Encryption mining enterprise Pow.re signed a contract of 100 MW power in Paraguay

It is reported that Pow.re, a Canadian encryption mining enterprise, signed a contract for 100 megawatts (MW) of electricity in Paraguay with a five-year fixed rate agreement, but Pow.re did not specify the electricity price. In February, Pow.re, a Canadian encryption mining enterprise, completed a round A financing of US $9.2 million with a valuation of US $150 million. HaruInvest led the investment and Trinito and RFD Capital participated in the investment. In addition, Pow.re also received a strategic financing of US $18 million from Haru Invest.

Interpretation of this information:

The message reports that Pow.re, a Canadian encryption mining enterprise, has signed a contract for 100 MW of electricity in Paraguay with a five-year fixed rate agreement. However, there is no mention of the electricity price. This comes after Pow.re completed a round A financing of US $9.2 million in February, which had a valuation of US $150 million. The investment was led by HaruInvest, with Trinito and RFD Capital also participating. Additionally, Pow.re received a strategic financing of US $18 million from Haru Invest.

The fact that Pow.re has signed a contract for 100 MW of electricity in Paraguay is significant as it points towards the company’s expansion and growth plans. This move will enable the company to have a steady power supply for its mining operations, which are energy-intensive. It is worth noting that Paraguay is known for its low-cost hydroelectricity, which is a key factor for Pow.re in terms of cost savings. However, the lack of information about the electricity price is concerning as it leaves investors and other stakeholders wondering what the cost implications of the contract are.

The round A financing of US $9.2 million is another key highlight of the message. This investment round was led by HaruInvest, which is a digital asset investment firm. It is notable that this round had a valuation of US $150 million, which indicates that investors have confidence in Pow.re’s growth and expansion plans. The participation of other firms such as Trinito and RFD Capital also shows that Pow.re is attracting interest from different types of investors.

The strategic financing of US $18 million from Haru Invest is yet another milestone for Pow.re. This investment will enable the company to expand and develop its mining operations further. Additionally, it shows that Haru Invest, which is a significant player in the digital asset investment space, has confidence in Pow.re’s potential.