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This Summer's Redwater Acquisition Puts (CRYBF) On Breakout Watch Ahead Of 2024 (5 Potential Catalysts)
September 25th
Greetings Readers,
Cryp-to mining, meet the future: Artificial Intelligence (AI).
The marriage of these two cutting-edge technologies has the potential to revolutionize the digital currency mining landscape like never before.
Cryp-to mining, traditionally energy-intensive and resource-consuming, is ripe for optimization. Enter AI, with its unmatched computational prowess.
AI can crunch vast amounts of data in real-time, identifying optimal mining strategies, predicting market trends, and even optimizing energy consumption.
Imagine AI algorithms dynamically adjusting mining parameters, maximizing efficiency, and reducing energy costs, all while adapting to the ever-changing cryp-to market.
It's not just about efficiency; it's about staying competitive in a rapidly evolving industry.
AI can also enhance security, detecting and mitigating threats like hacking attempts or fraudulent activities, safeguarding mining operations and digital assets.
In this digital gold rush, those harnessing the power of AI could surge ahead, leaving traditional mining operations in the dust.
It's a new era for mining, and AI is the pickaxe of progress, unlocking untold potential in this decentralized frontier.
One company in particular is embracing this disruptive tech and aims to capitalize on the potential benefits it brings to the table.
And while they are still flying below Wall Street's radar at the moment, it might not be too long until they start drawing major buzz.
Drop everything right now and pull up:
*CryptoBlox Technologies Inc. (CRYBF)*
Cryp-toBlox Technologies Inc. is a block-chain technology company with a diversified portfolio of fintech block-chain services, block-chain battery technologies and applications, and cryp-to mining facilities under development.
The Company’s acquisition of Redwater marks a significant milestone in its plan to meet the fast-growing demand for cost-effective cryp-to-currency infrastructure in North America.
And based on several potential breakout catalysts, CRYBF needs to be on radar immediately. Check them out:
No. 1 - A Strategic Collaboration Marks A "Significant Moment" For The Company
No. 2 - Pivotal Moment: CRYBF Announces Successful Acquisition Of Modular Data Centre
No. 3 - Advance AI Algorithms To Improve Efficiency (Ready To Disrupt The Mining Industry)
No. 4 - A New Partnership Will Help To Leverage AI And Energy Optimization
No. 5 - Could Technical Indicators Suggest A Bounce/Reversal Is On The Horizon?
But more on those in a second...
Cryp-toBlox Technologies Inc. Advances In Cryp-tocurrency Mining Sector With Redwater Acquisition
Cryp-toBlox Technologies Inc. has recently achieved a major milestone in the cryp-tocurrency mining sector through its acquisition of Redwater, a company specializing in air-cooled data centers and advanced heat recapture products.
This strategic move could help establish Cryp-toBlox Technologies Inc. as a prominent player in the evolving cryp-tocurrency mining industry and reinforces the company’s dedication to sustainable and environmentally conscious practices.
The acquisition of Redwater was facilitated by True North Data Systems Ltd., acting on behalf of the site owner, an oil and gas producer aiming to harness the natural gas associated with oil production that is currently being flared.
Redwater plans to leverage this waste gas as a sustainable and cost-effective fuel source for its mining operations, demonstrating its commitment to environmental sustainability.
Redwater’s prime location in Sturgeon County, Alberta, Canada, will serve as the foundation for its state-of-the-art cryp-to mining facility. This facility is designed to prioritize efficiency and cost-effectiveness, incorporating air-cooled data centers and advanced heat recapture products.
By utilizing advanced technologies and optimizing energy consumption, Redwater aims to establish a sustainable and environmentally friendly mining operation.
Redwater, in collaboration with True North Data Systems, has ambitious plans to expand its generation and mining footprint over the next 18 to 24 months. The goal is to potentially reach a total capacity of 3 MW or more.
As part of its growth strategy, Redwater will explore the possibility of providing peak demand capacity to the Alberta grid, contributing to the stability and efficiency of the local energy infrastructure.
This acquisition signifies a major milestone for Cryp-toBlox Technologies Inc. as it solidifies its position in the cryp-tocurrency mining industry.
By incorporating innovative technologies, sustainable practices, and strategic partnerships, Cryp-toBlox aims to provide superior mining solutions while minimizing environmental impact.
In integrating mining facilities with power generation assets and implementing state-of-the-art operational techniques, Cryp-toBlox aims to establish itself as a leader in sustainable and low-cost mining operations in North America.
CRYBF Company Website.
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Mentioned above, CRYBF has several potential catalysts to familiarize yourself with right now. Check them out:
No. 1 CRYBF Potential Catalyst - A Strategic Collaboration Marks A "Significant Moment" For The Company
Cryp-toBlox Maximizes Economic Potential with Deployment of 133 S19J Pro 104/th Bitmain ASIC Miners and Lavrium AI Integration
Vancouver, B.C, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Cryp-toBlox Technologies Inc. (the “Company” or “Cryp-toBlox”) (CSE: BLOX), is pleased to announce that AI technology that will be developed by Lavrium LLC (“Lavrium”) will be integrated into the modular data centre (the “Data Centre”) optioned by the Company’s wholly owned subsidiary, Red Water Acquisition Corp. (“Redwater”). This strategic collaboration, coupled with the installation of 133 Bitmain S19J Pro 104/TH ASIC miners at Redwater’s facility, is intended to further enhance the Data Centre’s operational efficiency, cost-effectiveness, and environmental sustainability.
With the recent installation of 133 Bitmain S19J Pro 104/TH ASIC miners, Redwater has significantly boosted its mining capacity. These high-performance miners deliver a maximum total hash rate of 13,182 TH/s or 1.3 PH/s, representing a substantial increase in Redwater’s computational power and mining capabilities. This expanded capacity positions Redwater to capitalize on the growing demand1 for cryp-to-currency mining.
By integrating Lavrium's AI technology with the newly installed miners, Redwater will further optimize utilization of computing resources. AI algorithms dynamically manage and allocate workloads, maximizing mining performance while minimizing energy waste. This intelligent workload optimization is expected to not only enhance pro-fit-ability but also reduces operational costs, further contributing to the economic benefits derived from the installation of these high-performance miners.
...
“The convergence of cutting-edge AI technology and the integration of 133 high-performance Bitmain ASIC miners marks a significant moment for Cryp-toBlox,” commented Cryp-toBlox Interim CEO, Taryn Stemp. “We stand poised to establish fresh benchmarks for operational efficiency, energy optimization, and pro-fit-ability. This strategic alliance, coupled with augmented mining capabilities, reinforces our commitment to ushering exceptional economic benefits for the Company.”
On behalf of the Company,
Taryn Stemp,
Interim Chief Executive Officer
Read the full article here.
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No. 2 CRYBF Potential Catalyst - Pivotal Moment: CRYBF Announces Successful Acquisition Of Modular Data Centre
Cryp-toBlox Maximizes Efficiency and Operational Control with Modular Data Centre, Powered by Lavrium's AI Capabilities
Vancouver, B.C, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Cryp-toBlox Technologies Inc. (the “Company” or “Cryp-toBlox”) (CSE: BLOX), is pleased to announce the successful acquisition and implementation of a modular data centre (the “Data Centre” or the “Facility”) from True North Data Systems Ltd. (“TNDS”) by its wholly owned subsidiary, Red Water Acquisition Corp. (“Redwater”). The Data Centre has a capacity for up to 300 ASIC mining machines. This significant achievement underscores Cryp-toBlox's steadfast dedication to providing efficient and cost-effective solutions to the cryp-to-currency mining industry. By working with Lavrium to harness the capabilities of Artificial Intelligence (AI) capabilities, Cryp-toBlox is positioned to revolutionize the technical and automation aspects of its modular Data Centre...
Through the integration of AI algorithms, the Data Centre expects the ability to optimize its operations significantly. By analyzing real-time data from power distribution units (PDUs) and connection ports, AI algorithms can efficiently allocate power, enhance network performance, and ensure a stable power supply for the computing systems, mitigating the risk of power failures and elevating the overall efficiency and reliability of Redwater’s Data Centre.
The development of Lavrium's AI technology is expected to be instrumental in optimizing network connectivity by analyzing data from the 50 connection ports. These algorithms will be designed to closely monitor network traffic, identify bottlenecks or congestion, and dynamically adjust network settings, ensuring seamless and efficient data transfers.
...
"The acquisition of this cutting-edge modular Data Centre from TNDS marks a pivotal moment for Cryp-toBlox," commented Cryp-toBlox Interim Chief Executive Officer, Taryn Stemp. "Our strategic collaboration with Lavrium will empower us to harness the power of AI and advanced data analytics, which will optimize our mining operations and potentially set new industry standards for pro-fit-ability, energy efficiency, and environmental responsibility."
Ms. Stemp emphasized Lavrium's data-driven approach and unwavering commitment to energy efficiency, stating, "Lavrium's data-driven approach and its AI algorithms will play a crucial role in optimizing power distribution and network performance within the Data Centre. This integration is expected to lead to enhanced efficiency, reliability, and overall performance across our operations."
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Read the full article here.
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No. 3 CRYBF Potential Catalyst - Advance AI Algorithms To Improve Efficiency (Ready To Disrupt The Mining Industry)
Cryp-toBlox to Utilize Advanced AI Energy Efficiency Optimization Algorithms to Support Redwater's Bit-coin Mining Operations
Vancouver, B.C, July 27, 2023 (GLOBE NEWSWIRE) -- Cryp-toBlox Technologies Inc. (the “Company” or “Cryp-toBlox”) (CSE: BLOX), is pleased to announce that, further to its news release dated July 25, 2023, through the partnership between the Company’s wholly owned subsidiary, Red Water Acquisition Corp. (“Redwater”), and Lavrium LLC (“Lavrium”), Lavrium will be applying their AI energy efficiency optimization algorithms to Redwater’s mining operations.
...
"Lavrium's revolutionary AI energy efficiency optimization algorithms could prove to be a game-changer for the cryp-to-currency mining industry. We are excited to partner with Lavrium to transform our mining operations and increase our efficiency," commented Cryp-toBlox Interim CEO, Taryn Stemp.
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Read the full article here.
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No. 4 CRYBF Potential Catalyst - A New Partnership Will Help To Leverage AI And Energy Optimization
Redwater and Lavrium Announce Strategic Partnership for Bit-coin Mining Optimization
Vancouver, B.C, July 25, 2023 (GLOBE NEWSWIRE) -- Cryp-toBlox Technologies Inc., is pleased to announce that its wholly-owned subsidiary, Redwater Acquisition Corp. (“Redwater”), has partnered with Lavrium LLC (“Lavrium”) to integrate Lavrium’s machines and implement AI algorithms at Redwater's Alberta Project (managed by True North Data Systems Ltd.), with the overarching goal of scaling and optimizing the site’s Bit-coin mining operations to drive increased pro-fit-ability.
Lavrium has gained recognition in the industry for its deployment of cutting-edge technologies and its strategic approach to ASIC mining operations. Lavrium currently hosts 350 miners in a Nebraska facility. Lavrium’s founders, who have deep expertise in machine learning (ML) and artificial intelligence (AI), met during their doctoral studies at MIT and recognized the potential of AI/ML to drive energy efficiency and enhance Bit-coin mining pro-fit-ability. For example, AI algorithms can analyze a wide range of data, including past transaction volumes, power usage effectiveness (PUE), and hash rates, to optimize mining operations. Lavrium’s AI driven approach is intended to maximize pro-fit-ability and energy efficiency in Bit-coin mining.
Cryp-toBlox Interim CEO, Tayrn Stemp, comments, “In-vest-ors must diligently consider both Lavrium's data-driven approach and the vital role of miner fees when assessing transaction costs and evaluating block-chain projects or cryp-to-currencies. Lavrium's commitment to leveraging AI and optimizing energy efficiency contributes to their cost-effective and environmentally friendly mining practices.”
Cryp-toBlox director, Akshay Sood, also expressed his excitement about the partnership with Redwater, “As a leading block-chain technology company, Lavrium utilizes cutting-edge technologies and industry expertise to drive innovation and maximize returns for in-vest-ors."
With his background in advising and incubating early-stage block-chain startups, Mr. Sood believes that combining his expertise with Lavrium's proficiency in optimizing Bit-coin mining operations will create a powerful synergy. Lavrium's extensive experience in various block-chain-based businesses positions them to contribute to Redwater’s success in this rapidly evolving market.
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Read the full article here.
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No. 5 CRYBF Potential Catalyst - Could Technical Indicators Suggest A Bounce/Reversal Is On The Horizon?
At 12:00PM EST Monday, Barchart was reporting CRYBF to have several oversold leaning technicals.
These technicals could be signaling a healthy reversal could be approaching in the near term.
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Now, here are some key technicals (at 12:00PM EST Monday) that could signal CRYBF to be leaning oversold and on the verge of a potential reversal:
- 9-Day Relative Strength Index: 34.25%
- 14-Day Relative Strength Index: 35.01%
When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.
- 14-Day Raw Stochastic: 6.67%
- 14-Day Williams %R: 93.33%
As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Keep an eye on these technicals closely.
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CRYBF Recap - The Top Potential Breakout Catalysts To Know This Second
No. 1 - A Strategic Collaboration Marks A "Significant Moment" For The Company
No. 2 - Pivotal Moment: CRYBF Announces Successful Acquisition Of Modular Data Centre
No. 3 - Advance AI Algorithms To Improve Efficiency (Ready To Disrupt The Mining Industry)
No. 4 - A New Partnership Will Help To Leverage AI And Energy Optimization
No. 5 - Could Technical Indicators Suggest A Bounce/Reversal Is On The Horizon?
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Coverage is officially reinitiated on CRYBF. When time allows, do this:
