<p>Innovation Beverage Group Ltd. provided an update on its proposed merger with BlockFuel Energy Inc., highlighting key operational and strategic developments. The combined entity aims to become a capital-efficient energy producer with a focus on both traditional energy sales and digital asset mining. BlockFuel Energy has signed a Letter of Intent to acquire additional nearby producing oil fields, expanding its portfolio by approximately 4,000 contiguous acres and increasing available gas volumes. Ten wells are currently back in production, with seven more expected to restart by month-end. Initial oil and gas sales are anticipated in February 2026, with revenues expected before the end of the first quarter. The merger remains on track for completion in the first quarter of 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innovation Beverage Group Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9652592) on February 11, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)</p>

Innovation Beverage Group Updates on Merger Progress with BlockFuel Energy