Innovation Beverage Group Limited (IBG) Announces an Update Regarding its Proposed Merger with BlockFuel Energy

Innovation Beverage Group Limited (NASDAQ:IBG) is among the 12 Best Alcohol Stocks to Buy Right Now.

On February 11, 2026, Innovation Beverage Group Limited (NASDAQ:IBG) announced an update regarding its proposed merger with BlockFuel Energy, targeting a closing in the first quarter of 2026, subject to clearances and closing conditions. The parties are working to establish a vertically integrated system that monetizes hydrocarbons through traditional sales and digital energy applications. Ten wells have resumed production, and management plans to restart seven more by the end of the month, boosting active output and available gas volumes. BlockFuel intends to complete its first oil and gas sales in February 2026, with initial sales expected before March 31, providing near-term cash flow visibility following the closing.

BlockFuel is moving forward with plans to construct modular, wellhead-adjacent gas-to-power and digital mining infrastructure that will scale capacity in response to gas availability and capital deployment. Management said that onsite gas-to-power costs are expected to be lower than grid prices, reducing shipping and processing expenses. The company has signed a letter of intent to purchase around 4,000 contiguous acres of nearby producing oil fields, thereby expanding scale and improving gas output.

Innovation Beverage Group Limited (NASDAQ:IBG) develops, manufactures, markets, exports, and sells a growing beverage portfolio. It has 60 formulations across 13 alcoholic and non-alcoholic brands for which it has exclusive manufacturing rights.

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