VANCOUVER, BC / ACCESSWIRE / December 16, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE: LNK) (FSE: LGT) (OTC PINK: LGLOF) (“LINK” or the “Company”), an innovative provider of power and infrastructure solutions for digital currency mining and mining operations. ‘Data Hosting, announces an update on recent activities with the Alberta Utilities Commission (“AUC”) and other matters.
A message from Stephen Jenkins, CEO and Director of Link Global Technologies Inc.
LINK management thanks the shareholders for their support and patience as the company works with the AUC to ensure regulatory compliance at all locations in Alberta. Alberta’s digital currency mining market is going through a period of transformation. Businesses, regulators and local governments have all adapted to this rapid growth.
LINK has been transparent with all regulators throughout the compliance process and we have provided all requested information to date. Management anticipates that the regulatory process should be completed by the end of January 2022.
While following the AUC process, LINK also actively met with senior Alberta government officials, elected officials and agencies, showcasing the company and its vision and showcasing the opportunity of digital currency mining markets to the communities of the province. LINK has been well received and management is confident of the company’s potential in Alberta once the AUC regulatory process is completed.
LINK is awaiting final approval from Alberta Environment and Parks (“AEP”) for its Westlock and Kirkwall facilities. Increased emissions regulations and the upcoming carbon tax in 2023 are also impacting approvals of new mining operations. However, noise measurement and modeling for Westlock, for example, showed that the sound levels are below the maximum acceptable level and that all dispersion models for the emissions were positive.
Throughout this time, LINK has worked with existing and potential customers and partners to come back stronger and better than ever at both locations. GSV Futures Inc., a subsidiary of North American cryptocurrency mining company, Mission World Group (“GSV”) and a partner of LINK, is awaiting regulatory approvals, and we are working with GSV to be ready to implement the strategic mining co-operation agreement (see press release dated August 16, 2021). The TAAL Group has announced that it has purchased a facility in Eastern Canada, which will free up LINK’s capacity for new customers in the future.
As LINK is one of the early entrants to the digital currency mining market in Alberta, the company has built up know-how and expertise ahead of its competitors. Management believes this know-how will enable accelerated growth as other new entrants are just beginning to understand issues such as emissions standards, noise standards, and AUC and AEP expectations. . In addition, the purchase of Clean Carbon Equity (CCE) will further strengthen LINK’s position in the market (see press release of October 1, 2021).
CCE management is building their inventory of offset tools and plans to have a software version of an NFT ready for the market soon. This is expected to generate revenue for CCE, enabling both rapid growth for the company and an easy way for retailers and wholesalers to buy, trade and withdraw carbon credits in a transparent and unchanging manner.
In early 2022, the company plans to be operational in Kirkwall and Westlock. Management notes that the Company has sufficient liquidity to remain with the Company while regulatory matters are resolved. The Company will inform shareholders as soon as possible of the progress and decisions. We thank the shareholders for their continued support.
About Link Global Technologies Inc.
LINK is committed to providing infrastructure and operational expertise for digital mining and data hosting operations. LINK’s goals include locating and securing, for lease and option to buy, properties with access to reliable, low-cost power, and deploying that low-cost power to operate. digital mining and provide clean energy and infrastructure for other data hosting services.
To learn more about Link’s activities, visit us at https://linkglobal.io/.
On behalf of Link Global Technologies Inc.
Chairman and CEO and Director
For more information visit http://linkglobal.io/ or contact:
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Head of Investor Relations
The CSE has not reviewed and accepts no responsibility for the adequacy or accuracy of this release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION.
This press release contains “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements are statements which are not purely historical and include statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “forecast”, “budget”, “planned”, “estimates”. “,” “Foresees”, “intends”, “anticipates” or “believes”, or variations (including negative variations) of these words and expressions, or statements that certain actions, events or results ” may “,” would “,” could “,” should “or” could “occur. Forward-looking statements contained in this press release include, but are not limited to: the Company’s progress with the AUC to ensure regulatory compliance at all locations in Alberta; whereas LINK management anticipates that the regulatory process should be completed by the end of January 2022; that management is confident of the Company’s potential in Alberta once the AUC regulatory process is completed; that LINK await final approval from Alberta Environment and Parks (“AEP”) for its Westlock and Kirkwall facilities; that LINK work with GSV to be ready to implement the strategic co-mining agreement; WHEREAS the TAAL Group has announced that it has purchased a facility in Eastern Canada, which will free up LINK’s capacity for new customers in the future; whereas management believes that this know-how will allow accelerated growth; that CCE management is building its inventory of offset tools and plans to have a software version of an NFT ready for the market soon, which should generate revenue for CCE, both enabling rapid growth for the company and a simple way for retailers and wholesalers to buy, trade and withdraw carbon credits in a transparent and unchanging manner; that in early 2022, the Company expects to be operational in Kirkwall and Westlock; that the Company has sufficient liquidity to bind itself to the Company while regulatory matters are resolved; that the Company will inform the shareholders as soon as possible of the progress and of the decisions; and other corporate business plans.
All of these forward-looking statements are based on factors or assumptions that have been applied in reaching a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Because forward-looking statements relate to future events and conditions, by their very nature they require the making of assumptions and involve inherent risks and uncertainties. The Company cautions that while the assumptions are believed to be reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set forth in the forward-looking statements. In the case of the Company, these risks, uncertainties, assumptions and other factors include, but are not limited to: potential adverse decisions or determinations of the AUC and the AEP; that the commercial relationship will not produce the desired results; those set out in the latest management report of the Company, fluctuations in the price of electricity, fluctuations in the price of digital currencies / Bitcoin, the future halving of Bitcoin, the increase in the difficulty rate of the network and of the prices of digital currencies / Bitcoin, negative changes in the level of rewards in digital currency / Bitcoin per block, securing economical tariffs for the purchase of electricity, opportunities to acquire digital currency mining equipment, unforeseen changes in laws, regulations or other industry standards affecting the business of the company, reliance on key management personnel, the Company’s ability to implement its business plan, the risk of litigation , stock price volatility, the effects of general economic and other factors beyond the control of the Company, and other matters which may arise in the future. In view of these risks, one should not place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as specifically required by law, the Company assumes no obligation to update forward-looking statements to reflect new information, subsequent or otherwise.
THE SOURCE: Link Global Technologies Inc.
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