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iM Intelligent Mining is headed to Arkansas.
iM Intelligent Closes Funding Round
iM Intelligent Mining (iM), a provider of environmentally responsible energy solutions for powering cryptocurrency mining operations, has announced the conclusion of a $2.5 million financing round.
iM didn’t name entities involved in the growth funding round, but the list of investors included several prominent individuals and crypto funds.
Looking to seize on the moment, iM revealed plans to launch its first mining facility in Arkansas. The company has already completed its newest prototype for the flagship farm (1MGw).
After years of research and development, iM is uniquely positioned to capitalize on industry tailwinds with its new system, which incorporates autonomous, solar-powered, and decentralized mining rigs. The company has devised a fully renewable ecosystem and reusable infrastructure to enable highly profitable blockchain mining without harming the environment.
With fresh capital in hand, iM is poised for further growth with these funds set to go toward the acquisition of mining rigs and optimization of its renewable energy technology in those warm conditions.
iM’s target audience includes blockchain and tech investors, early adopters, young enthusiasts, and those driven by sustainability, collaboration, corporate social responsibility, and human rights.
Ownership is represented by the iM token, whose holders retain fractional ownership of autonomous mining farms and take 60% of operations’ profit. The utility token also provides staking rewards to holders over time and can be used to stake in exchanges and liquidity pools.
This milestone also hastens the migration of more global mining power to North America. With the Chinese government’s recent crackdown on mining facilities, the landscape appears to be shifting.
IM is feeling good about the future of cryptocurrencies despite the decline in the value over the last three months. The company…