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HyperBlock (CSE:HYPR) has announced its second quarter expected EBITDA of roughly C$3 million for its predeccor comapnes, HyperBlock Technologies, Project Northwest and CryptoGlobal. Combined, the quarter revenue was C$10.1 millon. As quoted in the press release: HyperBlock Inc. formed on July 10, 2018 following the business combination of HyperBlock Technologies Corp., CryptoGlobal and Project Northwest — and …
HyperBlock (CSE:HYPR) has announced its second quarter expected EBITDA of roughly C$3 million for its predeccor comapnes, HyperBlock Technologies, Project Northwest and CryptoGlobal. Combined, the quarter revenue was C$10.1 millon.
As quoted in the press release:
HyperBlock Inc. formed on July 10, 2018 following the business combination of HyperBlock Technologies Corp., CryptoGlobal and Project Northwest — and recently began trading on the Canadian Securities Exchange under the symbol HYPR.
HyperBlock Well-Positioned to Navigate Challenging Market Conditions
“HyperBlock believes the strength of the company is driven by managing costs and continuing to operate a diversified business,” says HyperBlock CEO Sean Walsh, who has been involved in large-scale cryptocurrency mining since 2013.According to Walsh, HyperBlock is relying on its key advantages to weather tough market conditions:
- Ability to economize on operating expenses, post-merger
- Flexibility to migrate cryptocurrency servers from Canada to Project Northwest, its US datacenter — where approximately 2000 servers have been (or are in the process of) being relocated
- Long-term Project Northwest power agreement with average current pricing of USD 3.3 cents