The acquisition allows LINK to take steps towards providing carbon offsets in the digital economy sector, immediately acquiring cash flow and creating new long-term revenue opportunities for the Company.
Stephen Jenkins, Chief Executive Officer of Link.
We will now have the ability to support existing and new clients in what is going to be a boom time in the carbon credit sector,” added Chad Clovis, CEO of Clean Carbon Equity.
None of the securities issued on closing of the acquisition were registered under the United States Securities Act of 1933, as amended , and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act.
CCE will continue to exist as a separate, wholly-owned subsidiary of LINK, allowing CCE to encourage and assist companies in achieving their commitments to carbon neutrality.
The Voluntary Carbon Offsets market size is projected to reach USD 514.7 million by 2027, from USD 247.9 million in 2020, at a CAGR of 11.0% during 2021-2027.
Through these trading activities, CCE supports clean energy projects worldwide, assists customers with reducing their Greenhouse Gas footprint and provides a resource to assist in reducing emissions to support Canada’s plan of Net Zero emissions by 2050.
Link is engaged in providing infrastructure and operating expertise for digital mining and data hosting operations.
Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “forecast”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes”, or variations of such words and phrases, or statements that certain actions, events or results “may”, “would”, “could”, “should” or “might” occur.
those set out in the Company’s most recent MD&A, fluctuations in the price of electricity, fluctuations in the price of digital currencies/Bitcoin, the future potential halving of Bitcoin, increases in the network difficulty rate and price of digital currencies/Bitcoin, negative changes in the level of digital currency/Bitcoin rewards per block, the securing of economic rates for the purchase of power, the opportunities for acquiring digital currency mining hardware, unanticipated 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, litigation risk, stock price volatility, the effects of general economic and other factors beyond the control of the Company, and other matters that may occur in the future.
This news release contains future-oriented financial information and financial outlook information about LINK’s expected increase in assets, cash flow and revenue opportunities on a post-closing of the acquisition of CCE basis, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set out in the above paragraphs.