HyperBlock Completes Acquisition of CryptoGlobal, Begins Listing on CSE

HyperBlock has announced it has completed the acquisition of CryptoGlobal and will begin trading on the Canadian Securities Exchange under ticker symbol “HPYR” effective July 11, 2018.

As quoted in the press release:

“Today’s news transforms HyperBlock into one of North America’s largest and most diversified crypto-asset enterprises.  The new HyperBlock operates high-performance cryptocurrency datacenters across Canada and the USA, with more than 21,500 servers on 28.5MW, five complimentary product offerings — and an expanding R&D lab focused on Bitcoin adoption and usage,” explains HyperBlock CEO Sean Walsh.

According to Walsh, the successful acquisition of CryptoGlobal and conditional listing on the CSE “positions HyperBlock for both strategic acquisitions and accelerated organic growth — which will help the company thrive within the globalcryptocurrency ecosystem — far beyond North American shores.”

Acquisition Arrangement Closing Details
HyperBlock has successfully completed its previously announced acquisition of CryptoGlobal Corp. whereby pursuant to a court-approved plan of arrangement which was completed today, HyperBlock Technologies Corp. (the predecessor corporation to HyperBlock Inc. (“HTC”) acquired all of the common shares of CryptoGlobal  (“CryptoGlobal Shares“) and amalgamated to form HyperBlock Inc. (the “Arrangement“).

Click here to read the full press release.