Feb. 19 at 5:58 PM
$ACRV
$IBG is a small Australia-based beverage company (founded 2019, public Sep 2024) trading near
$4.50 with a ~
$3.2M MC and over
$2M annual revenue. The company plans to merge with BlockFuel Energy, a private Texas oil & gas firm focused on converting stranded natural gas into power for BTC miners and data centers. Under the Feb 11 update (feeds.issuerdirect.com/news),
$IBG holders would own ~10% of the combined company, with BlockFuel valuations estimated around
$200M–
$350M.
The merger makes strategic sense: BlockFuel gains a reverse IPO/Nasdaq listing, while
$IBG gains capital and a new direction. The key link is CEO Dan Lanskey, who leads BlockFuel and sits on IBG’s board, with prior Oklahoma oil & gas startup experience. If completed,
$IBG shareholders retain ~10% exposure to a potential energy/AI infrastructure play.
This gives
$IBG 2x potential in the short term and 5x or more possibility when the merger completes.
