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Cryptoblox Technologies ( (TSE:KAS) ) just unveiled an announcement.
Dynamite Blockchain Corp. has successfully closed a $2.5 million private placement, issuing 50,000,000 units at $0.05 per unit, each comprising one common share and one transferable share purchase warrant. The proceeds will be used to strengthen the company’s position in the digital asset space by acquiring additional digital assets, developing its blockchain technologies, and for general working capital, thereby enhancing its market position as a public company proxy for utility-based digital assets.
More about Cryptoblox Technologies
Dynamite Blockchain Corp. is a blockchain technology infrastructure company that focuses on building a diversified blockchain ecosystem centered around Kaspa. The company operates Kaspa mining assets, develops Kaspa-enabled products and services such as the IMME Wallet, and selectively acquires high-utility digital assets to enhance shareholder value through diversification.
Average Trading Volume: 302,235
Technical Sentiment Signal: Sell
Current Market Cap: C$7.14M
Learn more about KAS stock on TipRanks’ Stock Analysis page.