iMining Technologies Inc. announced that momentum in Alberta's technology investment sector continues to build as Canadian based iMining and Invest Alberta, have signed a Memorandum of Understanding (MOU) to support the expansion of iMining and its subsidiaries, BitBit Financial and Metaverse Advisory Group, within the Province of Alberta announcing plans to relocate its head office to Calgary. Under the terms of the MOU, Invest Alberta will work with iMining and its subsidiaries to navigate the regulatory ecosystem, optimizing federal and provincial programs supporting transformative energy innovation, technology and fintech in the province. Alberta is one of the provinces currently working on favorable blockchain and crypto regulations.

In return, iMining has announced plans to relocate its head office to Calgary and make Alberta its global headquarters. iMining is committed to bringing investment into the province and plans to create forty high-quality jobs within the next thirty-six months and anticipates a further investment of $50 million in growth and expansion projects.