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Author: Admin | 2025-04-28
IMD Companies, Inc. (OTC: ICBU) is offsetting its crypto mining operations costs by moving toward solar power. Cryptocurrency technology development company, iMD, has announced an eco-friendly upgrade to its crypto mining rigs. According to a press release, iMD stated it has implemented solar-powered cryptocurrency mining by upgrading its server mining rigs. The goal is to offset the cost of the massive amount of power required for mining cryptocurrencies. The company stated that it has “been re-positioned to be a holding company for acquisitions and technology development in the financial, blockchain, cryptocurrency, and NFT (non-fungible token) markets.”iMD will also be upgrading its mining strategy along with mining equipment. The announcement states that after conducting research and testing, the company will be focusing on mining bitcoin, Ethereum, ADA, Litecoin, and Bitcoin Cash. “We’ve decided to move in this direction due to the market moves and growth within the above coins.” Its goal is to make the most of what it considers to be the assets with the highest profit as the market currently stands. Additionally, the move is to help iMD develop its in-house crypto utility/asset-based coin. The coin is scheduled to launch by the end of August with an initial offering of 100 million. The company states that the iMD coin “will be backed by a basket of assets from bitcoins, Ethereum, litecoin, Bitcoin Cash, and ADA.” Crypto miners going greeniMD is the latest of a growing group of crypto miners to be moving towards a greener future for the industry.
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