Bitcoin Well is looking for acquisitions. 1739001 Alberta Ltd., operating as Bitcoin Well, has completed the previously announced private placement resulting in aggregate gross proceeds of $7-million on June 8, 2021. Canaccord Genuity Corp. (the "Agent") acted as agent for the Private Placement, through which Bitcoin Well issued 2,800,000 subscription receipts of Bitcoin Well at a price of CAD 2.50 each. Each Subscription Receipt entitles the holder thereof to receive, without payment of any additional consideration or further action on the part of the holder, one unit of Bitcoin Well (a "Unit"), comprised of a common share and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). In connection with closing of Red River's arm's length qualifying transaction (the "Qualifying Transaction"), which was previously announced on June 2, 2020 and September 14, 2020, all of the Common Shares and Warrants comprising the Units will be adjusted on a ten for one basis in each case, resulting in an effective issue price of $0.25 per common share and effective exercise price of $0.375 per Warrant. Bitcoin Well intends to use the net proceeds from this Private Placement to increase working capital inventory and accelerate global expansion through organically increasing the number of deployed ATMs, along with pursuing highly synergistic asset or corporate acquisition opportunities.