU, which will be conducted over the course of multiple rounds on different exchanges. Offering bettors the ability to bet against one another (through Ethereum smart contracts) instead of betting against a central bookmaker, the MeVu betting platform has been developed to a usable live beta version. The MVU token provides access to the MeVu betting platform, and it acts as the proprietary currency for wagering transactions. From prior sale efforts, more than USD $350,000 was raised for the sale of 5,000,000 MVU (out of a total supply of 105,000,000 MVU). FORK has two different compensation models for its performance in administering the IEO, enabling the Company to earn MVU tokens as well as sale proceeds in fiat currencies and/or major cryptocurrencies.

Vancouver, British Columbia–(Newsfile Corp. – May 8, 2019) – GLOBAL BLOCKCHAIN MINING CORP. (CSE: FORK) (OTC: GBCHF) (“FORK” or the “Company”) is pleased to announce that yesterday it has entered into an agreement with Toronto-based MeVu Inc. (“MeVu”) to conduct an initial exchange offering (“IEO”) for its MVU digital asset. MeVu has developed an Ethereum-based blockchain platform for peer-to-peer online wagering (http://mevu.bet) using smart contracts, which uses MVU as its official currency. Its platform matches counterparties for a given wager based on set odds, enabling each bettor to bet against one another (peer-to-peer) instead of betting against a central bookmaker (pari-mutuel). Under this model, bet payouts are subject to a much lower commission percentage (known as “vigorish” or “vig”) compared to the industry standard among traditional bookmakers.

Following completion of the sale period for the AMR crypto asset during which approximately 80% of the sale allocation was purchased, FORK is utilizing the same strategies in its administration of the IEO for MVU in the interest of the sale’s success. The IEO is to be conducted in multiple stages, each on different exchanges, availing a maximum of 55,000,000 MVU out of the total supply of 105,000,000 MVU. From prior MVU sale efforts by MeVu, more than USD $350,000 was raised for 5,000,000 MVU (between USD $0.07 and USD $0.08 per MVU).

Aside from offering bettors a discounted vigorish on wagers, the MeVu platform offers an “oracle” service to settle disputes as a method of assuring the platform’s integrity. This provides bettors an overall comparable level of fairness to what they might expect in pari-mutuel wagering, resulting in an improved betting experience that is effectively without compromise. The beta version of MeVu’s betting platform is currently live (https://dapp.mevu.bet/), allowing wagers on sports to include hockey, basketball, baseball, MMA, and esports. MeVu also has an active Telegram group (https://t.me/mevubet) with more than 18,000 users.

For its involvement in the IEO for MVU, FORK is under contract to receive base compensation of up to 3,000,000 MVU. This compensation will be paid according to a set schedule in which up to 1,500,000 MVU will be paid out with each USD $100,0001 raised (FORK will be paid 50% of all MVU tokens sold at each threshold, to a maximum of 1,500,000 MVU total), and a lump sum of 1,500,000 MVU will be paid out upon a cumulative total of USD $1,000,0002 being raised in the IEO. Furthermore, the Company shall be paid a 10% bonus on all sales from private investors introduced by FORK. This bonus is structured as 5% of all MVU sold (e.g. 100,000 MVU sold results in a 5,000 MVU bonus for FORK) and 5% of sale proceeds (e.g. USD $25,0003 purchase results in a USD $1,2504 bonus for FORK).

FORK President and CEO Shidan Gouran commented, “Administering token offerings has proven to be a great business focus for us, because we get to work with real innovators of crypto and blockchain, to bring their visions to the public marketplace. Aside from being in a very in-demand category with a ready-to-go minimum viable product, MeVu has already seen success to date with its MVU token sales of more than USD $350,000 for less than 5% of its token supply. We are very pleased to have reached this agreement with MeVu, and we look forward to a productive next few months as we carry out the IEO for them.”

MeVu Project Leader and Co-Founder Kelvin Coelho added, “After the U.S. Supreme Court ruled in favour of legalized sports betting last year, there has been considerable interest from new entrants who want to get into this space. The trouble is, when sports betting is being offered in a venue like a casino, their operating overhead comes out of each bettor’s winnings in the form of a higher vigorish, which nobody wants to give up if they don’t have to. By combining the power of blockchain technology with a sustained demand for sports wagering, MeVu is addressing a real and persisting need in this growing ecosystem with a ‘lean’ approach that ultimately benefits the actual participants, and not the middlemen.”

On behalf of the Company:
Shidan Gouran, President and CEO
info@globalblockchain.io

For more information please contact:
Global Blockchain Mining Corp. Investor Relations
ir@globalblockchain.io
1-888-983-4771

About Global Blockchain Mining Corp.

With blockchain technology rapidly re-shaping the models of many companies, industries, and their business processes, Global Blockchain Mining Corp. (“FORK”) places a focus on the common needs of early-stage blockchain adopters. Originally founded with a focus on crypto-mining, FORK has recently diversified its offerings by placing an emphasis on professional services such as developing and administering launches of tokens and digital assets. Adapting to changes in blockchain technology, FORK is also now utilizing its computing power to provide consensus services, such as the operation of masternodes, servicenodes, and witnesses which are alternative methods to cryptocurrency mining for generating and acquiring digital assets. . Investors, through their investment in the Company, are provided with exposure to these tokens, cryptocurrencies and digital assets without the lengthy, and complicated process that interested investors must undergo in order to gain exposure to these cryptocurrencies and digital assets.

The Company is listed on the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol “FORK”. Additional information relating to the Company is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com as well as on the Company’s website at: www.forkcse.com

Cautionary Note Regarding Forward-Looking Information

Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”,”may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed onthe forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com

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

___________
1
Or equivalent total amount in any accepted currency for the IEO, as stated by the respective exchange of each IEO round
2 Or equivalent total amount in any accepted currency for the IEO, as stated by the respective exchange of each IEO round
3 Or equivalent total amount in any accepted currency for the IEO, as stated by the respective exchange of each IEO round
4 Or equivalent total amount in any accepted currency for the IEO, as stated by the respective exchange of each IEO round

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44634

Nuvo Blockchain’s Second Iteration to Include Laser Technology Under Equity Deal with Cannadex

FORK has entered into an agreement in which it will transfer all work product and assets of Laser to Cannadex in exchange for 25% of Cannadex’s equity. Cannadex, whose founder played a key role in building the Nuvo blockchain network, will incorporate parts of Laser’s technology stack into the Nuvo blockchain’s second iteration, Nuvo 2.0, which will introduce an unforeseen level of flexibility for the Nuvo blockchain’s community of users. Cannadex will also be building a Spot Market for commodities on Nuvo 2.0, and FORK will be leveraging its marketing resources to attract users to the platform. After ownership of Laser is transferred to Cannadex, FORK will retain a perpetual license to use the Laser technology stack, enabling the Company to still benefit from Laser’s capabilities on other projects.

Vancouver, British Columbia–(Newsfile Corp. – May 6, 2019) – GLOBAL BLOCKCHAIN MINING CORP. (CSE: FORK) (OTC Pink: GBCHF) (“FORK” or the “Company”) announces that it has entered into an agreement with Cannadex Labs Inc. (“Cannadex”) to transfer the intellectual property and assets associated to the Laser blockchain interoperability solution to Cannadex in exchange for 25% of Cannadex’s equity. Cannadex has agreed to undertake the remainder of the development of the second iteration of the Nuvo blockchain network (“Nuvo 2.0”) which will incorporate parts of the Laser technology stack. The work product of this development will be provided by Cannadex to Nuvo blockchain’s user community under an open-source license. Cannadex will then use the Nuvo 2.0 blockchain network to build a blockchain-based spot market exchange for tokenized commodities (the “Spot Market”), with a primary initial focus on cannabis assets. Once fully formed, the Spot Market will be based on the Nuvo blockchain network. Under the agreement between FORK and Cannadex, FORK will retain a perpetual, closed-source, highly flexible license to use the full Laser technology stack.

The Nuvo blockchain network now has more than 45,000 users between its social media communities Jamaa (http://jamaa.com) and GameKarma (http://gamekarma.gg), an increase of more than 30,000 users over the past week. In 2018, its first iteration was built collaboratively through combined efforts of FORK, UK-based Nuvo Cash Ltd. (“Nuvo Cash”)a client of FORK, and a community of grassroots developers that includes Cannadex founder Steven Dryall.

Cannadex is founded by Steven Dryall, a widely-regarded digital currency visionary and entrepreneur who has spoken at numerous fintech events, and lectured in several courses, including courses at Ryerson University in Toronto. Mr. Dryall has also been recognized by the Royal Canadian Mint as a contributor to the evolution of currency. His vision behind Cannadex is to leverage the decentralized nature of blockchain networks to form the Spot Market on which commodities can be traded in the form of tokenized assets. This approach is favourable in comparison to traditional commodities exchanges, which are subject to relatively slow transactions from administrative latency, costly transaction fees from high overhead expenses, and vulnerability to losses and downtime from centralized systems. At first, the Spot Market will focus on the trade of cannabis-related assets, though the scope of assets is set to expand in the course of the Spot Market’s operations. With FORK’s connections in the capital markets space, the Company will also play a strategic role in attracting client users for the Spot Market.

Laser is a blockchain-agnostic “service layer” network that enables interoperability between separate blockchain networks, in a manner similar to how the SWIFT banking network enables interoperability between separate banking systems globally. It was originally developed by Global Blockchain Technologies Corp. starting in April of 2018, and transitioned to ownership under FORK as a result of corporate restructuring. Laser’s blockchain network has been completed to the point that it can be used by Cannadex straight away for its planned developments on the Ethereum Plasma-based Nuvo 2.0 blockchain network.

By transforming the Nuvo blockchain network into an Ethereum sidechain, the NUVO token would be able to interoperate with any tool, wallet, or smart contract that supports Ethereum’s ERC-20 standard. Meanwhile, the Nuvo blockchain’s DPoS (delegated proof-of-stake) consensus mechanism and scalability will be completely maintained.

FORK’s stake in the genesis block of NUVO tokens remains unchanged; the Company will retain its rights to 5%, or 200,000,000 (two hundred million) out of the 4,000,000,000 (four billion) NUVO tokens that comprise the genesis block.

Cannadex founder Steven Dryall commented, “Blockchain-based exchange platforms are ideal for trading commodities, especially cannabis. Because legacy commodity exchanges have not been the most receptive to cannabis for political reasons, there is substantial opportunity to create a solution like our Spot Market to meet existing demand from traders and investors. By combining the capabilities of the Nuvo blockchain network with Laser, this will not only create the ideal platform on which we can build the Spot Market, but it will also vastly improve the use case for the rapidly growing community of users on the Nuvo blockchain.”

FORK President and CEO Shidan Gouran added, “In creating the Nuvo blockchain network, our client Nuvo Cash had very similar visions to ours in creating blockchain interoperability. Cannadex is the perfect company to take Laser and incorporate parts of it into Nuvo 2.0, which will not only benefit them for purposes of their Spot Market, but it will also benefit the Nuvo blockchain ecosystem and holders of NUVO tokens by allowing for interoperability with other blockchains. This deal positions FORK advantageously, as we will hold 25% of Cannadex’s equity, as well as 5% of the genesis block of NUVO tokens, which will see a dramatically widened use case with the changes introduced as part of Nuvo 2.0.”

For more information about Cannadex, please visit http://cannadex.network.

On behalf of the Company:
Shidan Gouran, President and CEO
info@globalblockchain.io

For more information please contact:
Global Blockchain Mining Corp. Investor Relations
ir@globalblockchain.io
1-888-983-4771

About Global Blockchain Mining Corp.

With blockchain technology rapidly re-shaping the models of many companies, industries, and their business processes, Global Blockchain Mining Corp. (“FORK”) places a focus on the common needs of early-stage blockchain adopters. Originally founded with a focus on crypto-mining, FORK has recently diversified its offerings by placing an emphasis on professional services such as developing and administering launches of tokens and digital assets. Adapting to changes in blockchain technology, FORK is also now utilizing its computing power to provide consensus services, such as the operation of masternodes, servicenodes, and witnesses which are alternative methods to cryptocurrency mining for generating and acquiring digital assets. . Investors, through their investment in the Company, are provided with exposure to these tokens, cryptocurrencies and digital assets without the lengthy, and complicated process that interested investors must undergo in order to gain exposure to these cryptocurrencies and digital assets.

The Company is listed on the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol “FORK”. Additional information relating to the Company is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com as well as on the Company’s website at: www.forkcse.com

Cautionary Note Regarding Forward-Looking Information

Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”,”may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44552

Hydro66 Provides Update on Cryptocurrency Operations

Wholesale colocation and cryptocurrency activities accelerating based on continued momentum in cryptocurrency market

Boden, Sweden–(Newsfile Corp. – May 1, 2019) – Hydro66 Holdings Corp. (CSE: SIX) (OTCQB: HYHDF) (“Hydro66” or the “Company”) is pleased to provide an update on its cryptocurrency operations, which form part of its three-pronged strategy consisting of ultra-low emissions Enterprise colocation for High Performance Computing (“HPC”) and both direct and wholesale cryptocurrency operations.

As the cryptocurrency market has seen a gradual improvement, Hydro66 has been able to utilize advantageous hedged power contracts to profitably deploy its own GPU and ASIC equipment to provide hash power to mining pools. The Company continues to selectively purchase GPU and ASIC equipment as difficulty and pricing of computing equipment, combined with in-house analysis, suggests that there is a substantial opportunity to generate cashflow.

Additionally, one of Hydro66’s larger wholesale colocation customers has resumed operations again in its facility and there has been an increase in new sales enquiries and current customer expansion.

Anne Graf, CEO, Hydro66 commented, “Hydro66 is well positioned at the right point of the next crypto upcycle. We now own approximately 1.25 MW of GPU and ASIC equipment, which provides high leverage to a rising cryptocurrency market. We will continue to closely monitor the crypto market and use our substantial in-house expertise to benefit from the upswing as we continue to build out our Enterprise colocation business.”

There has also been positive momentum in the Company’s Enterprise sales efforts. The colocation pipeline has been growing with accelerating interest both within Sweden and from neighbouring countries, particularly Germany.

For additional information, contact: investors@hydro66.com

On Behalf of the Board
Anne Graf, CEO

About Hydro66

Hydro66 owns and operates an award-winning colocation data center in Sweden specializing in High Performance Computing (“HPC”) hosting. The Company hosts third party IT infrastructure, utilizing 100% green power, at amongst the EU’s lowest power prices and within an ISO27001 accredited facility.

Hydro66 is uniquely positioned to capitalize on opportunities in blockchain infrastructure as well as the traditional Enterprise colocation data center market. The Company provides truly green power at a leading price, purpose-built space and cooling, telecoms, IT support services and 24/7 physical security in their facility in Boden, Sweden. www.hydro66.com

Forward-Looking Information

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company’s annual and quarterly management’s discussion and analysis filed at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44449