InvestorNewsBreaks – BlockQuarry Corp. (BLQC) Cancels $5M in Debt, Strengthens Balance Sheet

Jan 10, 2023

BlockQuarry (OTC: BLQC), a Texas-based company with commercial-stage operations in the energy and infrastructure industry focusing on cryptocurrency mine hosting and self-mining in the Southeast United States, today provided an update to its shareholders. According to the announcement, the company has cancelled $5 million in debt, resulting in a 30% reduction in overall liabilities on its balance sheet. In addition, BlockQuarry was able to extend maturity dates on its remaining notes with its largest debtholder, RB Capital Partners. “I’m very excited about the substantial moves we were able to make with some of our debtholders, including our largest investor, RB Capital. These moves are a key part of our strategy to clean up our balance sheet and help maximize shareholder equity,” said Alonzo Pierce, president and chair of BlockQuarry. “Not only were we able to cancel debt, but we were also able to extend the maturity date on our remaining notes with RB Capital, taking them out of default. This is important, as it will reduce the derivative liabilities that show up on our balance sheet. The company is now in a much stronger position, and shareholder value has undoubtedly increased.”

To view the full press release, visit https://ibn.fm/GsyJq

About BlockQuarry Corp.

BlockQuarry is an energy and infrastructure company focused on cryptocurrency hosting and self-mining operations, with leased properties located within the Southeast United States. BlockQuarry also maintains a fleet of digital/cryptocurrency mining equipment and infrastructure.

NOTE TO INVESTORS: The latest news and updates relating to BLQC are available in the company’s newsroom at http://ibn.fm/BLQC

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

More News

NBA: Jamal Murray, Nuggets sink Suns with torrid 3-point shooting

Oct 31, 2026

NBA: Jamal Murray, Nuggets sink Suns with torrid 3-point shooting

Jamal Murray scored 39 points and made seven 3-pointers, Christian Braun had 29 points and a career-high seven 3-pointers, and the Denver Nuggets opened NBA Cup play with a 127-120 victory over the host Phoenix Suns on Friday.

Yolanda Hopkins upsets World No. 3 Gabriela Bryan to reach WSL Championship Tour Philippines Pro quarterfinals

Oct 31, 2026

Yolanda Hopkins upsets World No. 3 Gabriela Bryan to reach WSL Championship Tour Philippines Pro quarterfinals

MANILA, Philippines —  World No. 14 Yolanda Hopkins pulled off a major reversal, knocking out World No. 3 Gabriela Bryan to advance to the quarterfinals of the inaugural World Surf League (WSL) Championship Tour Philippines Pro at the iconic Cloud 9 reef break in Siargao on Saturday. Hopkins came through in Heat 2 of the women's competition, posting a combined score of 10.10 from waves worth 5.27 and 4.83 to eliminate the highly-ranked American and arrange a quarterfinal showdown with World No. 6 Caitlin Simmers in the event presented by the Philippine Sports Commission (PSC), with the support of Surigao del Norte Gov. Robert Lyndon Barbers, General Luna Mayor Johnson Sajulga and Vice Mayor Romina Sajulga. Bryan, finished ninth with a total of 7.00, combining scores of 4.00 and 3.00 to collect 2,000 championship points. The competition unfolded under four- to six-foot waves, giving the world's best surfers challenging conditions to display their skills, while calm winds helped maintain a steady lineup. Also making her way into the quarterfinals was Simmers, who dominated fellow American and World No. 11 Caroline Marks in their opening-round encounter. Simmers posted an impressive 15.17 on a 9.00 and a 6.17. Marks could only managed 9.00 from waves scoring 5.50 and 3.50 and likewise settled for ninth place with 2,000 championship points. Beyond her impressive performance, Simmers expressed her admiration for Cloud 9, describing the famed Siargao break as one of her favorite surfing destinations because of the technical challenges and opportunities it offers.  “Honestly, I keep telling people it's one of my favorite waves on the planet because it's just really tight, and you kind of have to do some exciting things in the spaces you get. It's pretty hard to just do your stock-standard couple of turns on it,” said Simmers. The American explained that Cloud 9 demands creativity and precise timing, as its changing sections can force surfers to adjust their approach while looking for opportunities to execute difficult maneuvers. She also singled out the wave's end section as a promising spot for aerial moves, expressing hope that the world's top female surfers would take advantage of the opportunity to showcase their skills. “I think I'm just hoping all the girls do airs because these are the best surfers in the world, best women in the world. And I know every single one of them can do an air on that end section. It's just a matter of timing, really,” she said. Simmers believes the challenging but rewarding nature of Cloud 9 could produce spectacular performances as the competition progresses, particularly with the world's best women surfers battling for a place in the next round. The event is also supported by the Philippine Amusement and Gaming Corporation (PAGCOR), Department of Tourism (DOT), Department of Public Works and Highways (DPWH), Tourism Infrastructure and Enterprise Zone Authority (TIEZA), and NEA/SIARELCO. TMT

Delos Santos sets new junior world records in Ningbo

Oct 31, 2026

Delos Santos sets new junior world records in Ningbo

MANILA, Philippines — Albert Ian Delos Santos finished out of the podium in the 2026 IWF World Weightlifting Championships, but delivered a promising performance by shattering two junior world records in the men’s 70-kilogram (kg) division in Ningbo, China. The 20-year-old Asian Junior champion came off a bronze finish in the 2026 Asian Games in Aichi-Nagoya, Japan, and was not over in setting new records as he eclipsed his previous world junior record He lifted a total of 331kg, built on 144kg in the snatch and 187kg in the clean and jerk. to surpass his previous total lift of 324kg that he made in the Asian Games. He also eclipsed his own record in the clean and jerk of 183kg. To put the 331 kg total into perspective, it is almost equivalent to the weight of a standard grand piano, an average commercial soda vending machine, or about 11 golden retrievers. First Filipina Olympic gold medalist Hidilyn Diaz formerly lauded Delos Santos and knew that he was meant to reach greater heights “Ian is one of our future Olympian gold medalist in the Philippines, as you can see he’s a junior world record holder, then he won here at 20 years old, competing in Asian Games, and it’s his first time,” Diaz told the media during Delos Santos bronze finish in Asiad.   “He is one of a kind, and I can’t describe how brave he is,” she added. North Korea took the top two spots, with Pak Pyol winning gold with a world-record total of 355 kilograms, while Ri Won Ju took silver with 343 kg, and China’s He Baozhen rounded out the podium with bronze, lifting 339 kg. Although he fell short of a medal, Delos Santos delivered one of the competition’s standout performances, improving his own junior records against some of the world’s top lifters. Delos Santos is expected to move up to the 75-kilogram category for the IWF qualifying competition in Qatar in December as he continues his international campaign.

NBA: Warriors escape 25-point hole behind Stephen Curry's 31, top Lakers

Oct 31, 2026

NBA: Warriors escape 25-point hole behind Stephen Curry's 31, top Lakers

Stephen Curry bombed in 31 points, the Golden State bench chipped in with 50 more and the Warriors exacted a measure of revenge from an opening-night loss with a 112-95 triumph over the Los Angeles Lakers in each team's NBA Cup opener on Friday in San Francisco.

Japanese bodybuilder, 90, hopes to inspire others to remain active, challenge limits

Oct 31, 2026

Japanese bodybuilder, 90, hopes to inspire others to remain active, challenge limits

Nonagenarian Japanese bodybuilder ⁠Toshisuke Kanazawa took to ⁠the stage on Spain’s Costa del ⁠Maresme on Friday, aiming to prove that age is no barrier to peak physical fitness. The 90-year-old travelled to the coastal town of Santa Susanna to compete against rivals decades his junior in the masters category for athletes aged 50 and older ‌in a competition held by the International Fitness and Bodybuilding Federation. Backstage, Kanazawa mirrored the preparations of younger competitors, warming...

Kings bamboozle Beermen to move within win semis sweep

Oct 31, 2026

Kings bamboozle Beermen to move within win semis sweep

With the manner of how they won Game 2, Barangay Ginebra coach Tim Cone is quite surprised with the way his Gin Kings have taken a 2-0 lead over San Miguel Beer in their best-of-five PBA Governors’ Cup quarterfinal series. Not that he doesn’t want it. “We didn’t even dream that we would be able

Shnaider deals Eala another heartbreak, this time in Japan

Oct 31, 2026

Shnaider deals Eala another heartbreak, this time in Japan

Diana Shnaider again put an end to Alex Eala’s tournament on Friday when the Russian carved out a 2-6, 7-6 (7-5) win that denied the popular Filipino a place in the quarterfinals of the WTA 500 Toray Pan Pacific Open in Tokyo. And for the second time in two weeks, Eala—and her massive following—would have

Experienced Cool Smashers still perfect

Oct 31, 2026

Experienced Cool Smashers still perfect

Despite eking out a straight-sets win to stay unbeaten in four games in the PVL All-Filipino Conference Siklab Series on Thursday evening, Creamline gave Capital1 its flowers after a hard-fought duel, especially in the neck-and-neck second set at Santiago Sports Arena in Isabela. Jema Galanza and Bernadeth Pons hit the telling blows as the Cool

Shin coasts to nine-shot triumph at Apo

Oct 31, 2026

Shin coasts to nine-shot triumph at Apo

Micah Shin did more than enough in his victory march on Friday, shooting a two-under-par 70 to win the ICTSI Apo Golf Classic by a whopping nine shots and bookend his PGT season with wins on two of the toughest challenges in the circuit. The Korean-American, who learned to play the game at a high

Archers, Eagles enter next 100 games of their rivalry in tiebreak clash

Oct 31, 2026

Archers, Eagles enter next 100 games of their rivalry in tiebreak clash

La Salle and Ateneo are looking to extend their winning ways in the second round of the UAAP Season 89 men’s basketball tournament as they enter the next 100 games of their seething age-old rivalry in a match carrying big Final Four implications. Both the Green Archers and the Blue Eagles are actually working on

NBA Scores today: Warriors vs Lakers, Suns vs Nuggets, 76ers vs Knicks, and other games

Oct 31, 2026

NBA Scores today: Warriors vs Lakers, Suns vs Nuggets, 76ers vs Knicks, and other games

Here are the scores of the NBA games played on Friday, October 30 (US time).

NBA: Cooper Flagg, Kyrie Irving combine for 68 as Mavericks top Rockets

Oct 31, 2026

NBA: Cooper Flagg, Kyrie Irving combine for 68 as Mavericks top Rockets

Kyrie Irving and Cooper Flagg combined for 68 points, and the Dallas Mavericks erased an 11-point second-half deficit to beat the visiting Houston Rockets 116-111 in an NBA Cup opener for both on Friday.

Recommended

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.