PowerPool.io to Expand Mining Algorithms Service Offering as Daily Net Revenue Reaches Record High

PowerPool.io is pleased to announce a strategic expansion of its supported mining algorithms, which will soon include Ethereum Classic (ETC), Blake3, Equihash, and RandomX.

The rollout is set to begin in early 2025, with the first implementations expected in Q1. The support of these algorithms is designed to attract a wider range of miners and enhance Powerpools revenue streams.

PowerPool.io is advancing in the approval process for Service Organization Control (“SOC1” & “SOC2”) compliance, an essential step that will enable the pool to offer its services to U.S. based enterprises. This announcement comes amid a period of impressive growth, with PowerPool.io achieving a consistent 7.5% compounded monthly growth rate so far this year.

The company’s daily first net revenue after US election has hit a record high of approximate 93 761 NOK, driven by optimism and market record highs in the wake of the newly elected, first-ever crypto-friendly administration in the U.S.

“PowerPool.io is committed to staying ahead of industry trends with our math-first approach to software development,” said Ruben Gomez Morales, CEO of PowerPool.io. “This expansion not only fortifies our market position but also increases earning opportunities for our entire community.” As PowerPool.io continues to explore new growth avenues, the company extends heartfelt gratitude to its community for their unwavering support.

Together, PowerPool.io and its miners are shaping the future of efficient and profitable cryptocurrency mining.

For further information, please contact: post@lokotech.no

This announcement complies with Section 5-12 of the Norwegian Securities Trading Act, constituting inside information under the Market Abuse Regulation (MAR).Published on behalf of Lokotech Group AS by Benjamin Miklozek, CFO, at 12:30, on November 7, 2024.