CANADA – Pow.re Holdings Limited, a Montreal, Canada-based computing (“HDC”) proof-of-work digital mining and fintech enterprise, raised US$9.2M in Series A funding at a US$150 million post-money valuation.
Haru United Pte Ltd., a holding company of asset management platform, haruinvest.com – led the round joined by Trinito Corporation, RFD Capital Pte Ltd and others. Pow.re also announced an US$18M strategic investment from Haru and partnership in the company’s first HDC site in Paraguay.The company’s new facilities in Paraguay will be energized through agreements between Pow.re and the Administración Nacional de Electricidad Ande (“ANDE” – national power distributor). Pow.re is a PoW digital miner deploying HDC data centers in proximity to sustainable stranded energy sources to produce hashing power. Pow.re will leverage its proprietary hashing power, to commodify hashing power markets and capacitate hedging and investment.03/02/2023
