iM Intelligence Mining (iM) Raises $2.5 Million for Clean Mining
Environmentally responsible crypto mining solutions provider iM has successfully concluded its latest funding round which saw the project raise $2.5 million from top crypto funds and investors.
Shortly after the financing round closure, iM announced it would launch its first green mining facility in Arkansas. Notably, the firm has already completed its latest prototype for the flagship farm (1MGW).
For the uninitiated, iM offers solar-powered, decentralized, autonomous mining rigs and leverages a fully renewable ecosystem and reusable infrastructure to ensure the environment is unharmed during highly profitable blockchain mining.
iM will primarily use the latest funds toward the acquisition of mining rigs and optimization of its renewable energy technology, the press release reads.
The mining firm stated its target audience comprises of blockchain and tech investors, early adopters, young enthusiasts, and those driven by sustainability, collaboration, corporate social responsibility, and human rights.