12:17 PM EST, 01/29/2025 (MT Newswires) -- Dynamite Blockchain ( CRYBF ) Wednesday said it terminated its proposed acquisition of Kaspa Mining and entered into a new arm's length share purchase agreement.

Kaspa Mining's operation is composed of 25 Bitmain KS5 Pro miners collectively producing approximately 510 TH/s, and is hosted pursuant to a competitively priced management services agreement with 1001038815 Ontario Inc.

The management services agreement provides Kaspa Mining with an electricity rate of $0.055 per kilowatt-hour; hosts Kaspa Mining's operation through the Mining Host's proprietary AI-driven optimization software, KASPAMind, which is designed "to enhance mining efficiency, optimize hardware performance and maximize rewards by adapting to Kaspa's unique proof-of-work (PoW) architecture;" and allows Kaspa Mining the ability to increase operational capacity to 100 miners with continued support.

"This acquisition marks another significant step towards the company's mission to become a leader in the Kaspa ecosystem," said Dynamite chief executive Akshay Sood.

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