Quarry Dynamics Announces Creation of New U.S. Subsidiary and Acquisition of 40,500 Sq. Ft. Mining Facility

Toronto, ON — 11/19/2021 –Quarry Dynamics Inc. (“QD”, “Quarry” or the “Company”), a Canadian-based cryptocurrency mining operations company, is pleased to announce the incorporation of a 100% owned U.S. subsidiary, QDI (USA) Inc. (“QDI”, or the “Subsidiary”). QDI has recently secured a 40,500 sq. ft. bitcoin mining facility in west-central Georgia,USA capable of providing up to 20 MW of power and host approximately 5,000 ASIC miners.

Quarry leadership has been working on several additional opportunities to increase its cryptocurrency production capabilities, including ongoing negotiations for additional Canadian-based facilities.

About Quarry Dynamics Inc
Quarry Dynamics Inc. is a Canadian-based cryptocurrency mining company, focusing on supporting the cryptocurrency mining sector through rapidly expanding industrial scale renewable energy mining facilities and services. Quarry is passionate about the future of Bitcoin and Blockchain technology and strives to be a driver for the design and development of 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: “intend,” “believe,” “estimate,” “expect,” “strategy,” “future,” “will” and similar references to future periods. Examples of forward-looking statements include, among others, statements made regarding expected operating results and management’s belief that the Company has or will have sufficient liquidity to fund business operations. 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. 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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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

Chief Operating Officer

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 holds 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.

David Campbell

Financial Advisor

David Campbell is an experienced financial executive and Financial Advisor to Quarry Dynamics.  David has significant experience as CFO for many private and public technology companies over the last 30 years, including taking 3 companies public as CFO and doing numerous acquisitions, divestitures, debt and equity raises.   David earned his CFA designation in 1996 and started his career as a venture investor for a C$800 million fund.  He currently spends most of this time as President of Hammond Paper Company, a paperboard distribution and converting company he acquired in 2017. 

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.