logo
BlockQuarry Announces Development of Proprietary U.S.-Made Bitcoin Miners

BlockQuarry Announces Development of Proprietary U.S.-Made Bitcoin Miners

Globe and Mail13-05-2025

HOUSTON, May 13, 2025 (GLOBE NEWSWIRE) -- BlockQuarry Corp. (OTCMKTS: BLQC), a leader in blockchain infrastructure and sustainable digital mining, today announced the initiation of development for its own proprietary U.S.-manufactured ASIC Bitcoin mining platform under the internal codename 'BLQCBuster.'
This strategic initiative is expected to position BlockQuarry as a key player in the reshoring of crypto-mining hardware manufacturing, while laying the groundwork for new long-term revenue streams and technological independence.
Key Elements of the BLQCBuster Program Include:
U.S.-based design, PCB fabrication, final assembly, and technical support operations.
Select international sourcing of components to ensure optimal performance and supply chain efficiency.
Initial production targeting internal deployment, with potential expansion into commercial sales in future phases.
'Our vision with BLQCBuster is to create a sustainable, secure, and high-performance mining platform tailored to the evolving needs of the U.S. market,' said Gregg Boehmer, CEO of BlockQuarry. 'We believe this initiative will give us greater control over our mining ecosystem and the flexibility to scale with demand as the digital asset sector matures.'
BlockQuarry anticipates that the BLQCBuster platform will strengthen its competitive position by offering a domestically-supported alternative to foreign-manufactured mining hardware, a move that aligns with increasing national focus on supply chain resilience and tech sovereignty.
'We see BLQCBuster as a foundational step in the future of our company,' Boehmer added. 'As we explore new revenue opportunities, including potential third-party sales, this program could play a critical role in BlockQuarry's long-term growth strategy.'
Further updates on BLQCBuster's technical specs, testing phases, and commercial deployment opportunities are expected over the coming quarters.
About BlockQuarry Corp.:
BlockQuarry Corp. (OTCMKTS: BLQC) is a U.S.-based energy and infrastructure company focused on cryptocurrency hosting and self-mining operations. Through strategic partnerships, sustainable power solutions, and vertically integrated infrastructure, BlockQuarry delivers innovative mining services aligned with emerging technologies and market trends.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, expectations regarding the development, production, and potential commercialization of the BLQCBuster mining platform, as well as the company's future growth, strategy, and market position. These forward-looking statements are subject to risks and uncertainties, including market conditions, regulatory changes, supply chain constraints, and other factors that could cause actual results to differ materially. BlockQuarry Corp. undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

G7 agrees to exempt U.S. companies from higher taxes
G7 agrees to exempt U.S. companies from higher taxes

Globe and Mail

time2 hours ago

  • Globe and Mail

G7 agrees to exempt U.S. companies from higher taxes

The United States and the Group of Seven nations have agreed to support a proposal that would exempt U.S. companies from some components of an existing global agreement, the G7 said in a statement on Saturday. The group has created a 'side-by-side' system in response to the U.S. administration agreeing to scrap the Section 899 retaliatory tax proposal from President Donald Trump's tax and spending bill, it said in a statement from Canada, the head of the rolling G7 presidency. The G7 said the plan recognizes existing U.S. minimum tax laws and aims to bring more stability to the international tax system. Opinion: The G7 is dead – time to move on to the G6 U.K. businesses are also spared higher taxes after the removal of Section 899 from Mr. Trump's tax and spending bill. Britain said businesses would benefit from greater certainty and stability following the agreement. Some British businesses had in recent weeks said they were worried about paying substantial additional tax due to the inclusion of Section 899, which has now been removed. 'Today's agreement provides much-needed certainty and stability for those businesses after they had raised their concerns,' Britain's finance minister Rachel Reeves said in a statement, adding that more work was needed to tackle aggressive tax planning and avoidance. G7 officials said that they look forward to discussing a solution that is 'acceptable and implementable to all.' In January, through an executive order, Trump declared that the global corporate minimum tax deal was not applicable in the U.S., effectively pulling out of the landmark 2021 arrangement negotiated by the Biden administration with nearly 140 countries. He had also vowed to impose a retaliatory tax against countries that impose taxes on U.S. firms under the 2021 global tax agreement. This tax was considered detrimental to many foreign companies operating in the U.S.

Microsoft Stock (MSFT) Hits All-Time High as AI Trade Comes Roaring Back
Microsoft Stock (MSFT) Hits All-Time High as AI Trade Comes Roaring Back

Globe and Mail

time3 hours ago

  • Globe and Mail

Microsoft Stock (MSFT) Hits All-Time High as AI Trade Comes Roaring Back

Microsoft's (MSFT) stock is at an all-time high on June 27 and on the cusp of breaking above $500 a share as the artificial intelligence (AI) trade comes roaring back. Confident Investing Starts Here: MSFT stock was trading at $499.30 at noon hour and could close above $500 a share on a split adjusted basis. The current rally coming off April lows has pushed Microsoft's share price up 19% this year and put its market capitalization at $3.70 trillion, second only to Nvidia (NVDA) at $3.84 trillion. Analysts and traders on Wall Street are now debating which technology giant will be the first to reach a $4 trillion market cap, Microsoft or Nvidia. Several analyst have also been raising their ratings and price targets on MSFT stock during its current bull run. Wedbush tech analyst Daniel Ives recently raised his price target on Microsoft's shares to $600 from $515 while reiterating a Buy rating on the stock. Bullish Sentiment Analysts and investors are turning increasingly bullish on Microsoft as sentiment towards artificial intelligence (AI) again turns positive. The Seattle-based technology giant's share price has also been rising since the company reported strong first-quarter financial results in May that showed hefty growth in the Azure cloud computing unit. More recently, reports have surfaced that the Windows maker is planning to cut thousands of jobs as it looks to reduce its labor costs while increasing its AI spending. Microsoft is seen as a leader in generative AI and is cascading the technology across its various business segments and consumer-facing products. Is MSFT Stock a Buy? Microsoft's stock has a consensus Strong Buy rating among 35 Wall Street analysts. That rating is based on 30 Buy and five Hold recommendations issued in the last three months. The average price target on MSFT stock of $521.41 implies 4.71% upside from current levels. Disclaimer & Disclosure Report an Issue

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store