IMining Enters Into an Agreement to Acquire a 4MW Power Project in Alberta
IMining Enters Into an Agreement to Acquire a 4MW Power Project in Alberta
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2022) - iMining Technologies Inc. (TSXV: IMIN) (the "Company" or "iMining") is pleased to announce that it has entered into a Letter of Intent ("LOI") to purchase a 4MW Power Project (the "Project") in Alberta. The Project will be the first acquisition for iMining Technologies Inc. under its new strategy of being an Energy focused company.
温哥華，不列顛哥倫比亞省--(Newsfile Corp.-2022年11月28日)-iMining Technologies Inc.(多倫多證券交易所股票代碼：伊明)(以下簡稱“公司”或“iMining”)高興地宣佈，它已就購買一個4兆瓦的電力項目(The“項目”)在艾伯塔省。該項目將是iMining Technologies Inc.根據其專注於能源的公司的新戰略進行的第一筆收購。
The Project is located in Alberta and is capable of generating up to 4 MW per hour by using low-cost natural gas to run the Rolls Royce turbine. The Project has an existing interconnection agreement with Fortis Alberta ("Fortis") which is due to expire on 31st December 2027. Under the agreement with Fortis, the power plant is operated as a peaking plant (whereby electricity is only supplied by the plant to the electrical grid if certain minimum power price thresholds are met). However, during the times when Fortis does not need the power, the plant may generate power for self-use purposes.
該項目位於艾伯塔省，通過使用低成本天然氣運行勞斯萊斯渦輪機，能夠產生高達每小時4兆瓦的電力。該項目與富通艾伯塔省(“富通”)有一份現有的互聯協議，該協議將於31月31日到期ST2027年12月。根據與富通的協議，該發電廠作為調峯電廠運營(根據該協議，只有在達到一定的最低電價門檻時，發電廠才向電網供應電力)。然而，在富通不需要電力的時候，工廠可能會為自用目的發電。
The current market prices have impacted the Digital Asset mining space, forcing many miners to either go into bankruptcy or ceasing operations altogether. The largest cost of operation for a digital asset miner is the Energy cost and the rapid decline in price of Digital Assets against relatively stable input costs has had an adverse impact. Given the current 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 enabling future technologies.
目前的市場價格影響了Digital Asset的開採空間，迫使許多礦商要麼破產，要麼完全停止運營。對於數字資產礦商來説，最大的運營成本是能源成本，相對於相對穩定的投入成本，數字資產價格的快速下降產生了不利影響。考慮到當前的市場動態並着眼於未來，iMining決定專注於能源優先戰略，成為一家全面整合的能源公司，支持未來的技術。
"This is a sizeable Power Project acquisition for our portfolio and is in-line with our ambitions to be an Energy first company. This acquisition solidifies our transformation to an energy company of the future, using state of the art carbon emission technologies and strategies," said Khurram Shroff, the Chairman and the CEO of iMining. "This facility is currently being operated as a peaking plant and we intend to continue to operate it as such until we start our Data Center operations. We have the ability to expand the existing facility by an additional 6MW, which can either be sold to the electrical grid in Alberta and /or be used to power our data center operations generating multiple revenue streams," added Mr. Shroff.
IMining董事長兼首席執行官庫拉姆·史洛夫表示：“對於我們的投資組合來説，這是一筆相當大的電力項目收購，符合我們成為能源第一公司的雄心。這項收購鞏固了我們向未來能源公司的轉型，使用了最先進的碳排放技術和戰略。”史洛夫補充道：“這個設施目前是作為一個高峯工廠運營的，我們打算繼續以這種方式運營它，直到我們開始我們的數據中心運營。我們有能力將現有設施再擴大6兆瓦，這些設施可以出售給艾伯塔省的電網和/或用於為我們的數據中心運營提供動力，從而產生多個收入來源。”
About iMining Technologies Inc.
關於iMining Technologies Inc.
iMining is a publicly traded company that invests in energy infrastructure, blockchain technology and Web3.0 ecosystem. It is developing sustainable energy and technology solutions for Data Center operations. With diverse investment and infrastructure solutions, iMining looks to be an Energy first company enabling the growth of future technologies and is committed to building a sustainable and environmentally friendly Energy company of the future. To learn more about iMining Technologies, visit .
IMining是一家上市公司，投資於能源基礎設施、區塊鏈技術和Web3.0生態系統。它正在為數據中心運營開發可持續能源和技術解決方案。憑藉多樣化的投資和基礎設施解決方案，iMining有望成為一家推動未來技術增長的能源優先公司，並致力於打造一家可持續和環保的未來能源公司。要了解有關iMining Technologies的更多信息，請訪問。
ON BEHALF OF THE BOARD
我代表董事會
Signed "Khurram Shroff"
Khurram Shroff, President & CEO
已簽署“庫拉姆·史洛夫"
庫拉姆·史洛夫，總裁兼首席執行官
FOR FURTHER INFORMATION, please contact:
iMining Corporate Offices:
Saleem Moosa, Director
Email: investor@imining.com
Telephone: 1-604-602-4935
Toll Free: 1-866-602-4935
欲瞭解更多信息，請聯繫：
IMining公司辦公室：
薩利姆·穆薩，董事
電子郵件：Investors@imining.com
電話：1-604-602-4935
免費電話：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.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Forward-Looking Statements
前瞻性陳述
This news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management's current expectations and assumptions, and are based on assumptions made by and information 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 that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at . These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.
本新聞稿包含一些前瞻性陳述，這些陳述與未來事件或未來業績有關，反映了管理層目前的預期和假設，是基於公司所做的假設和目前可獲得的信息。請讀者注意，這些前瞻性聲明既不是承諾，也不是擔保，可能會受到風險和不確定性的影響，這些風險和不確定性可能會導致未來的結果與預期的結果大不相同，包括但不限於市場狀況、融資可用性、活動的實際結果、未來的加密貨幣價格、運營風險和加密貨幣行業的其他風險。本新聞稿中的所有前瞻性陳述均受這些警告性聲明和我們在SEDAR上提供的持續披露文件中的警告性聲明所限制，網址為。這些前瞻性陳述是自本新聞稿發佈之日起作出的，除適用法律要求外，公司不承擔任何更新或修訂這些陳述以反映新事件或新情況的義務。
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