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InvestmentPitch media video explains iMining Technologies has signed a Letter of Intent to purchase a 4MW power project in Alberta, a Canadian business journal

VANCOUVER, British Columbia, November 30, 2022 (GLOBE NEWSWIRE) — iMining Technologies Inc. (TSXV:IMIN) (FSE:P1A), which invests in energy infrastructure, blockchain technology and the Web3.0 ecosystem, announced today that Letter of intent to purchase a 4MW power project in Alberta. The project marks iMining Technologies’ first acquisition under its new strategy of being an energy-focused company.

Media snippets accompanying this announcement are available by clicking the image or link below.

For more information, please see our InvestmentPitch Media video providing additional information about this news and the company, as well as a video commentary from iMining President and CEO Kram Schrof. You can watch the video at “”.Investment Pitch.com“When”Youtube”. If these links are not enabled, please visit the following URLs: www.InvestmentPitch.com Type “iMining” in the search box.

The Alberta-based project will be able to generate up to 4 MW of electricity per hour by using low-cost natural gas to power Rolls-Royce turbines. The project has an existing interconnection agreement with Fortis Alberta for an additional five years before it is scheduled to expire on December 31, 2027. iMining may generate electricity for its own purposes as iMining feeds the grid when certain minimum electricity price thresholds are met and Fortis does not need the energy.

Digital asset miners face a combination of rising energy costs, top spending, and falling cryptocurrency prices, with miners facing shrinking profit margins, with many going bankrupt or shutting down operations. I’m here. Considering these market dynamics and with the future in mind, iMining has decided to focus on an energy-first strategy to become a fully integrated energy company that enables future technologies. Did.

The stock is trading at $0.085. For more information, visit the company’s website, www.iMining.com, or contact his Director, Saleem Moosa, by calling or emailing him at 604-602-4935. [email protected]

About Investment Pitch Media

Investment Pitch Media harnesses the power of video, combined with its wide distribution, to put your company’s story ahead of thousands seeking recognition and funding from the financial industry. The company specializes in producing short videos based on important news releases, research reports and other content of interest to investors.

Disclaimer

The information in this InvestmentPitch Media Ltd video is for viewer information. iMining paid him no more than $2,000 in cash to produce the current news release in video format. Company information is based on publicly available information. Information provided by InvestmentPitch Media Ltd. through its media services is not to be construed as a recommendation, offer or offer to buy or sell securities and is provided solely as an information media service. InvestmentPitch Media Ltd makes no warranties or obligations as to the accuracy or completeness of this information. All due diligence must be done by the viewer or their financial advisor. Investing in securities is speculative and involves risk.


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InvestmentPitch media video explains iMining Technologies has signed a Letter of Intent to purchase a 4MW power project in Alberta, a Canadian business journal

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