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Pow.re - Strategic
Overview
Funding Date
February 2, 2023
Financing amount
$18M
Valuation
--
Category
Subcategory
About Pow.re - Strategic
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 $18 million strategic investment came via Haru, and will be used to finance the company's expansion into Paraguay.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Unknown | -- | 1 | -- |
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.