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

07 Nov 2024 12:30 CET

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.

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