HyperBlock Files an "Assignment in Bankruptcy"
Toronto, Ontario--(Newsfile Corp. - May 15, 2020) - HyperBlock Inc. (CSE: HYPR) ("HyperBlock" or the "Company") confirmed that the Company has filed an "Assignment in Bankruptcy" ("the Assignment") under the Bankruptcy and Insolvency Act (Canada).The Company is no longer able to meet its financial obligations and has appointed Crowe Soberman Inc. as its Licensed Insolvency Trustee to seek settlement with its creditors. The Company confirms the Trustee may be permitted to act pursuant to...
2020-05-15 6:24 PM EDT
HyperBlock Provides Update on Operations
Toronto, Ontario--(Newsfile Corp. - May 14, 2020) - HyperBlock Inc. (CSE: HYPR) ("HyperBlock" or the "Company") announced today that the Company's 20MW datacenter is now offline and the company has ceased all cryptocurrency mining operations.As previously disclosed, the Company's electricity provider terminated its long-term power contract with the Company effective May 14, 2020. This termination, combined with the impact of the recent Bitcoin algorithm halving, which cut the Company's mining...
2020-05-14 1:17 PM EDT
HyperBlock Provides Update on Bitcoin Halving Impact on Operations
Toronto, Ontario--(Newsfile Corp. - May 13, 2020) - HyperBlock Inc. (CSE: HYPR) ("HyperBlock" or the "Company") today provided an operational update to shareholders related to the risks associated with the recent Bitcoin algorithm halving — which occurred on May 11, 2020 — and has significantly reduced Bitcoin mining compensation rewards earned by the Company.The Company confirmed that the algorithm halving, which occurs approximately every four years to create scarcity by limiting the number...
2020-05-13 11:27 AM EDT
HyperBlock Announces Board of Directors and Officers Updates
Toronto, Ontario--(Newsfile Corp. - May 11, 2020) - HyperBlock Inc. (CSE: HYPR) ("HyperBlock" or the "Company") provided an update today on changes related to its Board of Directors and Officers. The Company announced that Roozbeh Ebbadi is shifting to an engineering role to support the Company's datacenter and other operations, while resigning as Chief Operating Officer and Director of the Company effective immediately. The Honourable Ronald R. Spoehel and capital markets veteran Bryan...
2020-05-11 5:45 PM EDT
HyperBlock Updates Timing of Fourth Quarter and Annual Financial Results
Toronto, Ontario--(Newsfile Corp. - April 30, 2020) - HyperBlock Inc. (CSE: HYPR) ("HyperBlock" or the "Company") provided an update today on the timing of the release of its financial results and associated filings for the fourth quarter and fiscal year-ended December 31, 2019. The Company is utilizing the temporary relief exemption provided by the Ontario Securities Commission under Ontario Instrument 51-102 - Temporary Exemption from Certain Corporate Finance Requirements - which provides...
2020-04-30 9:35 AM EDT
HyperBlock Appoints Bryan Reyhani to Board of Directors
Toronto, Ontario--(Newsfile Corp. - April 27, 2020) - HyperBlock Inc. (CSE: HYPR) ("HyperBlock" or the "Company") announced it has appointed legal expert, blockchain and public markets veteran Bryan Reyhani to its Board, effective immediately.Reyhani is the founder of The Woodgates Group, a private consulting firm specializing in accelerated business and capital growth, strategy and alternative opportunities. He currently sits on the Boards of Torque Esports Corp. (TSXV:GAME) and Captor...
2020-04-27 9:01 AM EDT
HyperBlock Provides April 2020 Status Update on Promissory Note Acceleration of Maturity Dates
Toronto, Ontario--(Newsfile Corp. - April 24, 2020) - HyperBlock Inc. (CSE: HYPR) ("HyperBlock" or the "Company") provided the status today of two promissory notes (the "Notes") issued by Hyperblock LLC ("LLC") and the Company. The Company confirms that Project Spokane LLC, a company controlled by Sean Walsh, former Chairman and CEO of the Company, accelerated the maturity date of the LLC Note, and demand has been made for payment by LLC of the outstanding obligations in the amount of...
2020-04-24 9:13 AM EDT
HyperBlock Announces Election of Directors and AGM Results
Toronto, Ontario--(Newsfile Corp. - March 11, 2020) - HyperBlock Inc.(CSE: HYPR) ("HyperBlock" or the "Company") is pleased to announce the election of three directors to its Board and report voting results related to its Annual General and Special Shareholders Meeting ("AGM"), which was held on March 10, 2020. The Company's three director nominees were overwhelmingly supported by shareholders. The resolutions to set the number of directors at three and the reappointment of Manning Elliott as...
2020-03-11 1:15 PM EDT
HyperBlock Extends AGM Voting Window
Toronto, Ontario--(Newsfile Corp. - March 6, 2020) - HyperBlock Inc. (CSE: HYPR) ("HyperBlock" or the "Company") today announced it has extended the online proxy voting window for its Annual General and Special Shareholders Meeting ("AGM").Update on Application to Lift CTOThe Company also confirmed that it has applied to have the cease trade orders in respect of its shares revoked. While the Company will undertake all reasonable efforts to have the cease trade orders revoked as soon as...
2020-03-06 3:16 PM EST
HyperBlock Reports Q3 2019 Financial Results
Toronto, Ontario--(Newsfile Corp. - February 28, 2020) - HyperBlock Inc. (CSE: HYPR) ("HyperBlock" or the "Company") is pleased to confirm it has filed its unaudited interim financial statements, management's discussion and analysis and related officer certifications for the three-month period ended September 30, 2019. Further details, statements and the Company's management's discussion and analysis can be accessed at www.SEDAR.comHyperBlock to apply to request CTO be liftedNow that 2019...
2020-02-28 8:31 PM EST
HyperBlock Updates Items for AGM Voting
Toronto, Ontario--(Newsfile Corp. - February 28, 2020) - HyperBlock Inc. (CSE: HYPR) ("HyperBlock" or the "Company") today announced an update to the agenda for its Annual General and Special Shareholders Meeting ("AGM"). Update on Items to be Considered at the AGMThe agenda for the AGM originally included a special resolution authorizing the consolidation of the Company's share capital at a ratio to a maximum of 10:1. The Company has decided not to proceed with the share consolidation at...
2020-02-28 2:21 PM EST
HyperBlock Reports Q2 2019 Financial Results
Toronto, Ontario--(Newsfile Corp. - February 20, 2020) - HyperBlock Inc. (CSE: HYPR) ("HyperBlock" or the "Company") is pleased to confirm it has filed its unaudited interim financial statements, management's discussion and analysis and related officer certifications for the three-month period ended June 30, 2019. Further details, statements and the Company's management's discussion and analysis can be accessed at www.SEDAR.comUpdate on 2019 Q3 Financials and CTO StatusNow that 2019 second...
2020-02-20 5:00 PM EST
HyperBlock Reports Q1 2019 Financial Results
Toronto, Ontario--(Newsfile Corp. - January 31, 2020) - HyperBlock Inc. (CSE: HYPR) ("HyperBlock" or the "Company") is pleased to confirm it has filed its unaudited interim financial statements, management's discussion and analysis and related officer certifications for the three-month period ended March 31, 2019.Further details, statements and the Company's management's discussion and analysis can be accessed at www.SEDAR.comUpdate on 2019 Q2 and Q3 Financials and CTO StatusNow that the 2019...
2020-01-31 9:50 AM EST
HyperBlock Secures US$3.5M Financing for Next Gen Bitmain Servers
Servers Scheduled for February 2020 DeliveryNew Servers to Increase Computational Power at US DatacenterToronto, Ontario--(Newsfile Corp. - January 21, 2020) - HyperBlock Inc. ("HyperBlock" or the "Company") (CSE: HYPR), through its wholly-owned subsidiary, Hyperblock LLC, has secured up to US $3,540,000 in financing as part of a three-year agreement that will allow the Company to invest in additional next generation Bitmain servers that are expected to increase HyperBlock's maximum hashrate...
2020-01-21 10:13 AM EST