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icbu

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Latest Financial News for icbu


iMD Companies, Inc. Signs Master Network Service Agreement Lease with Orem, Utah Data Center to Expand Chia Farming
Posted on Monday May 24, 2021

OREM, UT, May 24, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – iMD Companies, Inc. (OTC: ICBU), announced today that the company has signed a Master Network Service Agreement lease with an Orem, Utah Data Center. The company is pleased to expand its Chia plotting and Farming operations at a facility that is on the Internet backbone. The Network Operating Center (NOC) is ultra high speed and super efficient. The key advantage to this location is the speed of using Fiber internet for our Chia Farming.Our Network service agreement starts June 1st. We expect to have our first 500 hard drive capacity enclosure built out with rack mount servers in June. We specifically chose this location due to the expansion capabilities that exist for iMD. The company is currently looking to source an additional 1000 hard drives to build out our server enclosures that are at the Orem facility in the next two months. Furthermore, we believe that the speed of fiber will help as we increase our farming efficiency.Another item we’re currently in Negotiations with is a high end pooling company that specializes in the very thing we’re pushing for in our next steps with Chia farming.Follow iMD Companies, Inc. Social Media:Twitter @ https://twitter.com/imd_incInstagram @ https://www.instagram.com/imdcompaniesinc/About iMD Companies, Inc.iMD Companies, Inc. (OTC: ICBU) is a Florida Corporation. The company has been re-positioned to be a holding company for acquisitions and technology development in the financial, blockchain, cryptocurrency, and NFT (non fungible token) markets. The company has expanded its operations to locations in California, Arizona, and Utah for Chia plotting and Mining. iMD's goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace.Safe Harbor StatementCertain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.Contact:iMD Companies, Inc.info@imdcompaniesinc.com


iMD Companies, Inc. Focuses Resources on Farming of Chia (Chia.net) Cryptocurrency Coins for All Facilities
Posted on Thursday April 29, 2021

SAN MATEO, CA, April 29, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire ‒ iMD Companies, Inc. (OTC: ICBU), announced today that the company is focusing its resources on farming Chia (Chia.net) cryptocurrency coins. From our first announcement in March, we have been building Servers for plotting and farming Chia Coins. Our facilities have been winning Chia coins nearly every day from the start of our operations. iMD has continued to expand our servers and hard drive storage capacity on a weekly basis to reach our initial goal of over a pedabyte (1000 Terabytes) on the Chia mainnet in May. We are continuing our move of farming Chia (Chia.net) at an optimum rate. To further reinforce our move to support and farm Chia, it can be noted that major countries are moving from BTC to Chia. This is in part due to the low power it takes to plot and farm Chia, but more importantly that Chia has built their platform specifically for the financial world and they are set for major growth. Just as an example, the Chinese are diversifying 50% of all of their Bitcoin mining/farming to Chia. Although Chia hasn’t yet set foot on the exchanges, they already have their symbol (XCH) and will be live very soon. https://www.scmp.com/tech/big-tech/article/3130683/chinese-coin-miners-flock-new-cryptocurrency-chia-resulting-hard As the financial world is moving more towards decentralizing currency, it gives iMD the perfect opportunity to stake our claim to this Trillion dollar industry. This is yet, one more reason we feel by focusing on farming Chia coins from the beginning of our operations we’re doing the right thing by growing our business model with cryptocurrency. With our current farming locations, we are seeing great production with our configurations. In order to further grow our farming presence, we are looking to contracting a lab test with a major Utah data center as to what the exact optimal configuration is for farming Chia. We expect test results next week. Upon completion, we will dedicate additional hardware and software on this new baseline in order to farm at our absolute peak. “We’re going all-in on Chia’s,” stated Rick Wilson, iMD CEO. “With our extensive research we believe that Chia is here to stay and will be utilized on a global financial level. We believe our early decision to farm Chia will result in increased revenues for iMD.” Follow iMD Companies, Inc. Social Media Twitter @ https://twitter.com/imd_inc Instagram @ https://www.instagram.com/imdcompaniesinc/ About iMD Companies, Inc. iMD Companies, Inc. (OTC: ICBU) is a Florida Corporation. The company has been re-positioned to be a holding company for acquisitions and technology development in the financial, blockchain, cryptocurrency, and NFT (non fungible token) markets. iMD's goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace. Safe Harbor Statement Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release. Contact:iMD Companies, Inc.info@imdcompaniesinc.com


iMD Companies, Inc. Confirms 200 Million Common Stock Share Reduction with Company Transfer Agent and gives Corporate Update
Posted on Thursday April 22, 2021

CARSON CITY, NV, April 22, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire ‒ iMD Companies, Inc. (OTC: ICBU), announced today that the company has confirmed with its Transfer Agent, Olde Monmouth Stock Transfer Co., that the company total issued and outstanding shows the 200 million common stock share reduction. The company has also updated the company profile on www.otcmarkets.com to reflect the direction of the company into the cryptocurrency and blockchain markets and the 200 million reduced current share amount. We expect to see the changes reflected online very soon on the OTC Markets website. The company has continued to work on additional technology in-house and expansion of our cyrptocurrency farming operations. We expect to announce our next major project and news on our farming operations soon to our shareholders. Follow iMD Companies, Inc. Social Media: Twitter @ https://twitter.com/imd_inc Instagram @ https://www.instagram.com/imdcompaniesinc/ About iMD Companies, Inc. iMD Companies. Inc. (OTC: ICBU) is a Florida Corporation. The company has been re-positioned to be a holding company for acquisitions and technology development in the financial, blockchain, crypocurrency, and NFT (non fungible token) markets. iMD's goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace. Safe Harbor Statement Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release. Contact: iMD Companies, Inc.info@imdcompaniesinc.com


iMD Companies, Inc., Expands Operations for Cryptocurrency Farming in Silicon Slopes Near Lehi, Utah
Posted on Wednesday March 31, 2021

Bay Area Operations Benchmark Test New Threadripper CPU Technology for Optimal Cryptocurrency Farming San Mateo, CA, March 31, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- iMD Companies, Inc. (OTC: ICBU), announced today that the company has launched another cryptocurrency farming operation in Silicon Slopes near Lehi, UT. This is in additional to our Phoenix, Sacramento, and San Francisco bay area operations. The company has also started discussions with a third party data center near Lehi, Utah that could potentially increase our cryptocurrency farming capacity by over 100X. We feel this would enable iMD to be one of the leading farming operations in the cryptocurrency market. Our engineering team in the bay area has been evaluating new Threadripper CPU technology to maximize our farming capacity for our in-house cryptocurrency farming production. We feel that we are able to maximize the computing power of each system to get the greatest results. “We are so pleased with our progress with our team at iMD, We have been able to get results from our server technology far beyond what we have seen with others in our marketplace. We expect to set a standard for cryptocurrency farming with our advanced configuration server technology. This will enable each facility to get the maximum results for iMD,” stated Rick Wilson, CEO of iMD. Follow iMD Companies, Inc. on on Twitter @ https://twitter.com/imd_inc and on Instagram @ https://www.instagram.com/imdcompaniesinc/ About iMD Companies, Inc. iMD Companies. Inc. (OTC:ICBU) is a Florida Corporation. The company has been re-positioned to be a holding company for acquisitions and technology development in the financial, blockchain, and cryptocurrency markets. iMD's goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace. Safe Harbor Statement Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release. Contact: iMD Companies, Inc. info@imdcompaniesinc.com 800-474-8996


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