Canary Mining Inc., a vertically integrated digital asset

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CHICAGO, March 29, 2022 (GLOBE NEWSWIRE) — Canary Mining Inc., a Chicago-based vertically integrated digital asset mining company, today announced the official launch of its company, the deployment of its management team to industry-leading and intent to offer $15,000,000.00 in SAFE Notes to qualified institutional and accredited buyers as part of its eye for rapid growth and scale.

The launch of Canary Mining in Chicago comes as the dynamics of the crypto market in the city are coming to a head just in time for summer. In 2022 alone, downtown Chicago saw cryptocurrency exchange Gemini, Chicago-based bitcoin ATM operator CoinFlip, and a host of other crypto-based companies announce long-term leases. term totaling over 125,000 square feet with no signs of stopping.

“At 20and century, Chicago was defined as a pioneer in the financial industry with the advent of commodity trading,” said Jonathan D. Herpy Sr., CEO of Canary Mining Inc.. “Now this great city has the ability to be a leader once again with invention, innovation and industry in the generation of digital assets.”

Canary Mining is focused on (a) building an industry-leading Bitcoin miner store, (b) developing financial IP and market-making technology to control Bitcoin volatility HODL, and (c) the use of company-owned environmentally beneficial soils and minerals. deposits to fuel the expansion and scale of Bitcoin mining.

“We are committed to generating our energy and managing our digital assets in a sustainable way, and believe that we are one of the first vertically integrated crypto asset mining companies with a focus on environmentally beneficial operations. using natural gas,” Herpy said when asked to comment on the company’s launch and trajectory. “As we continue to evolve, we are dedicated to operational excellence and structural alignment with key industry partners, including equipment manufacturers, power generation facility owners and the broader cryptocurrency/investment ecosystem; all contribute to our strategy for rapid growth. As Chief Managing Director, I am responsible for the ultimate strategic direction and results of Canary Mining Inc., and I am proud to work with our world-class team to attack this market with speed and precision.”

Canary intends to use the net proceeds of the offering for (i) the purchase of digital asset mining equipment, (ii) general corporate purposes, including marketing and publicity, legal, accounting, regulatory audit and preparation for next round of funding (estimated for approximately $50,000,000.00), (iii) identification, negotiation and procurement of lands and minerals , and (iv) research and development of intellectual property.

About Canary Mining

Canary Mining Inc. is a digital asset technology company focused on (a) mining Bitcoin digital assets without infrastructure overhead, and (b) utilizing company-owned mineral-rich land to evolve and expand our digital mining efforts using environmentally friendly natural resources. gas reserves in some of the most environmentally and economically neglected parts of the United States.

Canary Mining Inc. – Media Contact

Isabelle Pizzo | Phone: 312-767-6655 | Email: media@canarymining.io

Forward-looking statements

This press release contains forward-looking statements, including statements regarding the expected terms of the Notes offered, the completion, timing and size of the proposed offering and the intended use of the net proceeds of the offering. Forward-looking statements represent Canary Mining’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among these risks and uncertainties are market conditions and risks associated with Canary Mining’s business. Canary Mining may not complete the proposed offer described in this press release and, if the proposed offer is completed, cannot provide any assurance as to the final terms of the offer. The forward-looking statements included in this press release speak only as of the date of this press release, and Canary Mining does not undertake to update the statements included in this press release for subsequent developments, unless the law requires it.

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Bitcoin Mining Equipment – ASIC Miners – Canary Mining Inc.

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