CryptoBlox Signs Definitive Agreement to License Modular Renewable Energy Powered Mining Infrastructure Patent Rights for Four Years
Vancouver, B.C., Nov. 20, 2023 (GLOBE NEWSWIRE) — CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to announce that it has entered into a patent license agreement (the “Agreement”) with Crypto Green Tech Inc. (“Crypto Green”), an Ontario corporation, whereby CryptoBlox has acquired a four-year royalty-free, assignable, worldwide license (the “License”) to develop and distribute products based on Crypto Green’s crypto-mining hybrid solar and wind tree with water reservoir system (the “Renewable Energy Powered Crypto Mining Technology” or the “Technology”). Crypto Green holds the rights to a patent application submitted with the International Bureau of WIPO (the “Patent Rights”) respecting the Renewable Energy Powered Crypto Mining Technology. The License is a significant step towards further expanding CryptoBlox’s off-grid, alternative energy powered digital asset mining infrastructure.