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Vancouver, British Columbia – (Newsfile Corp. – July 20, 2021) – iMining Blockchain and Cryptocurrency Inc. (TSXV: IMIN) (FSE: P1A) (the “Company” or “iMiner“) is pleased to announce that it has entered into a colocation agreement with Fiber Center Facilities Ltd. (” Fiber Center “).
Fiber Center is a privately held company headquartered in Moncton, New Brunswick, which operates a telecommunications facility as one of the major Canadian operator hotels and data centers hosting the major global operator networks , national and regional in level III facilities. Located in the Atlantic Canada region, Fiber Center is strategically positioned between major markets in North America and Europe, with direct fiber links to London, Paris, Frankfurt, Boston, New York, Toronto and other major cities.
With the colocation agreement with Fiber Center, iMining will leverage mission critical colocation space, competitive power and direct access to major internet networks such as the world’s largest internet service provider – Hurricane Electric, thus positioning iMining at the forefront of blockchain technology and AI. growth as a dedicated physical infrastructure and cloud platform provider. iMining is deploying its own global private fiber-based network, not accessible from the public Internet, which will be the first in the market to provide unprecedented security and stability to digital currency transactions between major global markets and customers of the private cloud.
iMining and Fiber Center are currently in talks to immediately secure 100 MW of capacity and plan to potentially secure over 300 MW next year to meet the rapid growth of iMining blockchain infrastructure and services.
“We laud iMining’s leadership for its visionary approach to advancing cutting-edge technology. Blockchain and AI are designed to move data over IP and their very existence is based on the Internet. Nevertheless, few people realize this, despite the example of all large and medium “traditional” web businesses, including cloud platforms, it is crucial to know how your infrastructure enters the information superhighway, whether in a battered station wagon on a dirt road, or in a Ferrari on a freeway. Fiber Center is proud to be the first operator hotel in North America to welcome digital asset industry leaders like iMining, offering both services competitive high-power hosting and a direct access ramp to the world’s major Internet networks and dark and enlightened fiber infrastructure, ”said Uri Litvinenko, CEO of Fiber Center.
“We are very pleased to be working with one of the leading hotel carriers in Canada, which provides us with direct access to the Internet core network and a robust hosting site with cost effective power for currency staking and mining. digital, ”said Khurram Shroff, President and CEO of iMinage. “Additionally, Fiber Center will enable iMining’s private and secure network to move digital assets globally at the best possible speeds over the world’s major fiber optic networks.
About iMining Blockchain and Cryptocurrency Inc.
iMining Blockchain and Cryptocurrency Inc. is a growth-oriented TSX Venture Exchange listed company focused on connecting traditional capital markets with blockchain investment opportunities. Through its wholly-owned subsidiaries, the company offers retail and institutional investors a safe and secure way to stake, operate and trade digital assets using proprietary and secure solutions. We are driven by our core values to operate with transparency, efficiency and sustainability as we work to create long-term shareholder value.
ON BEHALF OF THE BOARD
Signed “Khurram Shroff“
Khurram Shroff, Chairman of the Board, President and CEO
FOR MORE INFORMATION, please contact:
IMining corporate offices:
Robert Eadie, director
Email: [email protected]
Telephone: 1-604-602-4935 f Fax: 1-604-602-4936
Toll free: 1-866-602-4935
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain forward-looking statements that relate to future events or future performance (including, but not limited to, future business transactions with Fiber Center) and reflect the current expectations and assumptions of management, and are based on assumptions made by currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties which may cause future results to differ materially from those expected, including, but not limited to, the conditions market, funding availability, activities, future cryptocurrency prices, operational risks and other risks in the cryptocurrency industry. All forward-looking statements contained in this press release are qualified by these cautionary statements and those contained in our continuous disclosure documents available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90660