Dynamite Blockchain Corp. — M&A Activity 2025

Jan 30, 2025

Dynamite Blockchain Corp.

Dynamite Blockchain Closes Investment in Kaspa Mining Limited

Vancouver, B.C., January 30, 2025 – Dynamite Blockchain Corp. (the “Company” or “Dynamite”) (CSE: KAS) is pleased to announce that, further to its news release dated January 29, 2025 (the “Prior News Release”), it has successfully closed its previously announced acquisition of a 20% stake in Kaspa Mining Limited (“Kaspa Mining”).

For a description of Kaspa Mining and the specific terms of the acquisition and the consideration paid therefor, please see the Prior News Release.

Strategic Significance of the Closing

"The closing of this transaction marks a pivotal step forward in Dynamite Blockchain’s long-term vision for Kaspa," commented Akshay Sood, CEO of Dynamite Blockchain.

"By finalizing this strategic investment, we are reinforcing our commitment to building a robust and scalable Kaspa ecosystem while securing a foothold in the mining sector with a cost-efficient and high-performance operation."

Next Steps

With the closing of this transaction, Dynamite remains focused on leveraging its investment to expand its Kaspa-based initiatives. The Company will continue evaluating opportunities to enhance its mining operations, explore new revenue streams within the Kaspa ecosystem, and support the network’s growth.

"Today’s milestone reflects our unwavering belief in the transformative power of Kaspa," concluded Mr. Sood.

"As we advance our mining and ecosystem development efforts, we are confident that this investment will create lasting value for our stakeholders."

On behalf of the Company,

Akshay Sood,
Chief Executive Officer
Telephone: 236-259-0279

---

Dynamite Blockchain Corp.

About Dynamite Blockchain Corp.

Dynamite Blockchain is a blockchain technology infrastructure company focused on building a diversified blockchain ecosystem focused on Kaspa.

Forward-Looking Statements

The information in this news release includes certain information and statements about management's view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward-looking statements in this news release include, without limitation, statements respecting: the transaction marking a pivotal step forward in the Company's long-term vision for Kaspa; the Company reinforcing its commitment to building a robust and scalable Kaspa ecosystem while securing a foothold in the mining sector with a cost-efficient and high-performance operation; the Company's plan to continue evaluating opportunities to enhance its mining operations, explore new revenue streams within the Kaspa ecosystem, and support the network's growth; the Company's belief that the investment will create lasting value for its stakeholders. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise.

The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.