Ocean Falls Blockchain Provides Operational Update
Vancouver, British Columbia (February 15, 2022) – Ocean Falls Blockchain Corp. (“OFB” or the “Company”) is pleased to announce that it has filed its preliminary prospectus and has received initial comments back from the BCSC. The company is attending to the comments and continues to position itself for a direct listing in the coming weeks.
The Company’s crypto mining operations remain at 2MW, producing positive cash flow while using 100% renewable hydroelectric energy. OFB continues to perform due diligence on various opportunities to enable further crypto mining expansion and Company growth.
OFB would like to announce Brandon Kostinuk has joined the team as VP of Marketing and Development. Brandon has an array of experience in blockchain technology, recently as the marketing lead that netted one of the largest Canadian cryptocurrency fundraising campaigns. Brandon will provide his expertise and insight to help the Company grow and expand current and future blockchain applications.
Additionally, Steven Beeghly has joined the Board of Advisors at Ocean Falls Blockchain. Steven is an attorney and insurance business leader with more than 25 years of insurance corporate and regulatory experience. Mr. Beeghly began his career at Allianz Group’s, Fireman’s Fund Insurance Company and has since been an officer, director, shareholder, and attorney for numerous insurance, reinsurance, and alternative risk transfer ventures. Mr. Beeghly is a graduate of the University of Washington and the Seattle University School of Law.
Additional information on the Company is available at www.oceanfallsblockchain.com.
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 the 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.