Vancouver, British Columbia–(Newsfile Corp. – July 15, 2021) – Ocean Falls Blockchain Corp. (“OFB” or the “Company“), an environmentally conscious cryptocurrency miner with burgeoning blockchain technologies in development, announces it has joined the Crypto Climate Accord. The Company hopes that others in the industry will also step up to help do their part in reducing carbon emissions by adapting to clean energy alternatives.
Surging demand for cryptocurrencies and accelerating adoption of blockchain-based solutions have highlighted a critical issue: the technology’s growing energy consumption and its impact on our climate. The Crypto Climate Accord is working collaboratively with Ocean Falls Blockchain and others in the crypto industry-including all blockchains-to transition to 100% renewables.
In cooperation with fintech and crypto industry leaders, Energy Web Foundation, the Alliance for Innovative Regulation, and RMI, have launched the Crypto Climate Accord. The Accord, inspired by the Paris Climate Agreement, is a private sector-led initiative for the entire crypto community focused on decarbonizing the cryptocurrency industry in record time.
Projects in Canada and around the world are now looking to wean crypto mining away from fossil fuels, such as using hydroelectricity, solar and wind energy which positions Ocean Falls Blockchain to lead this charge with its current hydroelectric operations, utilization of excess power, and clean carbon footprint.
Oded Orgil, the Company’s CEO stated, “OFB is proud to support the Crypto Climate Accord as both a signatory and supporter of the Accord’s objectives and goals. As a unified blockchain technology company and renewable energy crypto miner OFB endorses the CCA’s mandate to decarbonize the crypto industry and move towards a net zero emissions target by 2030 using best industry practices.”
About Ocean Falls Blockchain Corp.
Ocean Falls is a Canadian blockchain technology company that operates a 2MW-plus, clean energy-powered cryptocurrency mining farm in historic Ocean Falls, B.C. Ocean Falls is also creating a new sustainable solution for the captive insurance industry. Visit oceanfalls.com for more information.
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This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. These statements are based upon information currently available to OFB’s management. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements may be identified by the use of terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and “should”. Forward looking statements contained in this news release are based on certain factors and assumptions made by management of OFB based on their current expectations, estimates, projections, assumptions and beliefs regarding their business and OFB does not provide any assurance that actual results will meet management’s expectations. While management considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Such forward-looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although OFB has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, other factors may cause actions, events or results to be different than anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking information. OFB does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.