Quarry Dynamics Announces Mining Hardware Acquisition

 
TORONTO - Aug. 25, 2021 - PRLog -- Quarry Dynamics Inc.  ("QD", "Quarry" or the "Company"), a Canadian-based crypto mining operations company, is pleased to announce the acquisition of computing power hardware providing a 1,000 total hash rate (TH/s) using the latest generation application-specific integrated circuit (ASIC) miners.

The Quarry executive team believes this acquisition will augment QD's goals for future expansion and revenue generation, with an estimated contribution of $ 123,019 USD per month in self-mining revenue.  (Source: https://www.cryptocompare.com/ Mining metrics are calculated based on a Bitcoin (BTC) – USD exchange rate of 1 BTC = $ 49,857.99 updated at 2021-08-23 11:15 EDT)

Quarry leadership is currently entering into additional negotiations relating to location and operations.  QD anticipates these negotiations will position Quarry to meet 2021 growth milestones and strategically align the Company to successfully meet 2022 revenue and operational expectations.

About Quarry Dynamics Inc.

Quarry Dynamics Inc. is a Canadian-based cryptocurrency mining company, focusing on supporting the Bitcoin mining sector through rapidly expanding industrial scale renewable energy mining facilities and services. Quarry is passionate about the future of Bitcoin and Blockchain technology and strives to be a driver for adoption and enhancements in its future.

For more information on Quarry Dynamics visit: www.quarrydynamics.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements". Forward-looking statements can be identified by words such as: "intend," "believe," "estimate," "expect," "strategy," "future,"  "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements made regarding expected operating results and management's belief that the Company has or will have sufficient liquidity to fund business operations. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company's current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of the Company's control. The Company's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, no reliance should be placed on any of these forward-looking statements. Important factors that could cause the Company's actual results and financial condition to differ materially from those indicated in the forward-looking statements. Any forward-looking statement made in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments, or otherwise.

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Tags:Bitcoin
Industry:Technology
Location:Toronto - Ontario - Canada
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