Pursuant to Bitcoin Mining Infrastructure Announcement, First Set of Mining Rigs Secured

VANCOUVER, BC, CANADA (Feb 11th, 2021) – Codebase Ventures Inc. ("Codebase" or the "Company") (CSE: CODE - FSE: C5B – OTCQB: BKLLF) pursuant to the Company’s January 15, 2021 announcement of its $2.5 million (USD) bit mining infrastructure acquisition, Codebase has received confirmation that the bitcoin mining rigs the Company has ordered have been processed and will commence shipping in the coming weeks to the Company’s designated North American based mining facility.


The Company will operate its first tranche of 115 state of the art Canaan A1246 miners with an aggregate hash power of 10,350 Terahash per second (TH/s).  Codebase’s bit mining infrastructure consists of the newest generation of Canaan bitcoin mining rigs, with significant ability to expand and increase the capacity of rigs being operated by the company.

The Company has also secured the first right of refusal on 5 MW of capacity at a forward-looking green powered hydroelectric hosting facility in Upstate New York where it plans to build out its Bitcoin mining operation.  The Bitcoin mining rigs will be using some of the most cost-effective renewable energy in North America.