Vancouver, British Columbia, December 6, 2024 (GLOBE NEWSWIRE) — Dynamite Blockchain Corp.Business” Or “Dynamite“) (CSE: KAS) is delighted to announce that it has changed its name to “Dynamite Blockchain Corp.» and launched a new website. In conjunction with the Company’s rebranding, the Company also announces that its ticker symbol will also change to “KAS”, effective December 6, 2024. This comprehensive rebranding reflects the Company’s strategic focus on a Blockchain ecosystem driven by Kaspaencompassing the effectiveness Kaspa Miningavant-garde Kaspa Productsand innovative Kaspa Services.
New website: dynamiteblock.com
The rebrand reflects the leadership and vision of the company’s CEO, Akshay Sood, and highlights the company’s commitment to leveraging Kaspa’s transformative technology.
Mr. Sood made the following comments:
“The new logo represents the company’s explosive energy, dynamic creativity and commitment to blockchain innovation. The new Dynamite website provides a comprehensive overview of its operations, strategy and future plans to current and future stakeholders..”
“Dynamite Blockchain is more than just a name; it is a reflection of our mission to revolutionize the blockchain industry through Kaspa.”
Change of stock symbol to KAS
Consistent with its new direction, the Company will change its trading symbol to “KAS” on the Canadian Securities Exchange (the “CST“, and trading under the new symbol will begin on December 6, 2024. Shareholders are not required to take any action, as updates will be automatically reflected on all trading platforms.
Generate unique shareholder value with Kaspa
The rebranding reflects the company’s intention to focus on Kaspa. While the majority of companies in the blockchain industry focus on more well-known digital assets, such as Bitcoin (“BTC“), Dynamite believes that the most explosive growth will be in lesser-known digital assets that rely on superior technology to BTC.1. The company chose to focus on Kaspa because it believes that Kaspa contains all the necessary features to become one of the world’s leading digital assets, alongside BTC. For more information, please visit the company’s new website.
Deployment of the blockchain ecosystem driven by Kaspa from Dynamite
The rebranding is accompanied by the Company’s plan to build a Blockchain ecosystem driven by Kaspacomposed of the following divisions:
- Kaspa Mining: Industrial-scale mining operations powered by high-performance hardware and advanced optimization technologies.
- Kaspa Products: Development of Kaspa-compatible renewable energy-powered products that help secure the Kaspa blockchain.
- Kaspa services: Creation of various Kaspa compatible services, with the aim of becoming the world’s first vertically integrated blockchain ecosystem driven by Kaspa.
Other Company Updates
End of the acquisition of BFT
The Company also announces that its acquisition of Blockchain Fintech, announced on November 1, 2024, has been terminated, as the Company focuses on new transactions that contribute to its Kaspa-led divisions.
Mining operations
The company currently operates 5 IceRiver KS3 Kaspa miners and 133 S19J Pro BTC miners. Additionally, as announced on December 3, 2024, Dynamite has signed an agreement to purchase Kaspa Mining Limited, which owns and operates 25 additional Bitmain KS5 Pro Kaspa miners.
On behalf of the Company,
Akshay Sood,
General manager
Phone: 236-259-0279
About Dynamite Blockchain Corp.
Dynamite Blockchain is focused on creating a blockchain ecosystem focused on Kaspa.
Forward-looking statements
The information contained in this press release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based on assumptions that are subject to risks and uncertainties. Forward-looking statements contained in this press release include, but are not limited to, statements regarding: the timing of the change in the Company’s name and symbol; the Company’s rebranding, new strategic direction and plans to leverage Kaspa’s technology and revolutionize the blockchain industry through Kaspa; the Company’s plans to generate unique shareholder value through Kaspa; the Company’s logo representing the Company’s explosive energy, dynamic creativity and commitment to blockchain innovation; the Company’s view on the future of Kaspa; the company’s plan to create a blockchain ecosystem driven by Kaspa; the company’s view on the most explosive growth being in lesser-known digital assets that rely on superior technology to BTC1 and the Company’s planned acquisition of Kaspa Mining Limited. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that the expectations contained in the forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting these forecasts. – declarations of appearance, or otherwise.
The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved the contents of this press release.
Footnote
- Kaspa versus Bitcoin: a new era of speed and efficiency in blockchain
