Source: EV Battery Tech.
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  • EV Battery Technologies (CSE:ACDC) has completed the necessary financing arrangements for its recent acquisition of Optimal CP Inc.
  • Optimal’s initial mining facility will utilize at least 3.5 MW of clean, cost-effective generation to power a minimum of 1,000 mining ASIC mining machines
  • Optimal is projecting to commission at least 500 kW per month of rack space, allowing the company to achieve a total mining hashrate of approximately 100 petahash in the first half of 2022
  • Extreme Vehicle Battery Technologies is a blockchain and battery technology company
  • Optimal CP is focused on meeting the demand for cost-effective cryptocurrency infrastructure in North America
  • EV Battery Tech (ACDC) opened trading at C$0.09 per share

EV Battery Technologies (CSE:ACDC) has completed the necessary financing arrangements for its recent acquisition of Optimal CP Inc.

Optimal is focused on developing facilities in Alberta that will leverage direct access to clean, reliable, low-cost power generation facilities.

Optimal intends to move quickly in establishing and commissioning its initial mining facility, which will utilize at least 3.5 MW of clean, cost-effective generation to ultimately power a minimum of 1,000 mining ASIC mining machines.

Optimal is planning to commission at least 500 kW per month of rack space, allowing the company to achieve a total mining hashrate of approximately 100 petahash with a projected mining capacity of more than 12 bitcoins per month in the first half of 2022.

President of Optimal, Kevin Gilchrist commented on the acquisition.

“The acquisition of Optimal has given the company control of Optimal’s development pipeline and its seasoned management team that will enable a smooth transition for the company as it continues to focus on its core blockchain business and the introduction of this new cryptocurrency mining unit.”

“These are exiting times as our experienced team commissions its initial mining facility, providing the foundation for a bright, growth-oriented future in the mining space in Alberta,” he added.

Extreme Vehicle Battery Technologies provides scalable, smart solutions for the electric vehicle and energy storage markets.

EV Battery Tech (ACDC) opened trading at C$0.09 per share.

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