Quarry Dynamics Inc. Announces Mining Hardware Acquisition

TORONTO, Ontario, Canada, August 24, 2021 – Quarry Dynamics Inc.  (“QD”, “Quarry” or the “Company”), a Canadian-based crypto mining operations company, is pleased to announce the acquisition of computing power hardware providing a 1,000 total hash rate (TH/s) using the latest generation application-specific integrated circuit (ASIC) miners.

The Quarry executive team believes this acquisition will support the Company’s goal of positioning QD for future expansion and revenue generation potential, with an estimated contribution of $ 123,019 USD per month in self-mining revenue.  (Source: https://www.cryptocompare.com/ Mining metrics are calculated based on a Bitcoin (BTC) – USD exchange rate of 1 BTC = $ 49,857.99 updated at 2021-08-23 11:15 EDT)

Quarry leadership is confident this acquirement will provide QD with the computing power and security that best aligns with targeted goals for energy consumption, mining efficiency, and return on investment (ROI).

The QD team has been keenly focused on achieving first-year operational milestones and are currently entering into additional negotiations relating to location and operations.  These negotiations are intended to secure the required capacity to meet 2021 growth milestones and strategically align Quarry Dynamics to successfully meet 2022 revenue, as well as operationalexpectations.

About Quarry Dynamics Inc.

Quarry Dynamics Inc. is a Canadian-based cryptocurrency mining company, focusing on supporting the Bitcoin mining sector through rapidly expanding industrial scale renewable energy mining facilities and services. We are consistently focused on increasing efficiencies and research.  Quarry is passionate about the future of Bitcoin and Blockchain technology and strives to be a driver for adoption and enhancements in its future.

For more information on Quarry Dynamics visit: www.quarrydynamics.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements”. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements include, among others, statements made regarding expected operating results; anticipated levels of capital expenditures; management’s belief that the Company has or will have sufficient liquidity to fund business operations; strategies for customer retention, growth, product development, market position, financial results, and reserves; and strategies for risk management. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, no reliance should be placed on any of these forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following:  economic and financial conditions; the adequacy of our cash flow and earnings; the level of demand and financial performance of targeted customer businesses; strategic actions, including acquisitions and dispositions; changes in customer demand; the extent to which we are successful in gaining new long-term relationships with customers or retaining existing ones and the level of service failures that could lead customers to use competitors’ services; developments and changes in laws and regulations, including increased regulation through legislative action and revised rules and standards; and, disruptions to the Company’s technology network including computer systems and software. Any forward-looking statement made in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments, or otherwise.

 

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Micah Whittaker

Mining & Facility Supervisor

A Sumter County native, Micah studied Political Science at Georgia Southwestern State University and served for seven years in the Georgia Army National Guard as a Sergeant and Crew Chief aboard the UH-60L Blackhawk helicopter. After being honorably discharged from the Army, Micah began to cultivate his passion for Cryptocurrency.  Having successfully completed his ASIC Miner Repair Technician Certification, he is now pursuing his Bitcoin Certified Professional designation.  Micah’s exceptional work ethic and attention to detail have garnered him a crucial and valuable member of Team Quarry.

Tracey Demarest

Director of U.S. Operations

Tracey brings over 25 years of corporate management and operations experience to her role with Quarry.  Tracey’s degree in Information Technology compliments her extensive background in private and non-profit leadership and has resulted in her proven ability to strategically and successfully drive corporate initiatives.  A lifelong learner, she holds several financial services licenses in addition to her Blockchain Council – Certified Cryptocurrency Auditor designation.  A problem solving, goal oriented professional, Tracey is well suited to spearhead Quarry’s U.S. Operations.

David Lee

President

David is a seasoned engineer & entrepreneur with expertise in technology infrastructure. With over 20 years of industry experience. David has enabled clients and partners to innovate critical IT infrastructure and deploy solutions across multiple industries. David has collaborated with Fortune 500 companies to set enterprise strategy, modernize applications and build, run and maintain IT environments. David is a licensed Professional Engineer of Ontario with a Masters of Engineering, and Co-Founder of IT PRO CANADA and other venture companies.

Captin Sabapathy

Chief Executive Officer

An expert at fulfilling any business requirements into technical solutions architecture, Captin is widely recognized for his innovative approach to design, implementation and management of Information Technology products and services. He has been instrumental in designing and building technology platforms for multiple Fortune 500 companies across the globe. His expertise in the modeling of large-scale systems enable his clients to rapidly adopt new technology solutions. Captin is the Co-Founder of IT PRO CANADA and other venture companies. 

Michelle Demarest

operations advisor

A highly skilled Program and Project Management professional collaborating with companies across Canada and the United States, Michelle utilizes her 20+ years of technical knowledge along with strategic insights, to create and deliver enhanced integration and automation for large-scale technology startups.  Renowned for her ability to successfully manage complex projects, Michelle has a certification in Cryptocurrency from MIT, as well as certifications in Project Management (PMP), Six Sigma, Certified Bitcoin Professional (CBP) and is one of only 6000 Certified Information Security Professionals (CISSP) in Canada.

Dave Raymond

Executive Chairman

Dave is the President of Erinwood Ford Mississauga, Canada where his day-to-day responsibilities include managing over 100 employees, implementing processes to maintain award winning customer satisfaction, excellent employee moral and deploying new technologies to grow profit. Dave is also active in many other companies with a wide-ranging focus.  Mr. Raymond’s philanthropic work also includes as many as 15 charities including being a sponsor of the Erindale Collegiate and the Character Counts Award, Salvation Army’s Toy Mountain and Board Member of St. Joe’s Hospital.

Sean D'Angio

Financial Advisor

Sean is a seasoned chartered accountant specializing in corporate finance, particularly in FP&A and financial control, with a dedicated focus on the technology-driven renewables sector—spanning energy provision, clean transportation, and clean tech manufacturing. He excels in leveraging his financial acumen to contribute significantly to strategic positioning and oversight. His expertise in financial modeling, data architecture, systems deployment, and management information reporting is instrumental in driving value and providing critical insights. 

Patrick Forbes

Advisor

Patrick Forbes has decades of experience as an entrepreneur in areas ranging from construction and property development to software development and telecommunications.  Mr. Forbes’ business experience includes executive level management, finance, administration, sales, product research, operations, strategic and tactical & operations planning, logistics and deployment.  Pat is the former Chief Executive Officer of Trade 360 Corporation, a privately held Ontario corporation and has been the President and the Chairman of the Board of additional Ontario private and public companies.

Mark Fletcher

Corporate Legal Counsel

Mark Fletcher, J.D. acts as consulting Senior Corporate Counsel to Quarry Dynamics Inc.  Mark has many years’ experience at the nexus of business, law, and finance with emphases on corporate governance, capital markets, corporate finance, and mergers and acquisitions.  In addition to many years in private practice, his experience includes:  serving as General Counsel to public and private corporations; serving on the Boards of Directors of public and private corporations; and, serving as Chief Executive Officer of a publicly-traded biotechnology corporation.