Author: Press Releases

Squire enters into development agreement with nChain

Vancouver, British Columbia – 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 UK-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.

Squire mining provides update to shareholders on its transaction to acquire cloud computing companies and notification of postponement of special meeting

Vancouver, British Columbia; July 30, 2019 – Squire Mining Ltd. (CSE:SQR | FWB:9SQ | OTCQB:SQRMF) (the “Company”) wishes to provide an update on its transaction announced on May 30, 2019 (the “Transaction Announcement”) to acquire all of the issued and outstanding shares of certain companies which own and operate a fleet of cloud computing assets representing approximately 2,985 petahash (the “Transaction”) and timing for the special meeting of shareholders of the Company (the “Shareholders Meeting”) previously scheduled for July 31, 2019.

Since the announcement of the Transaction, the Company has been working towards the completion of a revised Form 2A Listing Statement (the “Listing Statement”) as required pursuant to the policies of the Canadian Securities Exchange (“CSE”), a draft of which was filed by the Company for review by the CSE. Trading in the common shares of the Company is expected to remain halted until such time as the Company receives acceptance by the CSE of the Listing Statement.

The Shareholders Meeting which has been called to approve an amendment to the articles and notice of  articles of the Company to create non‐voting participating shares to be issued in connection with the Transaction (the “Amendment”) and the change of business (and fundamental change) pursuant to the Transaction (the “Shareholder Approvals”) has been postponed. The Company will announce the new date for the Shareholders Meeting in due course.

Clarification

As previously announced, the Transaction is subject to conditions to closing including receipt of CSE approvals and Shareholder Approvals. The Transaction Announcement erroneously stated the Amendment required approval by at least 66 2/3% of the votes cast by the shareholders of the Company at the Shareholders Meeting. The Company would like to clarify that the Amendment will require approval by a simple majority of the votes cast by the shareholders of Squire at the Meeting.

About Squire Mining Ltd.

Squire 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.

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

The 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.
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 cryptocurrencies and risks related to the mining thereof, integration issues, personnel and staffing requirements and technological change and obsolescence and risks that the conditions to closing in respect of the Transaction will not be satisfied. There are no assurances with respect to: whether the Transaction will be completed or completed on the same terms or in the anticipated time provided or that conditions to closing in respect of the Transaction will be satisfied including without limitation: obtaining approval and acceptance by the CSE of the revised Listing Statement; the timing for release of the halt of trading of the common shares on the CSE; the timing of the Shareholders’ Meeting; obtaining the required shareholder approval at the Shareholders’ Meeting; and the timing and completion of the Transaction (on the terms presently contemplated or 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.

Squire mining files amended business acquisition report

Vancouver, British Columbia; July 29, 2019 – Squire Mining Ltd. (CSE:SQR | FWB:9SQ | OTCQB:SQRMF) (“Squire”) today announced that it has filed an amended business acquisition report dated July 26, 2019 (the “Amended BAR”), relating to Squire’s acquisition of Freschette Limited that closed on May 2, 2019. The Amended BAR replaces and supersedes the previous business acquisition report of Squire filed on July 15, 2019.

The Amended BAR includes notice indicating that no auditor has reviewed the condensed interim financial  statements pursuant to National Instrument 51‐102 – Continuous Disclosure Obligations, and the  condensed interim financial statements for Freschette Limited have been amended to include comparatives as at December 31, 2018 and a revised statement of cash flows for the period from January 1, 2019 to April 30, 2019.

The Amended BAR can be viewed on SEDAR at www.sedar.com.

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.

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

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

Squire Mining announces appointment of Kevin Turner to advisory board

Vancouver, British Columbia; July 25, 2019 – Squire Mining Ltd. (CSE:SQR | FWB:9SQ | OTCQB:SQRMF) (the “Company”) is pleased to announce the appointment of B. Kevin Turner to the Company’s Advisory Board.

Mr. Turner has over 30 years of business experience. He is currently the President and CEO of Core Scientific, Inc., a leader in infrastructure and software solutions for artificial intelligence and blockchain technology, the Vice Chairman of Albertsons/Safeway and a member of the board of directors of Nordstrom. Mr. Turner was previously the Vice Chairman of Citadel LLC and the Chief Executive Officer of Citadel Securities. He served as Microsoft’s Chief Operating Officer from 2005 to 2016, where he led the company’s global sales, marketing and services and support organization of 55,000+ employees in more than 190 countries. Under his leadership, the sales and marketing group grew the company from US$35 billion to over US$91.9 billion in revenue in fiscal 2016.

Prior to Microsoft, Mr. Turner spent nearly 20 years at Wal‐Mart Stores, where he rose through the ranks and was named the youngest corporate officer ever at Wal‐Mart at age 29. He held various leadership positions at Wal‐Mart including becoming the Executive Vice President and Chief Information Officer for Wal‐Mart Stores, Inc.

Mr. Turner stated, “I am delighted to be joining the advisory board of Squire Mining and I am excited to work with Stefan Matthews and the Squire management team in this exciting space.” Stefan Matthews, Chairman of the Company, commented, “We are grateful for the addition of Mr. Turner to our advisory board and believe that his experience, expertise and advice will assist Squire in developing strategy for long term growth and expansion. Core Scientific will be a key partner in platform development and hosting solutions and Mr. Turner’s knowledge in these areas and leadership at Core Scientific will be very important to Squire.”

Mr. Turner joins fellow advisory board members, Jimmy Nguyen (Founding President, Bitcoin Association) and Dr. Craig S. Wright (Chief Scientist at nChain, the advisory, research & development firm for blockchain technologies).

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.

For further information contact:

Angela Holowaychuk
Interim Chief Executive Officer
Telephone: +1 800‐371‐2809

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. 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.

Squire releases first month financial results since acquiring first phase of Coingeek cloud computing operations

Vancouver, British Columbia – June 17, 2019 – Squire Mining Ltd. (CSE:SQR | FWB:9SQ | OTCQB:SQRMF) (“Squire”) announces its financial results for the first month of cloud computing operations for the month ended May 31, 2019. As previously announced, on May 1, 2019 Squire acquired all of the issued and outstanding shares of Freschette Limited (“Freschette”), which operates a cloud computing fleet of 20,500 units, representing 276 petahash/second (PH/s) of computing power operating in Kazakhstan. On the same date Taal Technologies SEZC (“Taal Tech”), a wholly owned Cayman Islands based subsidiary of Squire, entered into a cloud computing agreement with Freschette pursuant to which Taal Tech has exclusively engaged Freschette’s computing power in connection with its blockchain infrastructure support and cryptographic transaction verification activities.

Over the period from May 1, 2019 to May 31, 2019, Taal Tech realized a total of 306.76 Bitcoins (“BTC”) or estimated gross revenue of US$2.24 million for its first month of operations. Site operating costs in connection with operations for the period were US$1.23 million, resulting in cloud computing operating profit of US$1.01 million or cloud computing operating profit margin of 45%. Estimated gross revenue is measured based on the fair value of the BTC received at the time it is received. The fair value is determined using the estimated closing BTC index (BTC/USD) price each day per a third party quotation provider. To determine estimated gross revenue, the Company is relying on data available from a third party quotation provider to be an accurate representation of the closing price for the digital assets.

These numbers as reported are not audited. Financial results of Squire for the three months and six months ended June 31, 2019 will be available on Squire’s SEDAR profile at www.sedar.com in due course. The results presented in this report are not indicative of the results that may be expected for any future period.

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 technologies to support global blockchain applications related to Bitcoin SV, Bitcoin Core another associated SHA‐256 derived digital assets.

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

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

FINANCIAL MEASURES: There are measures included in this release that do not have a standardized meaning under generally accepted accounting principles (GAAP) and therefore may not be comparable to similarly‐titled measures and metrics presented by other issuers and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Squire includes these measures because it believes certain investors use these measures and metrics as a means of assessing financial performance. In this release, certain terms are used, which are not found in the Chartered Professional Accountants of Canada Handbook and do not have any standardized meaning prescribed under GAAP and may not be comparable to similar measures presented by other companies. In particular, cloud computing operating profit is a non‐GAAP measure.

CAUTIONARY STATEMENT REGARDING FORWARD‐LOOKING INFORMATION: This 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, uncertain and volatile equity and capital markets, lack of available capital, future demand for Bitcoin SV, Bitcoin Core and other cryptocurrencies and risks related to the mining thereof, integration issues, personnel and staffing requirements and technological change and obsolescence. There are no assurances with respect to: the realization, if at all, of the fair value of BTC on the basis of the estimated closing BTC index (BTC/USD) price each day
provided (as provided by a third party quotation provider) and statements made regarding the financial
position (including operational revenue, cost, profit and profit margin) and operational success of Squire
and any of its subsidiaries (including Freschette and Taal Tech). 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 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.

Kraken, Okex, Huobi and major Asian crypto funds go to Blockchain Life 2018

The list of speakers of the key forum on blockchain, cryptocurrencies, ICO and mining – Blockchain Life 2018 – was replenished by owners and top managers of the biggest Chinese cryptocurrency funds and international exchanges. The forum will be held on November 7-8 in St. Petersburg, Russia.

Among the speakers: Maximilian Marenbach (Kraken Exchange), Wu Xing (Huobi Exchange), Aldrich Victorino (Okex Exchange), Charles Cai (Dalian Wanda Group), Jason Hu (World Blockchain Organization) and others. The full list of speakers is available here: https://blockchain-life.com/en/#speakers

At the moment, the main activity in the world of investments in crypto projects is observed in Asian countries. Thus, the forum participants will be able to learn all the trends of 2018 firsthand, and the ICO projects of Eastern European will have a unique opportunity to attract funding within the Pitch-section, without participating in expensive Road shows around the world.

Given the international composition of the participants, Blockchain Life 2018 organizes the legendary AfterParty in the biggest Chinese restaurant in Europe. In a favorite format for the forum participants “all inclusive”: elite alcohol, European and Chinese cuisine, comfortable conditions for networking and enchanting show program. By the way, last year AfterParty special guest was the famous russian boy band “Ivanushki International”.

On September 1st, applications for the International Blockchain Life Awards will be opened, which will determine the best companies in their field. Learn more about the Award on the conference website.

Despite the global scale of the event, tickets with the opportunity to attend reports are still available from $41.

Buy a ticket to a key global event in the industry, there is very little time before the next rise in price https://blockchain-life.com/en/

Organizers: https://listing.help/ – the output of projects on exchanges, https://icotop.io/  – rating agency

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