BitZERO Announces Kevin O'Leary and Phoenix Group as Strategic Investors

Vancouver, British Columbia--(Newsfile Corp. - February 17, 2022) - BitZERO Blockchain Inc. (“BitZERO” or the “Company”) is pleased to announce that renowned investor Kevin O’Leary is a strategic investor of BitZERO, which will accelerate BitZERO’s growth toward becoming the world’s leading ESG-driven, Zero Carbon Displacement (“ZCD”) crypto mining and ESG mining pool company. The Company is also pleased to announce that Phoenix Group (“Phoenix”) has become a strategic investor. Phoenix, headquartered out of Dubai, is a leading global ASIC supplier and venture capital firm. The Company has agreed to appoint a nominee from Phoenix Group to sit on the board of BitZERO. BitZERO has secured an additional 288.45 PH/s of Bitmain ASIC miners to be deployed between March and June 2022 to BitZERO’s site, expanding the Company’s scalable operations.

About BitZERO

BitZERO harnesses renewable energy within an ESG-driven Zero Carbon Displacement ecosystem to harmonize relationships between data processing, crypto-mining, commerce, communities, and the environment. BitZERO’s mining operations are designed to recapture heat displaced by its mining operations to benefit local green initiatives. BitZERO is founded on best practice ESG goals.

For more information, please contact:

BitZERO Blockchain Inc.
2416 Main Street, Suite 398
Vancouver, BC V5T 3E2
Joshua Lebovic, CFO, CFO, Director
Email: Joshua@bitzero.com

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved".

The forward-looking information and forward- looking statements contained herein include, but are not limited to, statements regarding: intended consequences of Kevin O'Leary's investment for BitZERO's growth, Phoenix Group's acceptance of a seat on the board of BitZERO, the intended deployment of mining rigs and the timeline for deployment, and statements regarding the expansion of BitZERO's operations and the intended effects of its expansion for blockchain and data processing globally. Forward-looking information in this news release are based on certain assumptions and expected future events, namely: BitZERO's ability to continue as a going concern; the continued commercial viability and growth in popularity of blockchain; BitZERO's ability to effectively scale its operations; continued approval of BitZERO's activities by the relevant governmental and/or regulatory authorities; the continued development of blockchain technology; the continued growth of BitZERO; and BitZERO's ability to finance scalable operations. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of BitZERO to continue as a going concern; the risks associated with the blockchain industry in general; increased competition in the blockchain-mining market; the potential future unviability of the blockchain market; incorrect assessment of the value and potential benefits of various transactions; risks associated with potential governmental and/or regulatory action with respect to the blockchain mining; risks associated with a potential collapse in the value of blockchain-related services; risks associated with BitZERO's ability to generate a profit; risks associated with financing BitZERO's infrastructure upgrades; and BitZERO's potential inability to generate revenue.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the BitZERO's expectations as of the date hereof and are subject to change thereafter. BitZERO undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114113