Canadian miner Pow.re attracts strategic investments

Canada-based BTC miner Pow.re announced the closing of an A round valued at $9.2 million. Overall, the company intends to raise $18 million in strategic investment. 

Pow.re’s Series A was valued at $150 million, led by digital asset trading platform Haru Invest, which was backed by digital asset trading platform Trinito. The $18 million investment will expand the company’s operations in Paraguay. 

Pow.re CFO Calvin Tay expressed his gratitude to the partners and investors. 

Our company appreciates the support of our strategic partners and investors. With their help, we will take advantage of all the opportunities the company has in the current environment. 

According to Miner’s plans for expansion in Paraguay, it is known that a hydroelectric power plant will be used as a source, and the capacity of the facility will be 500 PH/s. Recall that another Canadian miner Blockstream recently raised $125 million to expand its capacity.