We are seeking $18,925,000 from a group of angel investor(s) that want to get into bitcoin mining.
We have property that can handle 13MW of power, of which 12MW can be used for mining, with the expenses for electrical cost under $0.03 USD KW/h. The electricity company requires a substantial deposit of $675,000 based on 2.5x the monthly average usage of $270,000.
With the announcement of the new ANTMINER S7 we can achieve 45.0+ PH/s.
We can have a complete build-out done by mid-November, and we have made a deal to place the miners in a hosting facility until the build-out is complete. This hosting is about 2.5x more than our costs, but given the time frame, should bring an additional $2,500,000 before our build is complete.
We currently do not have a business plan written as this does not fall under a conventional BP model. We do have a P&L spreadsheet available for potentially serious investors, and we plan to have a BP in place by the first week of September.
Based on a Bitcoin target price of $210.00, if we could complete funding by the end of September, we would reach a break-even point just prior to the bitcoin halving mark of July 2016. This is critical junction, as we want to remain profitable past the halving mark, and be fully prepared for the dramatic hashing power increase of the next generation machines.
It is imperative that we get started quickly to avoid the halving, so the break-even point does not extend into the halving point.
Legal
Some statements contained in this document or incorporated by reference into this document are forward-looking and involve uncertainties that could significantly impact results. The words “believes,” “expects,” “estimates,” “anticipates,” “will be” and similar words or expressions identify forward-looking statements made on our behalf.
You should be aware that this investment has a risk of losing your capital. The amount of risk varies with each type of investment but in the very worst case scenario this can mean all of your capital is lost. If your attitude to risk is that you are not prepared to take any risks with your capital you should instead consider investing in a guaranteed return investment.
We intend to use the net proceeds for our operations and general corporate purposes not limited to purchasing all necessary equipment, permits, deposits, payroll, and any unforeseeable expenses.
Neither the Securities and Exchange Commission (USA) nor any state or governmental securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete.
NOTE: We have spreadsheet information available on google docs, for serious inquires.
Submitted August 31, 2015 at 09:21AM by LVSwany http://bit.ly/1hqpVxx
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