Zug based Invemo, builds and operates crypto mining facilities under effective economic conditions. One year since its establishment, the startup is running over 1000 mining units and has completed the seed financing round.
Cryptocurrency mining has advanced into a lucrative and quickly growing industry that attracts everyone from private persons to large companies. With this boom, however, comes the need for a higher the level of expertise required to maintain high profitability and low costs.
Established in 2017, the Zug based Invemo addresses the issue; the startup constructs and operates cryptocurrency mining facilities under efficient economic conditions. The mining facilities are built in the parts of Siberian Russia due to the favorable conditions the region provides, such as low air temperatures, natural ventilation, and cheap electricity, which consequently result in low operation costs. Over 1000 mining units are already in operation.
Invemo guarantees security and transparency as well as gives private and institutional investors a pass into the cryptocurrency mining industry in an efficient and cost-effective way. Not only does it offer its facilities, but it also provides complete service related to the setup and operation of their mining farm to facilitate an effortless entry in the blockchain economy.
The startup completed the seed round CHF 500’000, which was mainly spent on mining hardware research, testing and expanding its personnel to seven. It has also attracted customers among them institutional investors. it collaborates with Hochschule Luzern, Bitmain and nvidia.
(ran)
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