(Oslo, 21 November 2022) DLTx ASA (DLTx, OSE: DLTX) ("DLTx", the "Company") is
pleased to announce that it is moving forward with the development of a bitcoin
division in DLTx Digital Assets and has raised an initial USD $3.5 million for
the first phase of development.
The Company aims to take a vertically integrated approach through managing the
fabrication of modular containers, overseeing on-site construction, hiring and
training local operators, and optimizing the software involved.
With a focus on sustainability for Bitcoin production methods, DLTx intends to
harness power where there is either overcapacity, no viable connection to the
grid, or an ability to turn waste into power, such as with flare gas (preventing
methane release).
The Company expects future sites to combine wind, hydro, solar and flare gas -
all of which have pre-existing power delivery infrastructure.
"This is the first of many expected announcements with regards to our Bitcoin
division over the coming weeks and months. We believe our model is capital
efficient and this first investment enables us to get moving at a time when the
cost of entry is multiples lower than six to nine months ago," says DLTx Chief
Operating Officer Simon Campbell.
For further information, please contact:
Thomas Christensen, Chief Executive Officer, +47 922 55 444, ir@dltx.com
Roger Lund, VP Strategy, +47 95 16 11 13, ir@dltx.com
About DLTx
DLTx ASA ("DLTx") is a vertically integrated technology company expanding Web 3
capabilities by deploying blockchain infrastructure at scale across major global
industries. The DLTx team is comprised of decentralists who believe in the new
economy that's powered by cryptographic digital assets. The DLTx team has been
at the forefront of developing and launching several of the most important
protocols in the blockchain space including Ethereum, developed the first
blockchain investment fund in 2014, has built out massive scale mining
infrastructure since 2015, and now operates the first publicly traded company
focused on powering Web 3.
Learn more at https://www.dltx.com
About Blockchain Moon
Blockchain Moon Acquisition Corp, a Delaware corporation ("Blockchain Moon")
(NASDAQ: BMAQ, BMAQU, BMAQR, BMAQW) is a blank check company formed for the
purpose of effecting a merger, capital stock exchange, asset acquisition, stock
purchase, reorganization or similar business combination with one or more
businesses.
On October 15, 2022, Blockchain Moon, announced that it executed a Business
Combination Agreement (the "Business Combination Agreement") dated as of October
14, 2022 with Malibu Parent Inc., a Delaware corporation ("New BMAC"), Hermosa
Merger Sub LLC, a Delaware limited liability company, and DLTx, to acquire all
the Web3 assets of DLTx, listed on the Euronext Oslo (DLTX.OL) (the transactions
contemplated by the Business Combination Agreement, the "Business Combination").
Blockchain Moon seeks to capitalize on the extensive experience of its
management team, board of directors and advisors who are both blockchain
industry investors and entrepreneurs to pursue prospective targets that are high
growth businesses in blockchain technologies in North America, Europe, and Asia.
Blockchain Moon is led by Chairman and Chief Executive Officer Enzo Villani,
Chief Financial Officer Wes Levitt, board members, John Jacobs, Michael Terpin,
David Shafrir, James Haft, and special committee members, John Hopkins and Carl
Johnson.
Learn more at https://www.bmaq.IO
Important Information about Blockchain Moon and Where to Find It
New BMAC intends to file a registration statement on Form S-4 with the
Securities and Exchange Commission ("SEC"), which will include a prospectus with
respect to New BMAC's securities to be issued in connection with the proposed
Business Combination and proxy statement with respect to Blockchain Moon's
stockholder meeting to vote on the proposed transaction (the "Business
Combination Proxy Statement"). The Business Combination Proxy Statement will be
sent to all Blockchain Moon stockholders. Blockchain Moon and New BMAC also will
file other documents regarding the proposed transaction with the SEC. Before
making any voting decision, investors and security holders of Blockchain Moon
are urged to read the registration statement and the Business Combination Proxy
Statement/prospectus included therein and all other relevant documents filed or
that will be filed with the SEC in connection with the proposed transaction as
they become available because they will contain important information about the
proposed transaction.
Investors and securityholders of Blockchain Moon will be able to obtain free
copies of the registration statement and the Business Combination Proxy
Statement/prospectus included therein and all other relevant documents filed or
that will be filed with the SEC by New BMAC or Blockchain Moon through the
website maintained by the SEC at www.sec.gov. The documents filed by Blockchain
Moon or New BMAC with the SEC also may be obtained free of charge upon written
request to Blockchain Moon Acquisition Corp., 4651 Salisbury Road, Suite 400,
Jacksonville, FL 32256.
NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR
DISAPPROVED OF THE TRANSACTIONS DESCRIBED IN THIS PRESS RELEASE, PASSED UPON THE
MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR RELATED TRANSACTIONS OR PASSED
UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS PRESS RELEASE. ANY
REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.
Caution Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933, as amended (the "Securities Act"),
and Section 21E of the Securities Exchange Act of 1934, as amended, including
certain financial forecasts and projections. All statements other than
statements of historical fact contained in this press release, including
statements as to future results of operations and financial position, revenue
and other metrics planned products and services, business strategy and plans,
objectives of management for future operations of DLTx, market size and growth
opportunities, competitive position and technological and market trends, are
forward-looking statements. Some of these forward-looking statements can be
identified by the use of forward-looking words, including "may," "should,"
"expect," "intend," "will," "estimate," "anticipate," "believe," "predict,"
"plan," "targets," "projects," "could," "would," "continue," "forecast" or the
negatives of these terms or variations of them or similar expressions. All
forward-looking statements are subject to risks, uncertainties, and other
factors which could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. All forward-looking
statements are based upon estimates, forecasts and assumptions that, while
considered reasonable by Blockchain Moon and its management, and DLTx and its
management, as the case may be, are inherently uncertain and many factors may
cause the actual results to differ materially from current expectations which
include, but are not limited to: (1) the occurrence of any event, change or
other circumstances that could give rise to the termination of the Business
Combination Agreement with respect to the Business Combination