EV Battery Technologies provides progress update with regards to its acquisition of optimal.
Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech”) have completed the necessary financing arrangements to enable its recently acquired subsidiary, Optimal CP Inc. (“Optimal”), to execute on its business plan to develop state-of-the-art mining operations facilities.
Optimal is focused on developing facilities in Canada’s energy hub of Alberta that will leverage direct access to clean, reliable, low-cost power generation facilities.
Using a unique operating approach, Optimal’s facilities will continue to support the peak needs of the Alberta grid, thus offering increased value to generators while providing some of the lowest-cost, cleanest and most reliable mining operations in world.
With these funds in place, Optimal intends to move quickly in establishing and commissioning its initial mining facility, which will utilize at least 3.5 MW of clean, cost-effective generation to ultimately power a minimum of 1,000 mining ASIC mining machines.
Using a phased approach to build out electrical and enclosure infrastructure to accommodate miners, Optimal is projecting to commission at least 500 kW per month of rack space, allowing the Company to achieve a total mining hashrate of approximately 100 petahash and with a projected mining capacity of more that 12 bitcoins per month in the first half of 2022.
Bryson Goodwin, EV Battery Tech CEO:
The acquisition of Optimal has given the Company control of Optimal’s development pipeline and its seasoned management team that will enable a smooth transition for the Company as it continues to focus on its core blockchain business and the introduction of this new cryptocurrency mining unit.
Kevin Gilchrist, President of Optimal:
These are exiting times as our experienced team commissions its initial mining facility, providing the foundation for a bright, growth-oriented future in the mining space in Alberta.
On behalf of the Company,
Bryson Goodwin,
Chief Executive Officer
About EV Battery Tech
Extreme Vehicle Battery Technologies is a blockchain and battery technology company with revolutionary, patented battery management systems (BMS) designed to meet the growing demand for scalable, smart solutions for the rapidly growing electric vehicle (EV) and energy storage solution (ESS) markets.
The company has committed to assisting global recycling solutions by offering recycling initiatives using their technology to analyze and fully refurbish used batteries.
Contact Numbers and Emails
For further information about the Company, please visit https://www.evbattery.tech.
For further information about the Company’s Products please visit https://www.ionixpro.com.
For Investor Inquiries, please contact (236) 259-0279 or email info@evbattery.tech.
For Product or Sales Inquiries, please contact (236) 266-5174 or email sales@ionixpro.com.
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The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
About Optimal CP Inc.
Optimal CP is principal-held company focused on meeting the fast-growing demand for cost-effective cryptocurrency infrastructure in North America.
Optimal’s focus on integrating its mining facilities into power generation facilities in Alberta, and using state-of-the-art operations techniques, will allow it to achieve a high degree of financial optionality and long-term operational certainty that can deliver some of the cleanest and lowest-cost mining operations in the world.
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EV Battery Technologies Provides Progress Update with Regards to its Acquisition of Optimal, Vancouver,January 26, 2022
