BlockQuarry Corp. (OTC:BLQC) Stock in Focus After a Key Update
On Thursday, BlockQuarry Corp. (OTC:BLQC) emerged as one of the companies to have come into the news cycle, and before the start of trading today, it could be a good move to take a closer look into the developments. The energy and infrastructure company, which is based out of Texas, announced key updates with regards to the successful operations at its new site in Missouri.
The operations of the site had been led and guided by BlockQuarry Corp.’s president and chairman, Alonzo Pierce, and Lawrence Davis, its Chief Operating Officer. Davis had played a major role in taking forward the operational vision of the company since his appointment.
One of Davis’ more important projects had been the successful launch and reintegration of the company’s self-mining site in Mason, Missouri. BlockQuarry Corp. announced in its news release that, as of yesterday, the self-mining operations were live with two active pods. The projected revenues from the operations stood in the range of $1.4 million to $1.7 million. The company noted that it was only the beginning of its plans for expansion since, by the end of 2023, it was expected to power up to four pods.
“I couldn’t be more proud to say with confidence that BlockQuarry has delivered on its promise, achieving operational status before year-end, thanks to our seamless transition to the new Missouri site,” Pierce said. “The fact that we were able to turn around this new site, post-Gaffney court ruling, in the short amount of time that we did, reflects our unwavering confidence in Lawrence’s leadership and the team that BlockQuarry has put together.”
One of the more important things about the Mason site is that it was designed for instant scalability and could ramp up to an operation power of as much as 9 MW from the beginning. Due to the considerable rise in capacity, the possible revenues from the self-mining site in Macon could hit the $3 million to $3.4 million range annually. Davis spoke about the latest milestone yesterday.
He noted that it signified a major step forward in the company’s commitment to speed up BlockQuarry Corp.’s growth. He went on to add that the site was going to be a launch pad for the company to display its expertise to potential clients.
