LGLOF - Link Global Technologies to Acquire Fleet of Bitcoin ASICS Machines to Commence Its Own Bitcoin Mining Operations

(TheNewswire)

Announces Closing CAD $1,018,955Oversubscribed Non-Brokered Private Placement Units Offering

VANCOUVER, BC, CANADA – TheNewswire - JANUARY 7, 2021, LINKGLOBAL TECHNOLOGIES INC. (CSE:LNK )(CNSX:LNK.CN) ( FRA:LGT ) ( OTC:LGLOF) (“LINK” or the“Company”), an innovative power and infrastructure solutionsprovider for Bitcoin mining and data hosting operations, is pleased toannounce the closing of its non-brokered private placement (the“ Financing ”) previously announced on December 23, 2020 , by issuing  2,911,300 units (each, a “ Unit ”) at a priceof CAD $0.35 per Unit for the total gross proceeds of CAD $1,018,955.Each Unit consists of one common share of the Company (each, a“ Share ”) and one-half of one transferable common share purchasewarrant (each whole warrant, a “ Warrant ”). EachWarrant entitles the holder to purchase one additional Share at aprice of CAD $0.50 per Share for a period of 18 months from the dateof closing of the Financing.

The Company paid finders’ fees of CAD $47,886 andissued 136,818 finders’ warrants, each of which entitles the holderto purchase one Share at a price of CAD $0.50 for 18 months from thedate of closing of the Financing. All securities issued in theFinancing are subject to a four-month hold period expiring May 8,2021.

Link intends to use the net proceeds from the Financingfor:

• - The commissioning of new 10 Megawatt (MW) power sitesin Alberta. Link is generating power from dormant and stranded naturalgas assets, and supplying this power via fixed-price contracts to itsclients, which include Bitcoin miners and data hosting operations.This site will generate an additional revenue of USD $350,000 permonth for Link, as previously announced  in a  press release datedJanuary 4, 2021.

  - The acquisition of up to 1600 ASICS Miners from anundisclosed party, which the Company will use to mine its own supplyof Bitcoin.

  - Marketing and general working capitalpurposes.

Link President and Chief Executive Officer StephenJenkins commented, “We are very pleased with the level of interestin Link’s latest financing, and we appreciate the support from ournew and existing shareholders. We are executing on our business planas previously outlined in March 2020, and have since secured over 20Megawatts (MW) of power-generating assets, of which 8.5 MW has been inoperation since June 2020, generating revenues in excess of USD $1.5million (unaudited) for the Company. We are now in a position tomobilize our own fleet of crypto mining machines to self-mine forBitcoin, with the added advantage of leveraging our growing supply oflow-cost, reliable power, generated from dormant and stranded naturalgas assets. Link has substantial experience in operating crypto miningmachines and the Company looks forward to commencing its Bitcoinmining operations in the near future.”

None of the securities acquired in connection with theFinancing will be registered under the United States Securities Act of1933, as amended, and no such securities may be offered or sold in theUnited States absent registration or an applicable exemption from theregistration requirements. This news release shall not constitute anoffer to sell or the solicitation of an offer to buy nor shall therebe any sale of the securities in any jurisdiction in which such offer,solicitation or sale would be unlawful.

About Link Global TechnologiesInc.

Link is engaged in the business of providinginfrastructure and operating expertise for digital mining and datahosting operations. Link's objectives include locating and securing,for lease and option to purchase, properties with access to low-costreliable power, and deploying this low-cost power to conduct digitalmining and supply clean energy and infrastructure for otherdata-hosting services.

On behalf of Link Global Technologies Inc.

Stephen Jenkins

Chief Executive Officer & Director

For more information visit http://linkglobal.io/ orcontact:

Steve Jenkins

stephen@linkglobal.io

+1-877-770-6545

Investors please contact:

info@linkglobal.io

+1-833-707-8708

The CSE has not reviewed and does not acceptresponsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDINGFORWARD-LOOKING INFORMATION. This news releasecontains “forward-looking statements” within the meaning ofapplicable Canadian securities legislation. Forward-looking statementsconsist of statements that are not purely historical and include anystatements regarding beliefs, plans, expectations or intentionsregarding the future.  Often, but not always, forward-lookingstatements can be identified by the use of words such as “plans”,“expects”, “is expected”, “forecast”, “budget”,“scheduled”, “estimates”, “forecasts”, “intends”,“anticipates”, or “believes”, or variations (includingnegative variations) of such words and phrases, or statements thatcertain actions, events or results “may”, “would”, “could”, “should” or “might” occur. Forward-looking statements made in this news release include, butare not limited, to: the intended use of the net proceeds from theFinancing; that the Company’s new site will generate an additionalrevenue of USD $350,000 per month for Link; that the Company is in aposition to mobilize its own fleet of crypto mining machines toself-mine for Bitcoin, with the added advantage of leveraging itsgrowing supply of low-cost, reliable power, generated from dormant andstranded natural gas assets; and that the Company looks forward tocommencing its Bitcoin mining operations in the near future.

All such forward-looking statements are based onfactors or assumptions that were applied in drawing a conclusion ormaking a forecast or projection, including assumptions based onhistorical trends, current conditions and expected futuredevelopments. Since forward-looking statements relate to future eventsand conditions, by their very nature they require making assumptionsand involve inherent risks and uncertainties. The Company cautionsthat although it is believed that the assumptions are reasonable inthe circumstances, these risks and uncertainties give rise to thepossibility that actual results may differ materially from theexpectations set out in the forward-looking statements.  In the caseof the Company, these risks, uncertainties, assumptions and otherfactors include, without limitation: that the Company may use the netproceeds from the Financing for uses other than those set out in thisnews release; those set out in the Company’s most recent MD&A,fluctuations in the price of electricity, fluctuations in the price ofdigital currencies/Bitcoin, the future potential halving of Bitcoin,increases in the network difficulty rate and price of digitalcurrencies/Bitcoin, negative changes in the level of digitalcurrency/Bitcoin rewards per block, the securing of economic rates forthe purchase of power, the opportunities for acquiring digitalcurrency mining hardware, unanticipated changes in laws, regulationsor other industry standards affecting the business of the Company,reliance on key management personnel, the Company’s ability toimplement its business plan, litigation risk, stock price volatility,the effects of general economic and other factors beyond the controlof the Company, and other matters that may occur in the future. Given these risks, undue reliance should not be placed on theseforward-looking statements, which apply only as of the date hereof.Other than as specifically required by law, the Company undertakes noobligation to update any forward-looking statements to reflect newinformation, subsequent or otherwise.

This news release contains future-oriented financialinformation and financial outlook information (collectively,“FOFI”) about Link’s prospective results of operations,including revenue, all of which are subject to the same assumptions,risk factors, limitations, and qualifications as set forth in theabove paragraphs. FOFI contained in this news release was made as ofthe date of this news release and was provided for the purpose ofproviding further information about Link’s future businessoperations. The Company disclaims any intention or obligation toupdate or revise any FOFI contained in this news release, whether as aresult of new information, future events or otherwise, except asrequired by securities law. Investors are cautioned that the FOFIcontained in this news release should not be used for purposes otherthan for which it is disclosed herein.

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