What's Going On With iMD Companies?
iMD Companies (ICBU) today announced the transition and upgrade of its servers to mine a number of alternative coins and cryptocurrencies. Shares of the company were trading 1.47% higher to $0.0069 a share on Thursday.
What Does This Mean For iMD Companies?
Given the recent gains and surges in Bitcoin, the company is now upgrading its GPU mining rigs in order to support bitcoin mining and several alternative coins. iMD anticipates using its servers to mine the most profitable coins at the moment with the best possible solutions of adding revenue. The upgrade also facilitates the development of its own iMD Crypto Utility/Asset based Coin.
iMD plans on utilizing the coin for trading, financial transactions, and rewarding those who use it. As such, iMD is seeking to build its very own exchange that will trade, sell, and transact with it within its own cryptocurrency ecosystem. The Company expects to add the exchange within the next four to six weeks, with the number of coins set for 100,000,000 for the initial coin offering.
iMD Companies, Inc. is a holding company which, through its subsidiaries, manufactures, markets, and distributes equipment for the hydroponics industry.
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IMD Companies Inc is a holding company. Along with its subsidiaries, the company manufactures, markets, and distributes equipment for the hydroponics industry. It manufactures software and hardware for the hydroponics industry. In addition, the company is also involved in the mining industry which involves manganese, iron ore, and other deposits.
