Link Global Technologies Inc. (LNK.CN) (LGLOF.PK)

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LINK GLOBAL TECHNOLOGIES SIGNS 6 MW POWER PURCHASE AGREEMENTS WITH BLOCK ONE TECHNOLOGIES FOR THEIR DIGITAL CURRENCY MINING OPERATIONS

Vancouver, BC – June 24, 2020 – LINK GLOBAL TECHNOLOGIES INC. (CSE: LNK; FRA: LGT; OTC: LGLOF) (“LINK” or the “Company”), an innovative power and infrastructure solutions provider for digital mining and data hosting operations, is pleased to announce that its phase one development of power in Alberta is fully subscribed through agreements (the “Agreements”) with Block One Technologies (“Block One”). According to the terms of these Agreements, Link will provide Block One with 6 megawatts (MW) of electrical power for an initial term of one year, at an agreed upon rate calculated in Canadian dollars per kilowatt hour.

 

“We are very pleased to be working with an experienced, professional group such as Block One Technologies,” said Stephen Jenkins, President & CEO of Link. “This partnership allows Block One to access our existing power assets in order to conduct its digital mining operations more cost effectively, while also allowing us to expand our current business operations. While this is the first formal agreement between Block One and Link, the companies intend to pursue future agreements that will play an important role in Link’s growth strategy.”

 

Bijan Alizadeh, Founder & Chairman of Block One, commented: “By working with Link, Block One can take advantage of the competitive energy prices Link offers, while continuing to expand our digital currency mining operations. We have deep expertise in the digital mining space and partnering with Link on power supply makes a lot of sense for us and our clients.”

 

About Block One Technology Inc.

Block One Technology, Inc. is built upon our founders’ five years of experience establishing, optimizing, and developing efficient and secure turnkey crypto mining facilities in multiple jurisdictions for individuals and institutions.

 

By utilizing efficient energy supply, we control power usage, which increases profitability and ensures uninterrupted operations. As we expand by building our own gas power plant to produce energy on demand, we will further optimize our facilities, increasing our already large warehouse capacity, and guaranteeing 99.5% uptime.

 

About Link Global Technologies Inc.

Link is engaged in the business of providing infrastructure and operating expertise for digital mining operations. Link’s objectives include locating and securing, for lease and option to purchase, properties with access to low-cost reliable power and deploying this low-cost power to conduct digital mining and supply energy and infrastructure for other data-hosting services.

 

On behalf of Link Global Technologies Inc.

Robert Pirooz

Chairman

 

For more information visit http://linkglobal.io/ or contact:

Steve Jenkins

stephen@linkglobal.io

+1-877-770-6545

 

Investors please contact:

info@linkglobal.io

+1-833-707-8708

 

 

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

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION. This news release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “forecast”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes”, or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “would”, “could”, “should” or “might” occur. Forward-looking statements made in this news release relate to: that the partnership allows Block One to access Link’s existing power assets in order to conduct its digital mining operations more cost effectively, while also allowing Link to expand its current business operations; that the companies intend to pursue future agreements that will play an important role in Link’s growth strategy; that by working with Link, Block One can take advantage of the competitive energy prices Link offers, while continuing to expand its digital currency mining operations; and other matters relating to the Company’s business plans.

 

All such forward-looking statements are based on the reasonable beliefs, expectations and opinions of the relevant management as of the date such statements are made; and are subject to risks, uncertainties, assumptions and other factors that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. In the case of the Company, these risks, uncertainties, assumptions and other factors include, without limitation, fluctuations in the price of electricity, fluctuations in the price of digital currencies/bitcoin, the future potential halving of bitcoin, increases in the network difficulty rate and price of digital currencies/bitcoin, negative changes in the level of digital currency/bitcoin rewards per block, the securing of economic rates for the purchase of power, the opportunities for acquiring digital currency mining hardware, material adverse consequences of the COVID-19 pandemic; unanticipated changes in laws, regulations or other industry standards affecting the business of the Company; the effects of general economic and other factors beyond the control of the Company, and other matters that may occur in the future. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

For a complete discussion with respect to the Company and the risks associated with forward-looking statements, please refer to the Company’s financial statements and related MD&A, as well as other documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission and that Alberta Securities Commission, which are filed on SEDAR at www.sedar.com.

 

SOURCE:  Link Global Technologies Inc.

LINK GLOBAL TECHNOLOGIES (CSE: LNK) RECEIVES US$1 MILLION SECURITY DEPOSIT ON SIGNING OF POWER SUPPLY AGREEMENT FOR ITS SMART MINING PROGRAM

Vancouver, BC – June 18, 2020 – LINK GLOBAL TECHNOLOGIES INC. (CSE: LNK) (OTCPK: LGLOF)  (FRA: LGT) (“LINK” or the “Company”) announces that it has received a security deposit (the “Deposit”) in the amount of US$1 million on the signing of a Power Supply Agreement (the “Agreement”) with an arm’s length third party private investment fund (the “Client”).

 

Under the terms of the Agreement, the Company has agreed to supply the Client with SmartMiner computing power generated by Asics processors, configured for the purpose of supplying process computing power that meets the needs of digital currency software, in exchange for cash consideration at an agreed upon rate of kilowatts per hour.  The Company has agreed to deploy the Deposit to enter into third party agreements as may be necessary such that the Company will be able to supply to the Client the computing power noted above. The Company has agreed to return an amount equal to the Deposit to the Client in 12 equal monthly installments of US$83,333. The term of the Agreement is twelve months.

 

As previously announced on March 24, 2020, Link has secured up to 50 megawatts (MW) of electricity for its cryptocurrency mining community under a letter of intent with its partners in Alberta, allowing for 15,000 new generation machines.  This program plans on using approximately 3 MW of electricity.

 

Stephen Jenkins, Link President & CEO, comments “Link is extremely pleased with the signing of this Power Supply Agreement and securing the US$1 million required to execute the plan. This is the first commercial power supply agreement for our Alberta assets, and a key milestone that puts the Company on track to achieve profitability. Our team continues to execute on our core strategy of securing low cost, reliable power and supplying our partners with smart infrastructure and cost-efficient power solutions for their data hosting and digital mining operations. As we continue to acquire and expand our power assets, we are focused on securing new partnerships to facilitate the Company’s global expansion.”

 

About Link Global Technologies Inc.

 

Link is engaged in the business of providing infrastructure and operating expertise for digital mining operations. Link’s objectives include locating and securing, for lease and option to purchase, properties with access to low-cost reliable power and deploying this low-cost power to conduct digital mining and supply energy and infrastructure for other data-hosting services.

 

On behalf of Link Global Technologies Inc.

 

Robert Pirooz

Chairman

 

For more information visit http://linkglobal.io/ or contact:

Steve Jenkins

steve@linkglobal.io

+1-877-770-6545

 

Investors please contact:

info@linkglobal.io

+1-833-707-8708

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

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION. This news release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “forecast”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes”, or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “would”, “could”, “should” or “might” occur. Forward-looking statements made in this news release relate to: that this program plans on using approximately 3 MW of electricity; that the Agreement is a key milestone that puts the Company on track to achieve profitability; that the Company continues to execute on its core strategy of securing low cost, reliable power and supplying its partners with smart infrastructure and cost-efficient power solutions for their data hosting and digital mining operations; that as the Company continues to acquire and expand its power assets, it is focused on securing new partnerships to facilitate the Company’s global expansion; and other matters relating to the Company’s business plans.

 

All such forward-looking statements are based on the reasonable beliefs, expectations and opinions of the relevant management as of the date such statements are made; and are subject to risks, uncertainties, assumptions and other factors that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. In the case of the Company, these risks, uncertainties, assumptions and other factors include, without limitation, fluctuations in the price of electricity, fluctuations in the price of digital currencies/bitcoin, the future potential halving of bitcoin, increases in the network difficulty rate and price of digital currencies/bitcoin, negative changes in the level of digital currency/bitcoin rewards per block, the securing of economic rates for the purchase of power, the opportunities for acquiring digital currency mining hardware, material adverse consequences of the COVID-19 pandemic; unanticipated changes in laws, regulations or other industry standards affecting the business of the Company; the effects of general economic and other factors beyond the control of the Company, and other matters that may occur in the future. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

For a complete discussion with respect to the Company and the risks associated with forward-looking statements, please refer to the Company’s financial statements and related MD&A, as well as other documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission and that Alberta Securities Commission, which are filed on SEDAR at www.sedar.com.

 

Source:  Link Global Technologies Inc.

 

Link Global (CSE:LNK) Announces Correction to News Release Announcing Grant of Stock Options

Vancouver, BC – May 25, 2020 – LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK) (CNSX:LNK.CN)FRA:LGT) (OTC:LGLOF) (“LINK” or the “Company”) advises that, contrary to its news release of May 19, 2020, no stock options were granted.

 

The Company announces it has now granted 579,728 stock options to purchase up to 579,728 common shares of the Company to one officer and three consultants of the Company. Of the 579,728 options, 395,269 vestas to 12.5% every three months for 2 years following the date of grant and are exercisable for a period of 5 years from the date of grant at a price of $0.37 per common share and 184,459 vest immediately upon the grant and are exercisable for a period of 2 years from the date of grant at a price of $0.37 per common share. The options and the common shares issuable upon the exercise of the options held by the optionees are subject to a hold period of four months from the date of grant of the stock options.

 

About Link Global Technologies Inc.

Link is engaged in the business of providing infrastructure and operating expertise for digital mining operations. Link’s objectives include locating and securing, for lease and option to purchase, properties with access to low-cost reliable power and deploying this low-cost power to conduct digital mining and supply energy and infrastructure for other data-hosting services.

 

On behalf of Link Global Technologies Inc.

Robert Pirooz

Chairman

For more information visithttp://linkglobal.io/or contact:

Stephen Jenkins

stephen@linkglobal.io

+1-877-770-6545

 

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

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION.This news release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward- looking statements consist of statements that are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “forecast”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes”, or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “would”, “could”, “should” or “might” occur.

 

All such forward-looking statements are based on the reasonable beliefs, expectations and opinions of the relevant management as of the date such statements are made; and are subject to risks, uncertainties, assumptions and other factors that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. In the case of the Company, these risks, uncertainties, assumptions and other factors include, without limitation, fluctuations in the price of electricity, fluctuations in the price of digital currencies/bitcoin, the future potential halving of bitcoin, increases in the network difficulty rate and price of digital currencies/bitcoin, negative changes in the level of digital currency/bitcoin rewards per block, the securing of economic rates for the purchase of power, the opportunities for acquiring digital currency mining hardware, material adverse consequences of the COVID-19 pandemic; unanticipated changes in laws, regulations or other industry standards affecting the business of the Company; the effects of general economic and other factors beyond the control of the Company, and other matters that may occur in the future. No assurancecan be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

For a complete discussion with respect to the Company and the risks associated with forward-looking statements, please refer to the Company’s financial statements and related MD&A, as well as other documents filed from time to time with the Canadian Securities Exchange and the British Columbia Securities Commission, which are filed on SEDAR atwww.sedar.com.

About Link Global Technologies


Link is engaged in the business of providing infrastructure and operating expertise for digital mining operations.Link’s objectives include locating and securing, for lease and option to purchase, properties with access to low-cost reliable power and deploying this low-cost power to conduct digital mining and supply energy and infrastructure for other data-hosting services.

 

LINK seeks to maximize the potential of today’s technologies through innovative power solutions.

Smart Infrastructure

 

We build and manage semi-portable, self-contained power solutions (containers) that can be rapidly deployed in virtually any environment.

 

Digital Mining

 

Our low cost, energy efficient smart infrastructure allows us to provide industry-leading digital mining services to third parties.

 

Energy Innovation

 

We are committed to developing innovative energy solutions that improve the performance of today’s most disruptive and relied upon technologies.


 

TEAM

 

Stephen Jenkins
President & Director

 

Mr. Jenkins holds a Master’s Degree in Environmental Management from the Royal Roads University and has served as partner at Energies du Futur SA (2014-2017). He is currently the President and Director of Link Global Technologies and has twice been recognized at the United Nations in New York for innovation in the environmental field.

 

Robert Pirooz
Director

 

Mr. Pirooz is currently a member in good standing of the Law Society of British Columbia. He has served as executive chair of Network Media Group Inc., a company listed on the TSX Venture Exchange, and since November 2009, has also served as a director of RIWI Corp., a company listed on the CSE.

 

Kevin Ma
Director

 

Mr. Ma is a CPA with over 15 years of experience in corporate finance, mergers & acquisitions, senior executive advisory, and working with TSX Venture Exchange and Exchange listed companies. He is also a partner and director of Calibre Capital Corp., a private merchant bank and advisory firm.

 

 


 

Our semi-portable, energy efficient container data centers are powered by the world’s latest machine technologies.

 

Boardman, Oregon

 

Our Oregon location features two 40 ft. containers for a total of 900 machines. This facility is strategically located within the West Coast power grid, one of the most stable power grids in the world.

 

Trail, British Columbia

 

Our B.C. facility features 550 machines co-located within an existing data centre in the i4C innovation building, “Canada’s first Industry 4.0 hub.” This location provides us with access to low-cost power while situating us amongst some of Canada’s most innovative tech ventures.

 

Source:  https://www.linkglobal.io/

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This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

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