Innovation Beverage Group filed a Form 6-K to disclose an October 28, 2026 press release from BlockFuel Energy Inc., in which it holds approximately 51% ownership. The subsidiary announced that drilling for the proposed Steinman #1-23 well is expected to commence in early December 2026 and that its initial natural gas-powered computing equipment has begun operations near Stillwater, Oklahoma. These developments support BlockFuel's strategy to expand oil and natural gas production while commercializing locally produced gas through onsite data mining. The filing reiterates the proposed merger between Innovation Beverage Group and BlockFuel Energy, which is pending required regulatory approvals and Nasdaq listing approval. Upon completion, Innovation Beverage Group will be renamed BlockFuel Energy Limited. Innovation Beverage Group develops, manufactures and markets alcoholic and non-alcoholic beverages.
