BitBit Financial Inc., a wholly owned subsidiary of iMining Technologies Inc., has set-up concierge services to support and guide High Net Worth Individuals and Institutions on the acquisition of NFT and Metverse Digital Assets.
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2021) - iMining Technologies Inc. (TSXV: IMIN) (the "Company" or "iMining") announced today that its wholly owned subsidiary, BitBit Financial Inc. ("BitBit") has launched a concierge service to support and guide High Net Worth Individuals, Institutions and Celebrities on their purchase of NFTs and other digital assets. NFTs are Non-Fungible Tokens of digital collectibles including art, music, photos, videos, and other items.
The digital assets and virtual currencies sector have become popular over the past year and have evolved rapidly, giving rise to many subsectors including Non-Fungible Tokens, Play-to-earn games, and the recent advent of the "Metaverse". The digital asset industry ranges widely from long-standing tokens with legitimate utility to meme token projects which are usually powered by network effect, influencers, and hype. At this stage, the digital asset sector can be paralleled to the very beginning of the dotcom era and, given that this is such a new space, investors need to do their own research and due diligence.
iMining Technologies has been involved in the digital asset space through its subsidiaries and is involved in virtual currency mining, digital asset staking and, most recently, in virtual currency trading as well. "Over the past year, we have seen within our network that many individuals and institutions have become very excited about the digital asset industry. Having said that, we have also seen many investors rushing into projects which did not succeed. This is why we decided to launch our concierge service through which we can educate investors and have them take a comprehensive look at new and upcoming projects without looking purely at the popularity of the project," said Khurram Shroff the Chairman and CEO of iMining Technologies Inc.
About iMining Technologies Inc.
iMining develops technology for Proof of Stake ("POS") infrastructure on Ethereum, Cardano and Solana Blockchains and invests in revenue-generating crypto and blockchain assets linked to Decentralized Finance ("DeFi") and Non-Fungible Tokens ("NFT"). iMining also owns BitBit Financial, an ATM Network and crypto brokerage exchange.
With diverse blockchain investment and infrastructure solutions, iMining is a leader in accelerating the growth of value creating DeFi opportunities for the enterprise market. The Company's operations include secure and sustainable cryptocurrency payments, staking, mining and digital asset investment designed for the scale and compliance requirements of institutional clients. iMining is committed to building strong global blockchain ecosystems and supporting inclusive access to digital tools and technologies.
ON BEHALF OF THE BOARD
Signed "Khurram Shroff"
Khurram Shroff, President & CEO
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
Evan Eadie, Corporate Development
Email: eeadie@imining.com
Telephone: (604) 602-4935 ext. 203
Toll Free: 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.
Forward-Looking Statements
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 www.sedar.com. 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.
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