CryptoBlox Maximizes Economic Potential with Deployment of 133 S19J Pro 104/th Bitmain ASIC Miners and Lavrium AI Integration

Vancouver, B.C, Aug. 03, 2023 (GLOBE NEWSWIRE) -- CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX), is pleased to announce that AI technology that will be developed by Lavrium LLC (“Lavrium”) will be integrated into the modular data centre (the “Data Centre”) optioned by the Company’s wholly owned subsidiary, Red Water Acquisition Corp. (“Redwater”). This strategic collaboration, coupled with the installation of 133 Bitmain S19J Pro 104/TH ASIC miners at Redwater’s facility, is intended to further enhance the Data Centre’s operational efficiency, cost-effectiveness, and environmental sustainability.

With the recent installation of 133 Bitmain S19J Pro 104/TH ASIC miners, Redwater has significantly boosted its mining capacity. These high-performance miners deliver a maximum total hash rate of 13,182 TH/s or 1.3 PH/s, representing a substantial increase in Redwater’s computational power and mining capabilities. This expanded capacity positions Redwater to capitalize on the growing demand¹ for cryptocurrency mining.

By integrating Lavrium's AI technology with the newly installed miners, Redwater will further optimize utilization of computing resources. AI algorithms dynamically manage and allocate workloads, maximizing mining performance while minimizing energy waste. This intelligent workload optimization is expected to not only enhance profitability but also reduces operational costs, further contributing to the economic benefits derived from the installation of these high-performance miners.

Furthermore, Lavrium's AI capabilities, combined with Redwater's advanced data analytics, will enable predictive maintenance strategies that minimize downtime and optimize operational efficiency. Real-time monitoring and analysis of the miners' systems will also proactively detect patterns and anomalies that may indicate potential equipment failures. By addressing these issues proactively, Redwater will be able to decrease interruptions to its mining operations.

By analyzing real-time data on power usage, temperature, and workload patterns, the Data Centre will dynamically allocate computing resources and adjust HVAC parameters for optimal energy efficiency without compromising mining performance. This data-driven approach will not only reduce operational costs but also support CryptoBlox in its efforts to become a leader in sustainable mining practices, driving economic benefits while prioritizing environmental responsibility.