PoW digital mining startup Pow.re lands $9.2m Series A round

• The deal gives Pow.re a $150 million post-money valuation
• Pow.re has also secured a $18 million strategic investment from Haru and partnership in the company’s first high-density computing site in Paraguay
• Pow.re has added digital mining veterans Anthony Levesque and Carson Smith to its advisory board

Montreal-based Pow.re Holdings, a high-density computing, proof-of-work digital mining and financial technology startup, has raised $9.2 million in Series A financing. The deal gives Pow.re a $150 million post-money valuation

Haru United led the round, with participation from Trinito Corp, RFD Capital and other investors.

Pow.re has also secured a $18 million strategic investment from Haru and partnership in the company’s first high-density computing site in Paraguay.

Pow.re is a PoW digital miner deploying HDC data centers in proximity to sustainable stranded energy sources to produce hashing power. The funds raised will help the startup execute its counter-cyclical ASIC purchasing and infrastructure growth strategy.

“We are grateful to our strategic partner and investors for their support and conviction in our execution capabilities.” said Calvin Tay, Pow.re’s Group CFO, in a statement. “This mandate will enable us to accelerate our growth and capitalize on opportunities in current market conditions.”

Pow.re has added digital mining veterans Anthony Levesque and Carson Smith to its advisory board. Levesque is a former vice president of operations at BitFarms and Smith is the CEO of SBI Crypto.