Ocean Falls to Offer ‘Digital Twins’ of Bitcoin Mining Units Enabling Virtual Access to Real-World Machines

VANCOUVER, B.C., Canada, March 29, 2022 — Ocean Falls Blockchain Corp. (“OFB” or the “Company”) is pleased to announce an enhancement of its mining operations that will enable hosted clients to view and manage their hardware in a virtual environment.

Ocean Falls mining clients will gain access to digital twins of their hardware enabling seamless virtual access. A digital twin is a virtual representation of a physical object or process that is updated using real-time data.

Hosted clients of Ocean Falls Blockchain will be able to virtually enter a copy of the existing mining room and interact with the digital twins of their real-world mining units.

They will be able to view critical information like exhaust heat which will be presented by clouds of blue through red colours indicating temperature and hashing status. They will be able to reboot, shutdown, and perform other diagnostic procedures through virtual controls connected via an API to their real-world counterparts.

“Because our facility is located in a remote community, it is difficult for clients to physically check on their devices. This virtual environment, enabled by the metaverse, will provide control over mining hardware, offering insights into performance and potential problems,” said Kevin Day, CTO at Ocean Falls Blockchain.

Feedback on the initial prototype of the application has been so positive that the company is looking at other metaverse applications to bolster innovation, as well as provide opportunities for improved productivity and increased enterprise value.

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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Forward-Looking Statements

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.

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