Pow.re, a Canadian cryptocurrency mining firm, announced on Thursday the completion of a $9.2 million Series A round as well as a $18 million strategic investment. The $150 million Series A round was led by crypto asset management platform Haru Invest, with support from digital assets trading company Trinito and RFD Capital. Haru provided the $18 million strategic investment, which will be used to fund the company’s expansion into Paraguay. With its expansion in Paraguay, the miner expects to have more than 500 Petahash per second (PH/s) of mining capacity this quarter.
