e스포츠 게임 CryptoFights 제작사 Kronoverse, Calvin Ayre로부터 추가 투자 확보

Bitcoin SV(BSV) 블록체인의 지원을 받는 전투 게임 CryptoFights의 제작사인 독립 게임 개발 회사 Kronoverse Inc.은 Calvin Ayre로부터 2차 투자를 확보했습니다. Calvin은 온라인 게임 기업가이자 BSV 뉴스 및 채굴 회사 CoinGeek의 창업자입니다.

CryptoFights 게임 네트워킹 레이어를 기존 클라우드 서버에서 BSV 블록체인으로 교체하는 Kronoverse 플랫폼을 활용합니다. 이는 e스포츠 생태계에 투명하고 공정한 방식을 제시하여 게임의 무결성을 확보하는 방식으로 게임을 위한 엄청난 혜택의 빗장을 엽니다

게임은 BSV 블록체인 활용도와 거래량에도 획기적인 증진을 제공합니다. BSV 체인은 이제 날씨 자료, 비디오 스트리밍, 소셜 미디어 플랫폼 및 공급망 기술을 비롯한 다양한 각종 회사를 수용합니다. 이렇듯 다양한 회사들이 BSV 블록체인을 사용하는 이유는 무엇일까요? 변경할 수 없는 원장일 뿐만 아니라 초당 막대한 수의 거래, 그리고 현재 다른 체인과 달리 수많은 형식의 데이터를 수용할 수 있도록 확장되기 때문입니다.

Kronoverse의 CryptoFights는 몇 가지 최첨단 방식으로 BSV 블록체인을 사용합니다. 

• 게임플레이가 네트워킹 레이어에서 BSV 블록체인을 사용합니다.
• 플랫폼이 온라인 게임 전투를 BSV 블록체인에 기록하여 영원히 액세스할 수 있습니다.
• 곧 플레이어들이 BSV 블록체인의 데이터를 사용하여 과거의 모든 게임을 재생할 수 있게 됩니다.
• 비트코인이 디지털 서명의 체인을 기반으로 하는 것과 같이, 게임은 디지털 서명 체인을 사용하여 플레이어 움직임들을 한데 연결하여 게임플레이의 영구적인 감사 내역을 만듭니다.
• 새로운 레이어의 실시간 통계를 추가하여 게임플레이를 강화할 수 있도록 엄청난 양의 게임 데이터가 사용될 수 있습니다.

이러한 속성으로 인해 CryptoFights는 경쟁 플레이용으로 잘 자리매김하게 되었으며, e스포츠 업계에 혁명을 가져올 수 있습니다.

Kronoverse 수석 아키텍트이자 다가오는 서울에서의 코인긱 컨퍼런스의 연사인 David Case는 다음과 같이 설명합니다. “CryptoFights 게임은 매일 종일 벌어지고 있으며, 이는 곧 BSV가 우리를 위한, 그리고 엄청난 양의 데이터를 변경 불가하게 저장해야 하는 모든 이들을 위한 최고의 솔루션일 수밖에 없는 이유인, 저장해야 할 수많은 데이터입니다. Calvin으로부터 받는 지원이 커지면 제품 제공을 확대할 수 있을 뿐만 아니라, BSV 체인이 비즈니스를 위해 할 수 있는 일들을 보여줄 수도 있습니다.

Calvin Ayre은 다음과 같이 말했습니다. “e스포츠는 지난 몇 년 동안 괄목할 만한 성장을 보여주었으며, 그러한 현상이 조만간 약화하리라는 징후는 없습니다. 따라서 추가로 투자하는 것이 현명하다고 봅니다. BSV가 확장되어 현재 실제 이용을 제공하는 이유를 이해하고자 하는 사업체가 있다면 10월 1~2일 서울에서 열리는 컨퍼런스에 반드시 오셔야 합니다. 블록체인 기술이 실제로 할 수 있는 일에 대한 식견을 얻을 수 있을 것입니다.”

Kronoverse, creators of eSports game CryptoFights, secure further investment from Calvin Ayre

Kronoverse Inc., the independent game-development company behind the CryptoFights fighting game, powered by the Bitcoin SV (BSV) blockchain, has secured a 2nd round of investment from Calvin Ayre. Calvin is an online gaming entrepreneur, and founder of the BSV news and mining company, CoinGeek.

CryptoFights utilizes the Kronoverse platform which replaces the games networking layer from traditional cloud servers to the BSV blockchain. This unlocks massive benefits for gaming by giving the eSports ecosystem a transparent and fair way to have game integrity. 

The game provides another significant boost to BSV blockchain usage and transaction volume. The BSV chain now accommodates all sorts of different companies including weather data, video streaming, social media platforms, and supply chain technology. Why are all these diverse companies using the BSV blockchain? Because it is not only an immutable ledger but it also scales to accommodate vast numbers of transactions per second and many forms of data, right now, unlike any other chain.

Kronoverse’s CryptoFights will use the BSV blockchain in several cutting-edge ways: 

The gameplay uses the BSV blockchain in its networking layer

The platform will record online game battles to the BSV blockchain, so they can be accessed forever

Soon players will be able to replay all their past games using data from the BSV blockchain

Much like Bitcoin is based upon a chain of digital signatures, the game will use a chain of digital signatures to link together player moves to make a permanent audit trail of gameplay

Incredible amounts of game data can be used to further enhance gameplay by adding new layers of live statistics.

These attributes make CryptoFights well-positioned for competitive play, and can revolutionize the eSports industry.

Kronoverse Chief Architect David Case, a speaker at the upcoming CoinGeek Conference in Seoul, explains: “There are CryptoFights games happening all day every day and that is a lot of data to store which is why BSV is the best solution for us and really anybody who needs immutable storage of huge swathes of data. To have this increased support from Calvin allows us to not only expand our product offering but also showcase what the BSV chain can do for any business.”

Calvin Ayre commented: “eSports has seen phenomenal growth in the last few years and there is no sign of that abating any time soon and so the additional investment makes total sense. Any businesses wanting to understand why BSV is the chain that scales and offers real usage right now should come along to our conference in Seoul on October 1st & 2nd, it’ll open your eyes to what blockchain technology can really do.”

Squire Mining operations undergo temporary power outage

VANCOUVER, British Columbia, Sept. 20, 2019 (GLOBE NEWSWIRE) — Squire Mining Ltd. (CSE:SQR | FWB:9SQ | OTCQB:SQRMF) (the “Company”) announced that it has been informed by its hosting provider in Kazakhstan that the facilities housing the Company’s cloud computing fleet will undergo temporary power black-outs. The black-outs are the result of the hosting provider’s power supplier undertaking a necessary upgrade in the substation transformer supplying power to the facility. The upgrades are being carried out to address reliability issues prior to the upcoming winter season. The Company’s hosting provider has advised that the outage is expected to last between 10 and 14 days. During this time, some of the Company’s cloud computing fleet located in Kazakhstan will be non-operational and non-profitable for periods but will also accrue proportionally lower electricity costs during such times.

The Company is working with its hosting provider to minimize impact to its operations.

About Squire Mining Ltd.

The Company is a Canadian based technology company engaged, through its subsidiaries, in the business of operating, managing and developing cloud computing data infrastructure and system technology to support global blockchain applications related to Bitcoin SV, Bitcoin Core and other SHA-256 based digital assets.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes “forward-looking information” as defined under applicable Canadian securities legislation. Forward-looking information and statements include, but are not limited to, disclosure regarding possible events, that are based on assumptions about future economic conditions and courses of action. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, failure of plant, equipment or services relating to the upgrade to be completed as anticipated or that the upgrade may not be completed on time or at all, the costs to be incurred by the Company in connection to the upgrade and the ability of the Company to minimize impact of the disruption on operations. Actual results and future events could differ materially from those anticipated in such forward looking information. Accordingly, readers should not place undue reliance on forward-looking information. All forward looking information in this news release is made as of the date hereof and qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. Squire disclaims any intention or obligation to update or revise such forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

10월 1~2일르메르디앙에서개최되는 코인긱서울의연사로나서는샘지(Sam Chi)

서울 – 2019년 9월 12일 – 블록체인기업가로변모한글로벌엔터테인먼트업계의거물샘지(Sam Chi)가코인긱의네번째비트코인비즈니스콘퍼런스연사로확정됐습니다. 전세계금융및비트코인업계전문가들이흥미진진한비트코인 SV 블록체인개발에대한정보를얻기위해이행사에참석합니다.

비트코인 SV는(현재) 확장가능하고 (현재) 유용성을지닌블록체인을바탕으로한유일한코인으로서개발자들이토대로삼을수있는명확한프로토콜개발에전념하고있습니다.

호평을받은한국영화올드보이에투자하여주목을받은랜드마크엔터테인먼트의아시아대표샘지는한국계미국인디영화(Gook), 사우스바이사우스웨스트영화제에서상영된케이타운카우보이(Ktown Cowboys)등영어영화도제작했습니다. 최근에제작한영화로는애니메이션영화애니멀크래커스(Animal Crackers)로, 존크래신스키, 에밀리블런트, 대니드비토, 실베스터스탤론, 이안맥켈런이 출연했습니다.

이외에도샘은아메리칸아이돌의프로듀서사이먼풀러(Simon Fuller)와제휴하여최초의글로벌팝밴드인나우유나이티드(Now United)를제작하였습니다.

샘은블록체인업계에서채굴뿐아니라가장빠른채굴기계 “칩스”(현재 7나노)를제작했으며지구를더나은곳으로만들고자하는바람에서자신의모든자원을블록체인기술로이전할준비를하고있습니다.

전체연사목록확인: https://coingeek.com/conferences/seoul-conference/speakers/
행사아젠다확인: https://coingeek.com/conferences/seoul-conference/agenda/
티켓구매처: https://coingeek.com/conferences/seoul-conference/buy-tickets/

자세한내용은www.coingeekconference.com을확인하십시오. 서반구언론의경우, Susan von Seggern에게이메일([email protected]), 전화(+1-213-840-0077), 또는텔레그램으로문의하십시오. 동반구의경우 Ed Pownall에게이메일([email protected]) 또는전화(+44-7825-064776)로문의해주십시오.

Sam Chi confirmed to speak at CoinGeek, Seoul, October 1-2 @ Le Meridien

Seoul – September 12, 2019 – Global Entertainment guru turned-blockchain-entrepreneur, Sam Chi, is the most recent confirmed speaker at CoinGeek’s 4th bitcoin business conference. Professionals from all corners of the finance and bitcoin world are coming to learn about the exciting developments on the Bitcoin SV blockchain.

Bitcoin SV is the only coin with a blockchain that scales (now), has utility (now) and is committed to a set-in-stone protocol for developers to build on.

Sam Chi, principle of Landmark Entertainment Asia, noted for their investment in the acclaimed Korean film Oldboy, has also produced some English language films including Korean-American indies Gook, and Ktown Cowboys that premiered at the South by Southwest Film Festival. His most recent film is the mainstream animated feature Animal Crackers, starring John Krasinski, Emily Blunt, Danny DeVito, Sylvester Stallone and Sir Ian McKellen.

In addition to that, Sam has also teamed up with Simon Fuller (Producer of “American Idol”) to create the first global pop band, Now United.

Within the blockchain sphere Sam has invested not only in mining but has produced the fastest mining machine “chips” (7 nano as of today) and looks to move all of his resources into blockchain tech, in the hope of making the planet a better place.

For the complete speakers list please see https://coingeek.com/conferences/seoul-conference/speakers/. The agenda for the event is at https://coingeek.com/conferences/seoul-conference/agenda/. Tickets are available at https://coingeek.com/conferences/seoul-conference/buy-tickets/.

For more information please see www.coingeekconference.com. For press needs in the Western Hemisphere, please contact Susan von Seggern on [email protected], or +1-213-840-0077, or on Telegram Susan VonSeggern. For the Eastern Hemisphere please contact Ed Pownall on [email protected] or +44-7825-064776.

Bitcoin Association: Call for interest in new BSV Technical Standards Committee

In 2019, Bitcoin Association has so far sponsored two Bitcoin SV Wallet workshops, which have both been very productive. The first in February gave us the new Paymail protocol (to remove cumbersome Bitcoin addresses from the user experience); the second in August delivered a commitment from many parties to contribute to a wide range of technical standards for BSV.

Bitcoin Association would like to open up this workshop process to the wider ecosystem. The reason this hasn’t been done to date has been the need to protect intellectual property arising from the outputs of these cooperative efforts for the benefit of the Bitcoin SV ecosystem. The two prior Wallet Workshops were conducted on the understanding that their work product was kept confidential until such time as the outputs could be assessed for potential patentable subject matter, and if appropriate, filing of patent applications to protect any relevant inventions generated by the workshop. This was done for the benefit of the Bitcoin SV ecosystem, to prevent competing blockchain and technology platforms from using innovations from the workshops.

After the prior Wallet Workshops, we have determined that some patentable inventions were created and filed patent applications to protect them for free use on Bitcoin SV. To date, those patent filings have been funded by and held by nChain with the commitment to license them for free use on Bitcoin SV only (under Bitcoin Association’s Open BSV License). Going forward, any new patentable inventions or other protectable intellectual property arising from Bitcoin Association workshops will be held by the Bitcoin Association and made available for the benefit of the Bitcoin SV ecosystem (i.e. under the Open BSV License). It should be noted that none of the patentable inventions generated from the prior wallet workshops apply to the base Bitcoin protocol. The Bitcoin consensus protocol was defined 10 years ago and is all prior art. The Bitcoin SV commitment is to return to this original protocol and lock it down.

Even though the confidentiality expectation governing the Wallet Workshops has been time limited, it does present some challenges – namely the process of bringing in a wider audience for feedback and review of standards during the design phase is more cumbersome than we would like, and thus limits the contributing audience.

Additionally, we have identified a large range of subjects requiring standards development and we simply cannot achieve them all within the circle of people that were involved in the prior Wallet Workshops. Therefore, Bitcoin Association intends to create an industry Technical Standards Committee (TSC) to address many subjects: governance, people resources, process, and priorities for technical standards that will benefit growth of the entire BSV ecosystem.

It is very important to note that technical standards are not requirements. Bitcoin Association does not expect and cannot require all developers, projects or businesses to use any proposed standards. However, technology history has repeatedly demonstrated the value of seeking agreement on technical standards to fuel industry growth through compatibility.

We have much planning to do in order to establish a framework for this TSC. Whilst that may sound a bit process-heavy, the proposed TSC does require some proper planning to avoid some of the disarray, inactivity, and ineffectiveness we have seen in previous attempts to do this with BSV’s predecessors.

As such, in December, we would like to convene a small group in London to meet for several days and come up with a framework for the Technical Standards Committee. That group will likely also form the initial (but not exhaustive) membership of the TSC and be responsible for its implementation. Representation from across the Bitcoin SV industry is important for a body of this nature to be effective.

We are publishing this to announce our intention to create the TSC, and are now calling for expressions of interest from the wider Bitcoin SV society to participate in the TSC process. In order to be considered eligible, you must able to confidently commit to the following criteria:

• Strong technical knowledge of Bitcoin SV in at least one area (wallets, mining, node development, application development, data services, etc)
• Demonstrated track record of technical delivery
• Demonstrated commitment to building business
• To have both time and interest to take one or more standards or governance projects and drive them forward to completion
• To be able to commit time to attend both workshops and TSC governance meetings in person (travel will be funded by Bitcoin Association).
• Be comfortable with the idea of protecting intellectual property generated from the output of these processes, as long as such as IP is made available for free use only on the Bitcoin SV blockchain.

Bear in mind most of the people involved will be volunteering their time for the good of the wider BSV ecosystem. If you do not have the ability to commit a reasonable amount of time to managing a standards workgroup, you should not apply. Although some of the content of these workgroups will remain confidential to members for a short time, the overall process (and eventually the content) will all be transparently disclosed. Therefore, TSC members will be somewhat accountable to the public for their activity or lack of it.

Key items that need to be resolved at the inaugural meeting in December are:

1. Roadmap of application layer standards to be developed over the next 12 months.
2. Defining an easy process for entry to a workgroup along with easy opt-in to confidentiality requirements.
3. Creating a framework for technical workgroups including roles, responsibilities and operating procedures.
4. Appointing initial workgroup managers.
5. Creating a strategy to communicate workgroup goals and attract appropriately qualified and interested members.
6. The TSC leadership group (once determined) will also be responsible for the administration of further workshop sessions (similar in style to wallet workshops) throughout the year where they are deemed necessary to pushing a standard through to completion and implementation. Please note that logistical support for all of the above will be provided by Bitcoin Association.

We are calling for expressions of interest to attend the inaugural meeting in the first week of December 2019. The travel will be funded. It is intended to keep the working group reasonably small, so we expect that we cannot accommodate all requests. In order to apply, please email your expression of interest to [email protected] with an explanation of the reasons for your interest and your ability to commit time to the processes along with addressing all of the criteria stated above. The deadline for receiving EOI’s is Monday 23rd September 2019 and we will notify you whether your application is accepted within 7 days following the deadline.

Thank you to everyone who is helping to build the BSV. Collaborating together in healthy cooperative competition, we can see Satoshi Vision succeed.

Bitfarms announces first delivery in growth expansion plan, adding 205 PH/s of new computing power

Toronto, Ontario and Brossard, Québec – Bitfarms Ltd. (“Bitfarms”, or the “Company”) (TSXV: BITF), is pleased to announce that it has taken delivery of ~4,100 new generation miners which will be installed in Phase 1 of the Company’s new Sherbrooke computing centre. Installation has commenced, and once fully operational, the new mining hardware is expected to add approximately 205 petahash per second (“PH/s”) of new Bitcoin-focused computing power.

The T3 miners are manufactured by Innosilicon Technology Ltd., and each computer produces an average of 50 terahash (“TH”) per second of computing capacity while consuming approximately 3.1 kWh of energy, or 62 joules per TH. The T3 miners will consume, in aggregate, 12.7 megawatts of green surplus energy at Bitfarms’ fully-funded 30-megawatt (“MW”) Phase 1 & 2 operational expansion in Sherbrooke. The Company expects to have all new T3 miners operational within the next 2-3 days, resulting in a significant increase to Bitfarms’ computing power which will now total ~525 PH/s.

Expansion Highlights:

• 64% increase in computational capacity to ~525 PH/s, up from 320 PH/s outlined in the Company’s second quarter 2019 financial results, reported August 29th, 2019;
• 149% increase to computational capacity year-to-date;
• Aggregate installed capacity growing to approximately 41.7 MW, up from 28.7 MW;
• Overall operational efficiency improving to ~12.6 petahash per megawatt, making Bitfarms’ one of the most efficient publicly traded Canadian cryptocurrency miners in terms of computing power relative to electricity consumption;
• T3 hardware purchase represents ~40% of the US$11.1M in hardware purchases and deposits disclosed in the Company’s Q2 2019 financial reporting; and
• T3 mining hardware purchased from Chinese manufacturer Innosilicon is not subject to recent tariffs imposed on Chinese goods entering the United States, giving the Company a competitive advantage over its US based peers.

This delivery of ~4,100 T3 miners is the first of several batches of new generation SHA-256 miner deliveries which will be installed in the Company’s new Sherbrooke computing centre. Previously an abandoned hockey stick factory, the facility has been transformed into a modern state-of-the-art computing centre, repurposing the former manufacturing facilities. Subsequent hardware deliveries for Phase 2 at Sherbrooke, and further optimization of current facilities are scheduled throughout the third and fourth quarters of 2019. As previously disclosed, the Company has secured a total of 98MW of energy within the municipality of Sherbrooke which will be the focus of its expansion plans following Phase 1 & 2 completion.

“We are very pleased to share this update with our stakeholders”, commented Wes Fulford, Chief Executive Officer. “This initial shipment of new generation miners is yet another significant milestone for the Company. Our operations team has done an excellent job to complete the infrastructure development on time, and under budget. Once online, we will have successfully delivered the first phase of our Sherbrooke operational expansion which has been enabled by our US$20M credit facility announced last March. We look forward to bringing Phase 2 online in early Q4”.

“We are tremendously proud of our operational growth this year. In partnership with Hydro-Sherbrooke, Bitfarms has commenced operations at its 5th modern data centre, utilizing surplus hydroelectricity to power blockchain infrastructure facilitating the Bitcoin network. We remain confident in our view that the province of Québec is a leader in supporting this vital and burgeoning industry”, added Pierre-Luc Quimper, President and Founder.

About Bitfarms Ltd.

The Company owns and operates computing centres that power the global decentralized financial economy. Bitfarms provides computing power to cryptocurrency networks such as Bitcoin, earning fees from each network for securing and processing transactions. Powered by clean and competitively priced hydroelectricity, Bitfarms operates 5 computing centres in Québec, Canada. Bitfarms’ experienced management team includes industrial-scale data centre operators and capital markets professionals, focused on building infrastructure for the future by developing and hosting the ecosystem growing around blockchain-based technologies.

Cautionary Statement

Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company, are forward-looking information. Other forward-looking information includes but is not limited to information concerning: the intentions, plans and future actions of the Company, as well as Bitfarms’ ability to successfully mine digital currency, revenue increasing as currently anticipated, the ability to profitably liquidate current and future digital currency inventory, volatility in digital currency prices and the resulting significant negative impact on the Company’s operations, the construction and operation of expanded blockchain infrastructure as currently planned, and the regulatory environment of cryptocurrency in the Provinces of Canada.

Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.

This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The forward-looking statements contained in this press release are made as of the date of this press release. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.

Squire agrees to purchase companies with cloud computing assets totaling approx. 2,982 petahash to become one of the world’s largest public blockchain computing companies

VANCOUVER, British Columbia (GLOBE NEWSWIRE) — Squire Mining Ltd. (CSE:SQR | FWB:9SQ | OTCQB:SQRMF) (“Squire”) is pleased to announce that, further to its press release dated May 30, 2019, on August 29, 2019, Squire entered into a definitive share purchase agreement (the “Agreement“) with Mr. Calvin Ayre, Cunning Hams Limited (“Cunning Hams”), Tansley Equipment Limited (“Tansley”) and Woodland Technology Group Inc. (“Woodland”, and together with Cunning Hams and Tansley, the “Companies”) to purchase all of the issued and outstanding shares of the Companies (the “Transaction”). The Companies own and operate a fleet of cloud computing assets in Canada, the United States and China, representing approximately 2,892 petahash per second of computing power.

As consideration for the Transaction, Squire has agreed to: (i) issue to Mr. Ayre 80,000,000 common shares (the “Common Shares”) in the capital of Squire; (ii) issue to Mr. Ayre 827,000,000 non‐voting participating shares (“NVPS”, and together with the Common Shares, the “Shares”), a new class of shares to be created in the capital of Squire, subject to shareholder approval; and (iii) enter into a profit sharing agreement with respect to the assets of Cunning Hams (the “Cunning Hams Operations Agreement”). The aggregate consideration payable to Mr. Ayre in respect of the Transaction will be subject to adjustment for operational pre‐payments made by the Companies for future use of electricity as at the closing of the Transaction (“Closing”).

The board of directors of Squire has obtained a fairness opinion from Canaccord Genuity Corp., the financial advisor of Squire, that, as of the date of their opinion, and subject to the assumptions, limitations, and qualifications on which such opinion was based, the consideration to be paid by Squire pursuant to the Transaction is fair, from a financial point of view, to Squire.

Closing is subject to customary conditions, including: (i) approval of the Canadian Securities Exchange (the “CSE”) pursuant to CSE Policy 8 – Fundamental Changes & Changes of Business in connection with the transactions contemplated by the Agreement; (ii) CSE acceptance of a revised CSE Form 2A Listing Statement of Squire for the relisting of the Common Shares subsequent to the completion of the Transaction (the “Listing Statement”); and (iii) approval by a simple majority of the votes cast by the shareholders of Squire in respect of (a) an amendment to the articles of Squire to create NVPS; and (b) the Fundamental Change (as defined below) (the “Shareholder Approvals”), in each case at a shareholders’ meeting to be called by Squire (the “Shareholders’ Meeting”). Additional information on the status of filing the Listing Statement and the timing of the Shareholders’ Meeting is set out below.

The Companies and the Assets

The Companies, each of which is incorporated under the laws of Antigua and Barbuda, except for Woodland, which is incorporated under the laws of the Province of British Columbia, own and operate 198,621 ASIC blockchain cloud computers (the “units”), representing approximately 2,892 petahash of computing power, which, upon Closing, would make Squire one of the largest publicly traded blockchain computing companies globally, as measured by computing power. The units are all operated by leading hosting providers and are allocated across the United States, Canada, and China.

As part of the Transaction, Squire will also be welcoming to its team certain employees and consultants of CoinGeek Mining & Hardware, an affiliate of Mr. Ayre, involved with the management and operation of the assets.

The Consideration

At Closing, Mr. Ayre will receive 80,000,000 Common Shares and 827,000,000 NVPS of Squire, subject to adjustment. The NVPS, the creation of which is subject to the Shareholder Approvals, will be identical in all respects to the Common Shares other than that they will not be entitled to a vote at meetings of the shareholders of Squire unless required by law. Squire and Mr. Ayre will enter into a comprehensive share exchange agreement (the “Exchange Agreement”) and coattail agreement on or prior to Closing to provide for the Common Shares and NVPS to be treated equally in an event of a take‐over bid and other fundamental transaction.

The Transaction would result in Mr. Ayre having approx. 45% of the voting control of Squire. Under the terms of the Exchange Agreement, if at any time the percentage of Common Shares held by Mr. Ayre falls below 40% of the issued and outstanding Common Shares at that time, a number of NVPS shall be exchanged into an equal number of Common Shares until Mr. Ayre’s percentage ownership is 45% or there are no further NVPS outstanding. The parties have further agreed to amend the unsecured convertible debenture note issued in connection with Squire’s acquisition of Freschette Limited on Closing to provide for the shares issuable upon conversion of the debenture to be NVPS.

The Common Shares and NVPS issued to Mr. Ayre pursuant to the Transaction will be subject to the escrow policies of CSE. Additionally, Mr. Ayre has agreed not to dispose through the facilities of the CSE of any Common Shares or NVPS acquired by him pursuant to the Transaction for three (3) months subsequent to the Closing. Upon any sale of the NVPS, such NVPS shall be exchanged into an equal number of Common Shares of Squire on the closing of such transfer.

Following Closing, pursuant to the Cunning Hams Operations Agreement, Mr. Ayre and Taal Technologies SEZC (“Taal Tech”), the wholly owned operating subsidiary of Squire, will split the profits generated through the use of over 100,000 units owned by Cunning Hams that are located in China on the basis of approximately 65% for Taal Tech and 35% for Mr. Ayre.

Pursuant to the Agreement, Squire will enter into a prepayment agreement note for the repayment of prepaid expenses of the Companies with their hosting providers with respect to future electricity usage (the “PrincipalAmount”), payable in Bitcoin SV (BSV) to Mr. Ayre. Repayment commences one month after Closing and is recurring monthly for 5 months until paid in full. The Principal Amount outstanding from time to time will not bear interest.

Additional Details about the Transaction

The parties expect Closing to occur as soon as possible after the Shareholders’ Meeting. Following Closing, Squire expects to change its name to “Taal Distributed Information Technologies Inc.” and its ticker symbol on the CSE to “TAAL”.

Under the terms of the Agreement, either party may terminate the Agreement if (i) Closing does not occur by October 31, 2019, other than by reason of a material breach by the party terminating the agreement of his/its obligations under the Agreement; (ii) the Shareholder Approvals have not been obtained or if the Meeting in respect of the Shareholder Approvals has not been held by October 31, 2019 or it becomes reasonably apparent that the Shareholder Approval will not be obtained by October 31, 2019; or (iii) if approval of CSE in respect of the Transaction has not been obtained by October 31, 2019 or it becomes reasonably apparent that such approval will not be obtained by October 31, 2019. In such circumstances, Squire would be obligated to pay to Mr. Ayre liquidated damages equal to USD$1,000,000 and shall have no obligation thereafter.

Prior to Closing, at Squire’s request and subject to certain expense sharing between the parties and indemnification from Squire in respect of any extended period of non‐operation of such units, the Companies will cause certain of the units to be relocated from their current location for strategic reasons. Further information regarding the Transaction will be included in the information circular that Squire will mail in due course to its shareholders in connection with the Shareholders’ Meeting. The Agreement will be filed on the SEDAR profile of Squire on the SEDAR website at www.sedar.com.

CSE Stock Halt

As the Transaction would constitute a “fundamental change” (“Fundamental Change”) of Squire, as defined in CSE Policies, and, pursuant to CSE Policies, Squire’s stock has been halted and will remain halted at least until the meeting materials have been accepted by CSE, sent to shareholders of Squire for approval of the Fundamental Change and posted to CSE website. The halt is considered a Regulatory Halt as defined in National Instrument 23‐101‐Trading Rules.

Update regarding Shareholders’ Meeting

Further to the press release of Squire dated June 30, 2019, since the announcement of the Transaction, Squire has been working towards the completion of the Listing Statement as required pursuant to CSE Policies, a revised draft of which has been re-submitted by Squire to CSE for further review and approval. Squire will announce the new date for the Shareholders’ Meeting in due course.

“We are in the final stages of this long, anticipated transaction and the entire team is solely focused on closing this Transaction. We are working intensely with the regulator and third-party professional services to respond immediately requested revisions to continue to progress towards the finish line. We want to move past this, for us and our shareholders, as we are eager to operate at scale and take on new and exciting challenges that await us,” Angela Holowaychuk, Chief Executive Officer.

Advisors to the Parties

Canaccord Genuity Corp. is acting as exclusive financial advisor to Squire in respect of the Transaction.

Norton Rose Fulbright Canada LLP is acting as legal counsel to Squire. Fasken Martineau DuMoulin LLP is acting as legal counsel to Mr. Ayre, Cunning Hams, Tansley and Woodland.

Canaccord Genuity Corp. will be paid a success fee in connection with the Transaction, further details of which will be disclosed in the information circular in respect of the Shareholder Meeting.

Corporate Update

New Director Appointment

Squire is pleased to announce Michael Cella has joined the board of directors of Squire (the “Board”) as an independent director as of August 23, 2019. Mr. Cella has been appointed to the Board of Squire. Mr. Cella has over 30 years of corporate executive experience and has raised over $4 billion through private and public offerings for progressively larger and more complex companies. Currently Mr. Cella acts as President WCF Holding, LLC a business, financial and project development advisory services firm. Prior to this he was a director, Chief Financial Officer and Secretary of Global Alumina Corporation, a TSX listed company formed to pursue a $5 billion dollar integrated bauxite mine and alumina refinery in the Republic of Guinea. Mr. Cella received his Master of Management degree in Finance and Management Policy, 1980 from J. L. Kellogg Graduate School, Northwestern University. Mr. Cella has been named to the audit committee of the Board, effective immediately.

“I am delighted to join Stefan, Angela and the other members of Squire Mining’s board of directors, and look forward to serving Squire’s shareholders as an independent member of the board as we position Squire to take full advantage of the growing opportunities in blockchain computing.”

Appointment of CEO and President and Corporate Secretary

The Board has resolved on August 13, 2019, that Angela Holowaychuk has been appointed President and Chief Executive Officer, in a permanent capacity, effective immediately. The Board has also resolved, effective August 23, 2019, to appoint Joseph Chin, the Chief Operating Officer of Squire, to the additional position of Corporate Secretary.

About Squire Mining Ltd.

Squire is a Canadian based technology company engaged, through its subsidiaries, in the business of developing and operating cloud computing data infrastructure and system technology to support global blockchain applications related to Bitcoin SV, Bitcoin Core and other associated SHA‐256 derived digital assets.

About CoinGeek Mining & Hardware

CoinGeek Mining & Hardware operates a global fleet of ASIC cloud computers that provide their hash power to secure and scale the Bitcoin SV enterprise‐grade blockchain. CoinGeek’s professional team has developed industry leading practices to ensure its mining fleet operates at peak performance whilst optimizing its cost profile to maximize profitability.

For further information contact:
Angela Holowaychuk
Chief Executive Officer
(Office Telephone: +1 800‐371‐2809)

CSE accepts no responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD‐LOOKING INFORMATION:

This news release includes “forward‐looking information” as defined under applicable Canadian securities legislation. Forward‐looking information and statements include, but are not limited to, disclosure regarding possible events, that are based on assumptions about future economic conditions and courses of action, and, in certain cases, can be identified by the use of words such as “potential”, “propose”, “aim”, “depend”, “seeks”, “plans”, “expects”, “is expected”, “intends”, “anticipates”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “can”, “could”, “should”, “shall”, “would”, “might” or “will”, or the negative forms of any of these words and other similar expressions. Forward‐looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward‐looking information. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, future demand for Bitcoin SV, Bitcoin Core and other digital assets and risks related to the mining thereof, when and if halving of Bitcoin will take place and the impact such halving will have on profitability, the ability to increase block size and the effects of such increases, integration issues, the timing for release of the halt of trading of the Common Shares on the CSE, personnel and staffing requirements and technological change and obsolescence and risks that the Transaction will not be completed or will not be completed on the same terms or in the time provided or that conditions to closing in respect of the Transaction will not be satisfied including without limitation: required Shareholder Approvals; the timing of when the information circular in respect of the Shareholders’ Meeting will be made available to the shareholders of Squire; the timing of the Shareholders’ Meeting; certain termination rights available to the parties under the Agreement; Squire obtaining the necessary approvals from CSE for the listing of the Common Shares in connection with the Transaction and acceptance of the Listing Statement by CSE, as well as the timing thereof; the timing and completion of the change of name and ticker symbol of Squire; the timing of the completion of the Transaction, and other closing conditions, including compliance by the parties with various covenants contained in the Agreement, statements with respect to the effect of the Transaction on Squire and its strategy going forward, statements with respect to the anticipated benefits associated with the Transaction, the timing and completion of the acquisition of the transaction (on the terms presently contemplated or otherwise), or the negotiation, entering into and completion of any definitive agreements (on the terms presently contemplated or at otherwise). Actual results and future events could differ materially from those anticipated in such forward looking information. Accordingly, readers should not place undue reliance on forward‐looking information. All forward looking information in this news release is made as of the date hereof and qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. Squire disclaims any intention or obligation to update or revise such forward‐looking information, whether as a result of new information, future events or otherwise, except as required by law.

Bitcoin Association names former SBI Group executive Jerry David Chan as Japan and South Korea Manager to grow Bitcoin SV

Bitcoin Association has named Jerry David Chan one of its new managers in Asia. Most recently, Jerry spearheaded blockchain strategic initiatives at SBI Group, the financial technology conglomerate in Japan, and served as General Manager and Chief of Digital Asset Solutions. Based in Tokyo, his portfolio covers growth of Bitcoin Satoshi Vision (BSV) throughout Japan and South Korea – two key markets
for the Bitcoin industry. Jerry will also devote time to Singapore and Malaysia. His work will highlight the unique capabilities of the Bitcoin SV blockchain to developers, enterprises, miners, venture investors, and Bitcoin users.

Bitcoin Association is the global industry organization for the business of Bitcoin. It supports BSV as the only coin with a blockchain that significantly scales (now), has robust utility (now), and is committed to a set-in-stone protocol for developers to build on. BSV is also the only project that adheres to the original design of Bitcoin creator Satoshi Nakamoto. In short, BSV is Bitcoin.

Much like Bitcoin’s design leverages insight into many disciplines, Jerry brings comprehensive skillsets to the BSV’s ecosystem. Jerry is a 14-year veteran of Wall Street technology; before his tenure at SBI Group, he worked in New York and Tokyo at the technology departments of Goldman Sachs and JPMorgan FICC. Jerry’s experience bridges technology, economics, and how Bitcoin and blockchain innovations can be applied to real world business applications. He is a well-known Bitcoin thought leader, being a frequent and well-respected speaker and writer on Bitcoin and blockchain topics.  Jerry is a graduate of the University of Waterloo in Canada, with a degree in Electrical and Computer Engineering.

Jerry’s hire is another step in the global expansion of Bitcoin Association. Last week, the organization named Lise Li (former COO of Rawpool, a Bitcoin mining pool based in China) as its new China Manager.

Jimmy Nguyen, Founding President of Bitcoin Association, commented: “BSV is the ideal blockchain for enterprise applications, and Jerry is the ideal leader for BSV’s business growth in Japan and other key Asian countries. He knows what big corporates need, and can help organizations understand technically how to build BSV blockchain applications to solve those needs. Jerry is one of the most impressive and well-reasoned professionals working in Bitcoin, and enthusiastically supports the Satoshi Vision. I am thrilled to welcome him to the Bitcoin Association family.”

Jerry remarked: “As a long time fintech professional and Bitcoin enthusiast, I have always believed in the Satoshi Vision with its potential applications and exciting new developments that could benefit all aspects of society. After years of being disappointed as Bitcoin failed to scale, I’m excited to see BSV finally fulfil Bitcoin’s destiny to become the global enterprise blockchain. Bitcoin is my passion, and I thank Bitcoin Association for this opportunity to dedicate my full time to support BSV – what Bitcoin was always born to be.”

UPCOMING: COINGEEK SEOUL CONFERENCE – October 1-2

Come to Seoul, South Korea to learn about “The Power of BSV Scaling” and Bitcoin SV’s massively-scaled blockchain enables businesses to build more powerful applications. Join the top names in Bitcoin at the CoinGeek Seoul conference October 1-2.

Bitcoin Association hires Lise Li as China manager to grow Bitcoin SV in the region

Bitcoin Association has named Lise Li as its new China Manager. Lise is the former Chief Operating Officer of Rawpool, a Bitcoin mining pool in China. Based in Beijing, Lise will implement a comprehensive strategy for growth of Bitcoin Satoshi Vision (BSV) throughout China – a key market for the Bitcoin industry. This includes work to highlight the unique capabilities of the Bitcoin SV blockchain to developers, enterprises, miners, venture investors, and Bitcoin users.

Bitcoin Association is the global industry organization for the business of Bitcoin. It supports BSV as the only coin with a blockchain that significantly scales (now), has robust utility (now), and is committed to a set-in-stone protocol for developers to build on. BSV is also the only project that adheres to the original design of Bitcoin creator Satoshi Nakamoto. In short, BSV is Bitcoin.

Lise Li brings valuable China market experience and relationships to Bitcoin Association and BSV’s growth. At Rawpool, Lise’s responsibilities included a digital mining project, management of the mining pool operation, expanding customer accounts, and technical research and cryptocurrency industry analysis. Lise also worked for 8 years in the e-commerce industry. She holds a Bachelor’s Degree in Finance from the University of International Business and Economics in Beijing.

Reacting to her new role, Lise said: “I believe in Bitcoin SV because its scaling ability puts the BSV blockchain technologically far ahead of any other and enables more real use cases. That’s why I see more development teams and businesses across the world are building projects on BSV. I am tremendously honoured for the opportunity to join Bitcoin Association, and will contribute my experience with crypto mining and blockchain technology to help grow BSV’s ecosystem.”

Jimmy Nguyen, Founding President of Bitcoin Association, remarked: “It’s time for Bitcoin Association to expand globally, and Lise is a terrific choice to lead our China program. Lise is an enthusiastic supporter of BSV, has excellent technical knowledge of cryptocurrency mining, and brings wonderful connections throughout China’s Bitcoin and technology sectors. We are thrilled to welcome Lise to the Bitcoin Association family.”

UPCOMING:  COINGEEK SEOUL CONFERENCE – October 1-2

Come to Seoul, South Korea to learn about “The Power of BSV Scaling” and Bitcoin SV’s massively-scaled blockchain enables businesses to build more powerful applications. Join the top names in Bitcoin at the CoinGeek Seoul conference October 1-2. 

Squire enters into development agreement with nChain

VANCOUVER, British Columbia, Aug. 07, 2019 (GLOBE NEWSWIRE) — Squire Mining Ltd. (CSE:SQR | FWB:9SQ | OTCQB:SQRMF) (“Squire”) is pleased to announce it has entered into a continuous development and services agreement (the “Agreement”) with leading U.K. blockchain research and development firm nChain Limited (“nChain”) to collaborate and develop leading blockchain software solutions.

With the recent acquisition of custom cloud computing management and pooling software and source code (called “Taal Orchestrator”) announced on May 2, 2019, Squire plans to enhance this software solution in collaboration with nChain to create operational performance optimization, efficiencies and internal controls. Taal Orchestrator conducts and coordinates pools of cloud computing assets providing full visibility and transparency to end-users to track performance and perform other functions previously unavailable to industry participants.

Squire and Core Scientific will also work with nChain to develop the Bitcoin SV based blockchain supply management, distribution and public pooling solution (the “Distribution Platform”) announced on June 4, 2019. The Distribution Platform is a modular system encompassing:

• an e-commerce platform based on blockchain technology with an auditable ledger of actions
• unique digital tokens representing physical cloud computing assets providing an access and control framework with real-time tracking capability
• complete asset life cycle history
• enhanced software management and end-user interface

We are very excited to be working with Squire to develop next generation cloud computing software solutions,” said David Washburn, CEO of nChain. “Squire is at the forefront of the rapidly changing blockchain infrastructure landscape, and nChain looks forward to partnering with Squire as they obtain a leadership position in this space.

“nChain is very well known for thought leadership and innovative intellectual property in this space. We are very eager to get around the table with this group and start building leading technology that will not only benefit our operations but provide so much value to future enterprise clients entering the blockchain space,” Angela Holowaychuk, Interim CEO of Squire Mining.

About nChain Limited

nChain is a global leader in advisory, research, and development of open blockchain technologies. Established in 2015, the U.K.-based company is one of the most active developers of intellectual property and software in the blockchain space, with a focus on bringing to market enterprise-grade open blockchain solutions for global business.

About Squire Mining Ltd.

Squire is a Canadian based technology company engaged, through its subsidiaries, in the business of developing and operating cloud computing data infrastructure and system technology to support global blockchain applications related to Bitcoin SV, Bitcoin Core and other associated SHA-256 derived digital assets.

About Bitcoin SV

Bitcoin Satoshi Vision (BSV) is the only Bitcoin implementation that follows Bitcoin’s original design, protocol and vision, as expressed by its creator Satoshi Nakamoto. Squire supports the BSV roadmap as it is the only project that aims to enable massive blockchain scaling by significantly increasing the Bitcoin block size so blocks can fit much more transactions and data and thus generate more transaction fees for miners, and outlines for the crypto mining sector why massive blockchain scaling is important for the entire interrelated Bitcoin ecosystem. Dr. Craig S. Wright, who serves on Squire’s strategic advisory board, has been issued U.S. copyright registrations, as author under the pseudonym Satoshi Nakaomoto, for the original Bitcoin white paper and most of the original Bitcoin code. 

Bitcoin SV headline sponsor of Pool Premier League live on FreeSports

Prize money will be paid in Bitcoin SV

The International Professional Pool Association (IPA) have agreed a sponsorship package with Bitcoin SV enthusiast and promoter, Calvin Ayre, for their upcoming Bitcoin SV Premier League live at: Freeview 64, Sky 422, Virgin 553.

BSV is the only coin with a blockchain that significantly scales (now), has robust utility (now), and is committed to a set-in-stone protocol for developers to build on. BSV is also the only coin that adheres to the original Bitcoin white paper. In short, BSV is Bitcoin.

Bitcoin SV Premier League

• Starts 730pm (UK time) Monday, 5th August

• 45 hours prime time TV coverage

• 15 weeks continuous coverage

• Player prize money paid in Bitcoin SV

Kevin Barton, Chairman of the IPA, commented: “Pool is one of the world’s only truly global sports and it great to have a new sponsor on-board that is a ground-breaker in financial technology. I am on a steep learning curve at the moment but the world of Bitcoin SV is fascinating.”

Calvin Ayre, founder of CoinGeek a Bitcoin SV news portal and mining venture, added: “This is huge opportunity to get the BSV message out in front of a mass audience and as a person who’s visited the odd bar over the years I’m looking forward to watching how pool should really be played.”

If you’d like to hear more about BSV head to CoinGeek.com or see it live in Seoul, Korea October 1st & 2nd.