TORONTO, Ontario, Canada March 7, 2018 – Khan Resources is pleased to announce that it has
made a material investment into privately held Arctic Blockchain Ltd as part of that company’s
acquisition transaction of a private UK based company called Hydro 66. Hydro 66 is an awardwinning datacenter company based in Boden, Northern Sweden and specializes in high compute
applications that include typical enterprise customers as well as some MAAS (“mining as a
service”) operators mining various cryptocurrencies.
With a commitment of $2.5 million, Khan was the largest single investor in a $10 million
convertible debenture financing that will facilitate Hydro 66’s growth plans and is also intended to
be the final private financing round prior to a Canadian public listing planned for Q2/2018.
Compete details of the Arctic / Hydro 66 transaction can be found at:
Marc Henderson, interim CEO of Khan states : “We looked at many high impact opportunities to
relaunch Khan as an active company and within the sectors that currently have the best combination
of capital markets dynamism and future long-term growth prospects, Blockchain clearly stands out.
Within that sector, the Arctic opportunity was clearly differentiated by its deeply experienced
technical team and the natural geographic advantage conferred by its Northern Swedish location
where the combination of low cost hydro power and ambient cooling are hard to replicate and
provide a significant operating cost advantage. As part of our investment, Khan has the right to
maintain it’s pro-rata participation in the future equity raises and we look forward to a long
relationship with the Company.” Henderson further added “this investment represents out initial
investment in the sector and may make other Blockchain related investments or Investments into
other sectors with attractive growth profiles.
utionary Note Regarding Forward-Looking Information
Please read Cypherpunk Holdings Cautionary Note Regarding Forward-Looking Information at the following link.
For further information contact:
Marc Henderson, interim Chief Executive Officer
Toronto, Canada +1 (416) 599 7363
130 King St. W.
Toronto, ON M5X 1B1
KHAN RESOURCES INC. www.khanresources.com