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Pow.re - Series A
Overview
Funding Date
February 2, 2023
Financing amount
$9.2M
Valuation
$150M
Category
Subcategory
About Pow.re - Series A
Canadian crypto mining firm Pow.re announced that it had closed a $9.2 million Series A round as well as a $18 million strategic investment. The Series A valued the company at $150 million, and was led crypto asset management platform Haru Invest, with support from digital assets trading company Trinito as well as RFD Capital.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Unknown | -- | 1 | -- | ||
| Corporate | Unknown | -- | 5 | -- | ||
| Fund | Unknown | -- | 2 | -- |
Founders & Team
Mike Blais-Cohen
SJ Oh
Ian Descoteaux
Company Profile / Project Introduction
Pow.re specializes in operating high density computation centers and offering financial services for digital asset miners. Its operations in Paraguay will be powered by hydroelectricity. Pow.re also operates mining facilities in Wabush, Labrador, in northern Atlantic Canada, which also uses hydropower, as well as a facility near Quebec’s St. Lawrence River which uses wind power.