Innovation Beverage shares surge 19.67% after-hours as merger with BlockFuel advances, driving energy and digital infrastructure expansion.

Innovation Beverage Group surged 19.67% in after-hours trading following a business update highlighting progress in its merger with BlockFuel Energy and strategic energy expansion. The company announced the $12.5 million acquisition of Oklahoma oil and gas assets, including 46 wells, alongside plans to deploy 6 MW of natural gas-powered generation for bitcoin mining. A joint venture in the UAE with Greenbelt Industries for a digital asset mining facility and a $2.0 million equity financing further underscored operational momentum. The merger, expected to close by Q1 2026 pending Nasdaq approval, aims to position the combined entity as a vertically integrated energy and digital infrastructure platform. These developments signaled accelerated execution of a diversified growth strategy, fueling investor optimism about enhanced revenue streams and long-term scalability.