Holding company for acquisitions and technology development in crypto space, iMD Companies (OTCMKTS:ICBU) on August 11, 2021, announced upgrading its server mining rigs and implementing Solar-powered crypto mining for counterbalancing power costs.
Focusing on mining coins and alternative coins, ICBU will also be moving its mining activity to Ethereum, bitcoin, ADA Cardano, Litecoin, as well as Bitcoin Cash. The move comes after much research and there is growth within the above coins.
ICBU aims to harness its servers for mining profitable coins with the best solutions for ensuring revenues to its balance sheet. It will also help in developing its own iMD Crypto Utility/Asset-based Coin.
iMD is also developing its own coin and is keen on a launch date by the month-end. The total number of coins is set for 110,000,000 for the initial coin offering. Furthermore, ICBU will be backing its coin with assets including bitcoins, Ethereum, litecoin, Bitcoin Cash, ADA amongst others.
It will also use the coin for financial transactions, trading as well as build it for rewarding the ones using it. ICBU is keen on releasing the new coin ecosystem and would be keeping its shareholders apprised of updates as well as the capability of purchasing coins and participating in the NFT auctions.