March 16, 2021 6:00 AM

Mr. Chernoff To Focus on Maximizing Results for Code’s Bitcoin Mining Operations and Ongoing Blockchain Investments 

VANCOUVER, BC, CANADA (March 16th, 2021) – Codebase Ventures Inc. ("Codebase" or the "Company") (CSE: CODE - FSE: C5B – OTCQB: BKLLF) is pleased to announce the Company has engaged Jacob Chernoff to assist with their ongoing investments and operations within the Bitcoin Mining and Blockchain ecosystem. In addition, Mr. Chernoff will serve as a Strategic Advisor to the Company, joining Mr. Jeff Koyen and Mr. Laurent Zhang.

Jacob is a seasoned investor and entrepreneur, integrating aspects of traditional venture capital within the Blockchain and Cryptocurrency markets. With over six years of experience working with Blockchain developers and company management alike, Jacob will be essential in Codebase’s plans to explore and capitalize on emerging market trends within the Blockchain ecosystem. In addition, Jacob has worked with a number of public companies - evaluating and revising Blockchain-based business proposals, raising seed capital, and deconstructing complex technical aspects of Blockchain and cryptography into an easily digestible format.

Jacob Chernoff Blockchain Ecosystem Expertise Highlights:

  • Bitcoin Mining – Identified opportunities and oversaw the acquisition, purchase, set-up and operation of Bitmain ASIC miners. Resulting in significant and sustainable monthly revenue generation.

  • Decentralized Finance (DeFi) - Co-wrote and assessed the viability of leveraging aspects of Decentralized Finance to offer investors and companies returns not found within the traditional finance system. Jacob worked directly with Blockchain developers to flush out the technical requirements as well as total development and operational costs from initial launch to project completion.
  • Blockchain for Rare Gems - Assessed viability of creating a blockchain focused on bringing transparency to the sale of rare gems, allowing for tracking of the gem's history from mine to point of sale. Within that project, Jacob deployed an ERC20 token 'E-Diamond' with the potential to offer fractional ownership of bulk gems by large mining companies and investors.
  • Initial Coin Offerings (ICO) – Extensive experience investing in the ICO boom during 2016-2017, with Jacob participating in the very first ICO on the Ethereum platform. Leveraging traditional aspects of Venture Capital and using them within the cryptocurrency market to deliver significant return on investment.
  • Non-Fungible Tokens (NFT) – Currently very active in the emerging (NFT) ecosystem, buying and selling rare digital artwork on the Ethereum Blockchain.

With this engagement, Codebase has positioned themselves to utilize Jacob’s knowledge and connections to explore high growth opportunities throughout the Blockchain Ecosystem including Code’s existing interests, and future strategy development and acquisitions.

The Company also announced that it has engaged INN (Investing News Network) to provide investor awareness services.

About Codebase Ventures Inc.

Codebase Ventures Inc. seeks early-stage investments in sectors that have significant upside. We seek innovators who are establishing tomorrow’s standards. We support those innovators and help take their ideas to market.

For further information, please contact:

George Tsafalas - Ivy Lu

Investor Relations

Telephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150

E-mail: [email protected]


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.  A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Sign up to receive updates

By providing your e-mail address, you are consenting to receive press releases and other information relating to Codebase Ventures Inc. You may withdraw your consent at any time by using the unsubscribe feature.