The Usage of Blockchain Technology is Projected to Grow

NEW YORK, February 1, 2018 /PRNewswire/ --

According to a report from Esticast Research and Consulting, the global blockchain market was valued at $216.1 million in 2016 and is projected to reach $9.6 million by 2024, or growing at a compound annual growth rate of 60.8 percent during the forecast years. Blockchain, best known as a distributed database of a public ledger of transactions, now has been used for various financial and non-financial applications. The report indicated that the Banking, Financial Services, and Insurance (BFSI) held the largest market share in 2016 and is expected to maintain its domination during the forecast years. While media and entertainment segment are expected to whiteness the highest growth. Global Blockchain Technologies Corp. (OTC: BLKCF), Riot Blockchain, Inc. (NASDAQ: RIOT), MGT Capital Investments, Inc. (OTC: MGTI), The Bitcoin Investment Trust (OTC: GBTC), BTL Group Ltd. (OTC: BTLLF)

Financial institutions' interests in blockchain technology continue to grow. On Monday, Innovation Shares LLC announced to launch an exchange-traded fund that focused on blockchain technology companies. The ETF is traded on the New York Stock Exchange under the ticker "KOIN." According to a statement from Miami-based Innovation Shares: "The index underlying KOIN was constructed utilizing a natural language processing algorithm that screens for global stocks that are believed to have a current or future economic interest in blockchain technology."

Global Blockchain Technologies Corp. (OTC: BLKCF) also listed on the Canadian Stock Exchange under the ticker symbol 'BLOC'. Yesterday the company provided, a business update and a summary of recent activities announced by the Company.

Summary of Recent Activities: 

• Global Blockchain Technologies Corp. listed on the CSE - On Monday, January 22, 2018, the Company commenced trading on the Canadian Securities Exchange (CSE) under the same ticker "BLOC". Effective at the close of business, Friday, Jan. 19, 2018, the common shares of the Company were no longer listed on TSX Venture Exchange at the request of the company. As a result of the switch, some wires and stock quotation services/websites have failed to pick up Company news over the course of the last week. 

Company Secured 100MW of Power in North America - On January 25, 2018, the Company called a trading halt at 9:02 a.m. ET to announce that it had entered into an agreement with a turnkey mining operator ("Montana Agreement") to operate Global Blockchain's 6,666 Antminer S9 bitcoin miners, with anticipated delivery commencing in March 2018, which will allow it to secure 100MW of power in North America. The Company's industry-leading energy and mining partner has already made 64MW available, and the balance will be available in early Q2. The facilities are located in Anaconda and Butte, Montana, taking advantage of the state's cool climate, and include a world-class secure data center facility utilizing best-of-breed technology. The facility has exclusive access to an on-site substation, allowing for reliable power. Global Blockchain is examining the purchase of additional Antminer S9s to be delivered in the second quarter of 2018. On-site technicians will accommodate the immediate setup of machines to begin mining upon arrival in late Q1 and early Q2. The Company intends to occupy the entire 100MW of mining capacity. For more info, please visit https://ir.globalblockchain.io/press-releases/detail/21/global-blockchain-secures-100mw-of-power-in-north-america.

• Blockchain Set Date for Spinout of Global Blockchain Mining as Stand-Alone Publicly Listed Entity - On January 25, 2018, the Company also announced that it intended to pursue a plan of arrangement to spin out the value in its mining division. Through the arrangement, the Company intends to list Global Blockchain Mining Corp., along with all of its mining interests, as a publicly listed Canadian entity. The spinout will be on a one-for-one basis with every share held of Global Blockchain Technologies Corp., entitling the holder to one share of Global Blockchain Mining Corp. The Company has set the annual general and special meeting (the "Meeting") for April 10, 2018. All shareholders as of the record date, March 1, 2018, will be entitled to vote at the Meeting, as well as to the spinout share. The completion of the arrangement and the listing of Global Blockchain Mining will be subject to regulatory approval of this transaction and the approval of shareholders, the Supreme Court of British Columbia, and the CSE, which is not guaranteed. The anticipated assets of Global Blockchain Mining Corp. will include, as constituted at present, 6,666 machines and 100MW of power, the proposed acquisition of Coinstream, and Coinstream's additional assets, including its stake in Distributed Mining. For more info, please visit https://ir.globalblockchain.io/press-releases/detail/21/global-blockchain-secures-100mw-of-power-in-north-america.
• Company Announced Strategic Initiative into GiveMeSport Media Properties and Audience - On January 23, 2018, Global Blockchain announced that it made a $3 million strategic investment into Breaking Data Corp. as an introduction to blockchain technology in the GiveMeSport ecosystem. GiveMeSport's content generates over 3.1 billion impressions (Aug-17), reaching over 119 million unique users (Aug-17) per month on Facebook alone. More specifically, Breaking Data and Global Blockchain will collectively investigate opportunities that can be implemented using Blockchain-based applications and protocols to enhance the GiveMeSport audience and user experience, including how to best leverage the huge following on Facebook and GiveMeSport.com. For more info, please visit https://ir.globalblockchain.io/press-releases/detail/20/global-blockchain-announces-strategic-investment-of.
• Global Blockchain's Kodak Coin Investment Announced Significant Industry Milestone with tZero - Global Blockchain's blockchain subsidiary, tzero.com, Inc. ("tZero"), announced on January 17, 2018, that it intends to provide advisory services in connection with the recently announced KODAKOne Coin Security Token Offering. In addition, tZero will advise on secondary trading of the Kodak Coin. This is the first third-party coin to be announced that tZero will be listing and trading on its much anticipated regulated ICO exchange. Utilizing blockchain technology, the KODAKOne platform is an encrypted, digital ledger of rights ownership for photographers to register both new and archived work that they can then license within the platform. With the Kodak Coin, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, receive a share of overall platform revenue, and for both professional and amateur photographers, sell their work confidently on a secure blockchain platform. For more info, please visit https://ir.globalblockchain.io/press-releases/detail/19/global-blockchains-kodak-coin-investment-announces.
• Company Announced up to $7 Million Investment Commitment in Millennial Esports - On January 16, 2018, the Company agreed to invest $2 million into Millennial Esports Corp.'s previously announced private placement. The private placement is being made in conjunction with Millennial's announced acquisition of an 82 percent interest in Eden Games. Eden Games' popular mobile racing game, Gear.Club, has been downloaded more than 6.5 million times. Millennial's combined total community will exceed 20 million users who are passionate and extremely active in gaming. Millennial Esports provides turnkey global solutions that cover gaming technology, content production, and broadcasting, with a focus on leveraging synergies between traditional sport and esports. In November, Millennial Esports announced the formation of a new division focused on the creation and implementation of a blockchain-based in-game and cross-platform game and digital content tokens. Millennial has just announced that it is launching its proprietary token, which will be implemented using blockchain-based applications and protocols, to enhance the community and user experience, including how to best leverage the huge followings of Gear.Club and O'Gaming. Subject to execution of definitive agreements, Global Blockchain would become the lead investor in this initiative and anticipates making an initial $5 million investment into the token offering. For more info, please visit https://ir.globalblockchain.io/press-releases/detail/18/global-blockchain-announces-up-to-7-million-investment.
• Global Blockchain Announced Strategic Investment in Spectra7 Microsystems - On January 11, 2018, the Company announced it has made a strategic investment of C$2 million in Spectra7 Microsystems Inc. (TSX: SEV) ("Spectra7"), a leading provider of high-performance analog semiconductor products for broadband connectivity markets. In November 2017, Spectra7 announced a new product line optimized for blockchain-processing data centers. Data centers focused on blockchain processing are extremely dedicated to network and computational efficiency. Spectra7's BCI-2500 products enable copper cables up to three times the reach of passive copper cables at dramatically lower power levels than alternative solutions. Spectra7's BCI-2500 product line is the market's first to address the specific needs of data centers running blockchain applications, including bitcoin mining. For more info, please visit https://ir.globalblockchain.io/press-releases/detail/17/global-blockchain-announces-strategic-investment-in."

Riot Blockchain, Inc. (NASDAQ: RIOT) is leveraging its expertise and a network of professional advisors to build and support blockchain technologies. On January 17, 2018, the company announced that its majority owned Tess Inc. has entered into a definitive agreement to complete a transaction with Cresval Capital Corp. TessPay is a blockchain company developing a supply chain payment platform for businesses to attempt to guarantee payment on time and in full. The parties expect that the proposed transaction can be completed by the 2nd quarter of 2018. No assurance can be given that the proposed transaction will be consummated, or that the combined company will be able to obtain adequate funds needed to fund its business plan.

MGT Capital Investments, Inc. (OTCQB: MGTI) ranks as one of the largest U.S. based Bitcoin miners. Recently, the company announced the end of its business relationship with legendary cybersecurity pioneer John McAfee. This move will position MGT as a pure play cryptocurrency mining operation, led by Stephen Schaeffer, President of MGT Cryptocurrency Strategies. The Company currently owns or operates approximately 5,000 Bitmain Antminer S9 Bitcoin mining rigs and 50 GPU-based Ethereum miners, capable of generating over 65 Ph/s of computing power when fully deployed by the end of February. Moreover, MGT is in negotiations that would triple its mining power over the next several months. From a financial standpoint, the Company has never been stronger, ending last year with $9.5 million of cash, no debt and minimal payables.

The Bitcoin Investment Trust (OTCQX: GBTC) shares are the first publicly quoted securities solely invested in and deriving value from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping bitcoins. The Bitcoin Investment Trust provides a secure structure to gain exposure to the price performance of bitcoin. 

BTL Group Ltd. (OTC: BTLLF) is an enterprise technology platform provider that is developing Interbit, a proprietary next generation blockchain platform. On January 21, 2018, the company provided further information on the next phase of its previously announced European energy trading project, under which four oil and gas supermajors and five leading energy traders including Eni Trading & Shipping, Total, Gazprom Marketing & Trading Limited, Mercuria, Vattenfall, Petroineos and Freepoint, propose to participate in using BTL's Interbit blockchain platform to deliver gas trading reconciliation through to settlement and delivery of trades. This enterprise solution is being called OneOffice and is a revenue generating project for BTL. Interbit, as a next generation blockchain platform, has the capacity to operate and interconnect many thousands of blockchains per server, in a secure, private and scalable manner and moreover is designed for ease of use.

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