Los Angeles CA, October 21, 2021 (GLOBE NEWSWIRE) – CurrencyWorks Inc. (“CurrencyWorks” or the “Company”), (CSE: CWRK and OTCQB: CWRK), a full-service blockchain platform provider, is pleased to Bring you an update on its environmentally friendly zero-cost energy crypto mining implementation.

CurrencyWorks has developed its Zer00 ™ crypto mining platform and implements a proprietary integrated process that uses thermal treatment (not incineration) of waste to generate energy, which CurrencyWorks’ Zer00 ™ crypto mining platform, www. currencyworks.io/zer00, will power.

The first scalable units can now not only process municipal waste (“MSW”), but also process oilfield waste, which generates enough electricity to power up to 200 cryptocurrency mining machines. The energy generated is environmentally friendly, should be self-sufficient and convert waste into energy without emissions in the process. The important net economic outcome is zero energy costs to run CurrencyWorks’ crypto mining operations.

“Having an environmentally friendly solution with no energy costs is a game changer for the crypto mining industry. Now that we will also be processing oilfield and municipal waste, we have another abundant source of fuel to scale our mining solution, ”said Cameron Chell, Chairman of CurrencyWorks.

According to recent research by Facts & Factors, the global cryptocurrency market was valued at USD 792.53 million in 2019 and could reach USD 5,190.62 million by 2026.

About CurrencyWorks

CurrencyWorks Inc. (CSE: CWRK and OTCQB: CWRK) is a publicly traded company that creates and operates FinTech platforms for digital currencies, digital assets, and security tokens.

More information about CurrencyWorks can be found at www.currencyworks.io. More information for investors can be found at www.currencyworks.io or www.sedar.com and www.sec.gov looking for CWRK.

Media contact
Arian Hopkins
[email protected]

Company contact
Bruce Elliott, President
Phone: 424-570-9446
[email protected]

Disclaimer for forward-looking statements

This press release contains “forward-looking statements”. Statements in this press release that are not purely historical are forward-looking statements and contain all statements about beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things: that the company will develop and implement a Zer00 ™ crypto mining platform; that the first scalable thermal units will produce enough electricity per day to power up to 200 of the company’s cryptocurrency mining machines; and that the company’s Zer00 ™ crypto operations will be developed, operational and scaled in the first quarter of 2022.

Material assumptions in support of these forward-looking statements include, among other things, that the thermal units will function as expected and provide power as planned; there will be no material deviations in the current regulatory environment in which the company operates; that the company will buy cryptocurrency mining machines; and the company will be able to obtain any funding it needs on acceptable terms. While management believes these assumptions are reasonable based on the information currently available, they may prove to be incorrect. These forward-looking statements are only predictions and involve known and unknown risks, uncertainties and other factors including: the risk that Fogdog will not be successful in developing its thermal power generation or that such a unit will be commercially available; the risk that the company may not be able to buy cryptocurrency mining machines or not at reasonable prices; the risk that the company cannot build the blockchain solutions efficiently; the risk of negative changes in general economic and business conditions; the risk that the company will have negative operating cash flow and insufficient capital to complete the blockchain solutions; the risk that the Company may not be able to obtain additional funding; the risk that working on the blockchain solutions could lead to increases in capital and operating costs; the risk that the blockchain solutions are subject to fraud and other errors; the risk that there may be technological changes and developments in the blockchain that make the blockchain solutions obsolete; Risks related to regulatory changes or measures that may hinder the development or operation of the blockchain solutions; the risk that other competitors will publish similar blockchain solutions; and other general risks associated with the blockchain solutions.

Each of these risks could cause the company’s actual results, activities, performance or accomplishments to differ materially from the future results, activities, performance or accomplishments expressed or implied in these forward-looking statements. Although the company has attempted to identify factors that could cause actual results, activities, performance or achievements to differ materially from those described in forward-looking statements, other factors could result in results, levels of activity, performance or achievements that are not as expected , estimated, or intended. These forward-looking statements speak as of the date of this press release and the company assumes no obligation to update the forward-looking statements or update the reasons why actual results could differ from those projected in the forward-looking statements, unless applicable law required, including the securities laws of the United States and Canada. While the company believes that all beliefs, plans, expectations, and intentions contained in this press release are reasonable, no assurance can be given that such beliefs, plans, expectations, or intentions will prove to be correct. The company assumes no liability for the disclosure in relation to any other company mentioned herein.

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