Crypto 205

Crypto 205 commenced operations late in 2017 and expanded quickly, having generated revenue of approximately CAD$2.8 million from its operations from January 1st to February 28th, 2018, based on the closing price of Bitcoin and the exchange rate of the Canadian dollar on February 28, 2018. Crypto 205 operates from state-of-the-art facilities in Pointe-Claire, Québec. At January 1st, Crypto 205 operated approximately 1875 miners and it currently operates approximately 2,625 miners, along with supporting equipment, with a further 1,500 miners anticipated to be operational over the coming days. Electrical power represents the primary expense of cryptocurrency mining and Crypto 205 currently benefits from access to rates that are globally competitive and create favourable differentiation from other mining companies.