Miner Pow.re raises $9.2M at $150M valuation


Canadian mining company Pow.re has closed a $9.2M Series A funding round. Its valuation has reached $150M. says in a press release.

The round was led by crypto asset management platform Haru Invest, which also provided a strategic investment of $ 18 million. Pow.re will use these funds to expand its business in Paraguay.

Other participants in the round were Trinito Corporation and RFD Capital.

“This will enable us to accelerate growth and capitalize on opportunities in current market conditions,” said Pow.re CFO Calvin Tai.

The company plans to allocate funds for infrastructure development.

Recall that in January, the infrastructure company Blockstream raised $125 million to expand hosting services.

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