BLQC - BlockQuarry Corp. Announces Strategic Partnership with Hawkeye Industrial Services to Lead AI Computing Transformation | Benzinga
HOUSTON, June 27, 2024 (GLOBE NEWSWIRE) -- via IBN -- BlockQuarry Corp. (OTC:BLQC), a leading Texas-based energy and infrastructure company, today announced a transformative strategic partnership with Hawkeye Industrial Services. This collaboration will convert the Missouri data processing site into a state-of-the-art artificial intelligence (AI) computing facility, poised to lead the industry in high-performance AI operations and localized data processing solutions.
Strategic Vision and Market Opportunity
In an era where AI and high-performance computing (HPC) are rapidly evolving, this partnership positions BlockQuarry and Hawkeye Industrial Services at the forefront of technological innovation. The global AI market, with a projected compound annual growth rate (CAGR) of 30.4% over the next five years, offers substantial opportunities for growth and innovation. Similarly, the HPC market, valued at $50.02 billion in 2023, is expected to reach $109.99 billion by 2032, driven by increasing demands in sectors such as defense, healthcare, banking, and commercial retail. The initial transition phase will begin shortly, with the acquisition of the power contract and land lease in Missouri, dedicated to AI and data processing operations.
About BlockQuarry Corp. and Hawkeye Industrial Services
BlockQuarry Corp. is a Texas-based company known for its innovative approach to energy and infrastructure solutions. This partnership marks a significant expansion into AI computing, leveraging Hawkeye Industrial Services' specialization in data ...