BitZERO Blockchain Inc.

Canaccord Genuity Acts as Co-Lead Bookrunner to BitZERO Blockchain Inc. on its US$46.0 Million Private Placement

Canaccord Genuity is pleased to announce that on March 25, 2022, BitZERO Blockchain Inc. (“BitZERO“, the “Company“) completed a private placement (the “Offering“) of common shares of the Company (the “Common Shares“). In aggregate the Company issued 114,671,313 Common Shares at a price of US$0.40 per share for total gross proceeds to the Company of approximately US$46.0 million. Canaccord Genuity acted as co-lead bookrunner to the Offering.

BitZERO harnesses renewable energy within an ESG-driven Zero Carbon Displacement ecosystem to harmonize relationships between data processing, crypto-mining, commerce, communities, and the environment. BitZERO’s mining operations are designed to recapture heat displaced by its mining operations to benefit local green initiatives. BitZERO is founded on best practice ESG goals.

The Canaccord Genuity team included Michael Kogan, Todd Radons, Balraj Parhar and Mark Gubbels from Investment Banking, with support from Lily Yu from Equity Capital Markets and senior leadership support from Dan Daviau and Graham Saunders.