Pow.re

Pow.re is an innovative digital mining company founded in 2019. It develops and operates high-density computing centers (HDCs) located in regions with abundant renewable energy, such as Canada and Paraguay. The company actively uses hydroelectric power to power its facilities, minimizing its carbon footprint and reducing operational costs.

In 2023, Pow.re raised $9.2 million in Series A funding and entered into an $18 million strategic partnership with Haru United Pte Ltd., expanding its operations in Latin America. The company began construction of two data centers in Paraguay that will run on hydroelectric power and provide an additional 4.5 EH/s of capacity.

Pow.re is also developing financial instruments for hedging risks and investing in hashrate. Its Pow.re Markets platform allows traders and miners to enter into contracts for the supply of hashrate, while Pow.re Metrics provides tools to audit pools and check payouts in real time.

The company is run by an experienced team, including co-founders Mike Blythe-Cohen and Ian Descoteux, who have been mining Bitcoin since 2010. Pow.re aims to make the mining industry more transparent and predictable by turning hashrate into a liquid commodity available for trading and investment.