on CRYPTO BLOCKCHAIN INDUSTRIES (EPA:ALCBI)
CBI and Blockware expand partnership
Crypto Blockchain Industries (CBI) and Blockware Solutions are strengthening their collaboration. The agreement allows Blockware to increase its stake in CBI from 0.5% to 9.9%. In exchange, Blockware agrees to be compensated in CBI shares for the sale of Bitmain ASIC mining servers.
This option is valid for ten years, depending on the pace of equipment deployment. This change aims to develop a fleet of Bitcoin mining servers at CBI, supported by Blockware's expertise.
The model provides for CBI to finance a portion of the equipment, with a return in Bitcoins mined at a reduced cost. Blockware, therefore, partially remunerates itself in CBI shares.
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