CryptoBlox Technologies Inc. announced further to its news release dated November 20, 2023 that it has completed the transactions set out under its patent license agreement with Crypto Green Tech Inc. by acquiring a four-year royalty-free, assignable, worldwide license to develop and distribute products based on Crypto Green's crypto-mining hybrid solar and wind tree with water reservoir system. As mentioned in the Prior Release, Crypto Green holds the rights to a patent application submitted with the International Bureau of WIPO respecting the Renewable Energy Powered Crypto Mining Technology. The License marks a significant step towards further expanding CryptoBlox's off-grid, alternative energy powered digital asset mining infrastructure.

Both CryptoBlox and Crypto Green share a common dedication to environmental responsibility and technological innovation, paving the way for a greener future that is powered by sustainable, off-grid energy and further monetized by the blockchain economy through the profitable mining of cryptocurrencies. Having harnessed the technology developed by Crypto Green, CryptoBlox is now poised to diversify and scale its off-grid energy asset infrastructure. The recent uptick in the crypto market, catalyzed by the expected Bitcoin ETF approval and the subsequent quadrennial Bitcoin Halving event, has primed the landscape surrounding the next phase of digital asset adoption.

Following the approval of a Bitcoin ETF, the Company expects a new wave of liquidity will enter the market, which will in turn vastly increase market volatility. At that point, CryptoBlox aims to be in control of significant inexpensive energy infrastructure such that any digital asset mining operations powered by the Company will have a higher likelihood of remaining profitable. The closing of the Agreement marks a significant milestone for CryptoBlox as it continues investing in energy-efficient solutions and environmentally friendly mining infrastructure, aligning with its vision of promoting a future where blockchain ecosystems are greener and more sustainable.