gblc stock

Graph Blockchain's Babbage Mining Profited 88%

Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT5A) ("Graph") or (the "Company") is pleased to provide an update on the cryptocurrency Cardano and the Company's position through its wholly owned subsidiary Babbage Mining Corp. in Cardano's native token ("ADA").

The Company exited from its position in ADA and is pleased to announce that it generated capital gains and yield of $703.7K or 88% in a 7 month period beginning on March 29, 2021. The subsidiary had purchased a total of CDN $800k in digital assets.

Paul Haber, CEO of Graph Blockchain Inc. commented, "The company is extremely gratified with the growth we have made so far with the appreciation of our growing crypto portfolio. In the weeks and months ahead, we will continue to watch the basket of crypto assets in the portfolio as we further monetize our cash position and continuously innovate in the decentralized finance market."

With the ongoing maturity of crypto finance, the Babbage Mining team offers high performance and ample decentralized finance knowledge and has an incredible perspective on the cryptocurrency market focused on growing the value of the portfolio.

By mining altcoins through Proof of Stake, Babbage can provide to its investor's exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains that altcoins represent.

About Graph Blockchain Inc.

Graph Blockchain provides shareholders with exposure to various areas of Decentralized Finance (DeFI). Focusing on altcoins through its wholly owned subsidiaries Babbage Mining Corp., a Proof of Stake ("POS") miner, and Beyond the Moon Inc. an IDO focused company, Graph gives investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains altcoins represent. In addition, through its investment in New World, Graph is providing its shareholders with exposure to rapidly growing and emerging NFT market.

Additional information on the Company is available at www.graphblockchain.com, www.newworldinc.io and www.babbagemining.com

For further information, please contact:

Investor Relations

Jamie Hyland
Phone: 604.442.2425
Email: jamie@graphblockchain.com

Media Relations

Joshua Greenwald / Kristin Cwalinski
Phone: 646.379.7971 / 603.475.3550
Email: gblc@kcsa.com

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the continued growth of the art-focused NFT market. Forward-looking information in this news release are based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the potential inability of New World to continue as a going concern; the risks associated with the blockchain and NFT industry in general; increased competition in the art-focused NFT market; the potential future unviability of the NFT market in general, and the art-focused NFT market in specific. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

The CSE does not accept responsibility for the adequacy or accuracy of this release.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) 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/100212

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Graph Blockchain

Graph Blockchain

Overview:

While Bitcoin and Etherium have long been the major names in the cryptocurrency space, competitors are emerging every day. These new coins, “altcoins", are creating value by capitalizing on alternative coins after Tesla announced it will suspend Bitcoin payments over environmental concerns. Although Bitcoin's price is still up by almost 12 percent in the market as of June 2021, altcoins are showing an increase of over 10 percent after investors started diversifying into a total of $27 million in inflows.

While investors may be eager to enter into the altcoin space, one thing that may hold them back is the sheer number of altcoins in existence. In fact, the total number of altcoins in existence sits at somewhere around 7,800, according to data from CoinGecko. With such a large number of coins, it would be extremely difficult for individuals to evaluate each one to determine their value. Factors such as their use case, circulating supply, and the team behind the project can all have an impact on future value.

Keep reading...Show less

Exposure to Altcoin and other DeFi Opportunities

Canada flag and various crypto coins, including Bitcoin, Ether and XRP.

15 Canadian Crypto ETFs in 2025

While directly holding cryptocurrencies like Bitcoin and Ethereum is a popular option, investors looking for alternatives are clamoring for financial products such as crypto exchange-traded funds (ETFs).

Canada first launched Bitcoin and Ethereum ETFs in 2021. These Canadian Bitcoin and Ethereum ETFs allow investors to place returns in tax-sheltered accounts like tax-free savings accounts or registered retirement savings plans.

“There is a high demand for a Bitcoin product that has all the features that people love about ETFs — that they trade on an exchange, that they’re liquid,” Ross Mayfield, investment strategy analyst at Robert W. Baird & Co., told Bloomberg in mid-2021.

Keep reading...Show less
Bitcoin coin on scattered US$100 bills.

Dollar Doubts: Why Crypto Could Gain Ground as an Investor Safe Haven

The US’ growing debt burden and rising borrowing costs are sharpening questions about the long-term credibility of the dollar, while simultaneously opening the door for cryptocurrencies to position themselves as alternatives for investors seeking protection from inflation.

A new report from Grayscale, the world’s largest digital asset investment platform, argues that macroeconomic imbalances in the US could drive increasing demand for crypto assets.

“Because of the large debt stock, rising interest rates, and a lack of other viable means for dealing with it, the US government’s commitment to control money supply growth and inflation may no longer be fully credible,” the firm said in its analysis.

Keep reading...Show less
Golden Bitcoin coins stacked against a purple background.

Crypto Market Update: Bitcoin ETFs Log Biggest Inflows Since July

Here's a quick recap of the crypto landscape for Wednesday (September 17) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Keep reading...Show less
Hand holding a Bitcoin above soil, with an Australian flag background.

OKX Arrives in Australia with New Crypto Platform

California-based blockchain firm OKX has rolled out a new self-managed superannuation fund (SMSF) platform in Australia. SMSFs allow members to directly manage and control their retirement investment.

According to a Tuesday (September 16) report, the platform offers “institutional-grade” custody, multi-signature wallets and monthly proof-of-reserves covering 22 highly traded assets.

“Trustees have been crying out for institutional-grade infrastructure that doesn’t compromise on compliance or security. That’s exactly what we’ve built,” OKX Australia CEO Kate Cooper told Crypto News Australia.

Keep reading...Show less
Blue digital wallet icon, Bitcoin coins and smartphone app on a blue background.

Coinbase Expands USDC Rewards to Canada

Coinbase Global (NASDAQ:COIN) said on Tuesday (September 16) that it is rolling out rewards on USD Coin (USDC) balances for Canadian users, offering returns of up to 4.5 percent

This marks the first time Canadians can automatically earn interest-like payouts simply by holding USDC on the platform. Coinbase customers in Canada will receive 4.1 percent annualized rewards on their USDC, paid weekly.

Members of Coinbase One, the company’s subscription service, can boost the rate to 4.5 percent on up to US$30,000 in holdings, while any amount above that earns the base 4.1 percent.

Keep reading...Show less
Bitcoin coin beside letter blocks spelling "ETF" on a green background.

Crypto Market Update: Spot Bitcoin ETFs See US$553 Million in Inflows, Dormant Whale Resurfaces

Here's a quick recap of the crypto landscape for Friday (September 12) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Keep reading...Show less

Latest Press Releases

Related News