- iMining Technologies (IMIN) is relocating its headquarters to Alberta
- Benefits include services and incentives offered by province
- Able to utilize existing oil and gas wells to host future crypto mining ops
- iMining Technologies (IMIN) is engaged in cryptocurrency and blockchain space by mining cryptocurrencies and providing infrastructure and power to its colocation clients
- iMining Technologies (IMIN) down today, trading at C$0.09 as of Aug 26, 2022, 1:48pm ET
iMining Technologies (IMIN) is relocating its headquarters to Alberta.
The move to Alberta allows the company to leverage services and incentives offered by the province, putting the company in a position to empower the blockchain and Web3.0 ecosystems in Alberta. By utilizing the existing oil and gas wells across Alberta, iMining will be able to advance the hosting of future cryptocurrency mining operations.
iMining is using Osler, Hoskin & Harcourt LLP for legal assistance with its expansion into Alberta.
Khurram Shroff, CEO of iMining, commented on the news.
“With our integrated resource base, we are well positioned to provide competitive and capital-efficient solutions that align with Alberta’s needs of technology enhancement and creating high value jobs. iMining is excited to relocate to Alberta in order to help create an ecosystem around future technologies and all sectors. The establishment of iMining and its subsidiary headquarters in Alberta is a strategic move by us to further cement our presence in the Canadian blockchain space.”
iMining Technologies (IMIN) is engaged in cryptocurrency and blockchain space by mining cryptocurrencies and providing infrastructure and power to its colocation clients. The company aims to give investors exposure to the digital currency revolution and blockchain space.
iMining Technologies (IMIN) down today, trading at C$0.09 as of Aug 26, 2022, 1:48pm ET.