Full Power Capacity Restored After Pre-Winter Maintenance at Squire Mining Operations

VANCOUVER, British Columbia, Oct. 28, 2019 (GLOBE NEWSWIRE) -- Squire Mining Ltd. (CSE:SQR | FWB:9SQ | OTCQB:SQRMF) (the “Company”) announced that it has been informed by its hosting provider in Kazakhstan that the facilities housing the Company’s cloud computing fleet that underwent temporary power black-outs are back up and operational. The black-outs were the result of the Company’s hosting provider’s power supplier undertaking a necessary upgrade in the substation transformer supplying power to the facility. The upgrades were carried out to address reliability issues prior to the upcoming winter season. The Company’s hosting provider advised that the upgrade was successfully completed on October 8, 2019.

About Squire Mining Ltd.

The Company is a Canadian based technology company engaged, through its subsidiaries, in the business of operating, managing and developing cloud computing data infrastructure and system technology to support global blockchain applications related to Bitcoin SV, Bitcoin Core and other SHA-256 based digital assets.

For further information contact:

Matthew Whitcomb

Head of Investor Relations

Telephone:

Email:

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes “forward-looking information” as defined under applicable Canadian securities legislation. Forward-looking information and statements include, but are not limited to, disclosure regarding possible events, that are based on assumptions about future economic conditions and courses of action. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties and future requirements of facility, equipment or services upgrades of the Company’s hosting provider in Kazakhstan (including disruptions and costs incurred by the Company in connection therewith). Actual results and future events could differ materially from those anticipated in such forward looking information. Accordingly, readers should not place undue reliance on forward-looking information. All forward looking information in this news release is made as of the date hereof and qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at Squire disclaims any intention or obligation to update or revise such forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.