FAQ:
Q1. Are you designing and building ASIC chip yourself?
A1. We have a long term strategic partnership with a private subcontractor that is building mining hardware for us.
The leverage we have is of a contractual nature and it grants us a number of advantages as compared to what general
public or our competitors may or may not get access to eventually.
Topic: [ANN] A public company will build a huge Bitcoin Mining Operation (ASIC). - page 15. (Read 27070 times)
April 04, 2012, 04:53:00 AM
April 04, 2012, 04:49:29 AM
I am forming a new company that will engage into large scale Bitcoin mining. We have concluded a deal with subcontractors to produce for us a significant amount of ASIC based mining hardware (up to 2-3 orders of magnitude more power efficient and dense comparing to GPU based Bitcoin Miners). Our target is to build multi Thps (X 000 000 Mhps) bitcoin mining operation and therefore we will have significant bargaining power and will be able to get preferential treatment and pricing from our suppliers. To ensure optimal security we will most likely be housing the mining hardware in one of the most secure datacentres in Europe and eventually even certify all our operations to ISO 27001 standard.
We, however, have no plans to engage into manufacturing and sales of bitcoin mining hardware.
Once we get some paperwork done we will be able to start accepting investments from public directly. This means that soon we will be publishing investment prospectus and enable public to invest either into management company or into mining operations themselves. Until then we can discuss this in details only with high net worth individuals, sophisticated investors and investment professionals after we sign a NDA.
There will be various classes of shares, some of which will be effectively proxies to "perpetual mining contracts" with monthly dividend payable in fiat and potentially a class of shares paying dividend in bitcoins (pending legal and tax advise).
We are in process of re-registering as a PLC. PLC stands for Public Limited Company, this is a legal structure that enables companies to sell shares to public and become listed on stock exchanges. It is our long term goal to eventually get listed on a public exchange and even to become qualify for REIT eventually, if possible. Public companies also by law (England) are required to be fairly transparent, employ a professional "company secretary", provide financial reporting, and must be audited.
It is my strategic vision at some point in the future to enable option trading on Bitcoin Mining Contract simply by virtue of being a listed company and having optionable shares. There is a long road ahead, but we can get there and this is the start.
Meanwhile, I invite interested parties to contact me. email: [email protected] skype: vladimir.marchenko.co.uk.
We, however, have no plans to engage into manufacturing and sales of bitcoin mining hardware.
Once we get some paperwork done we will be able to start accepting investments from public directly. This means that soon we will be publishing investment prospectus and enable public to invest either into management company or into mining operations themselves. Until then we can discuss this in details only with high net worth individuals, sophisticated investors and investment professionals after we sign a NDA.
There will be various classes of shares, some of which will be effectively proxies to "perpetual mining contracts" with monthly dividend payable in fiat and potentially a class of shares paying dividend in bitcoins (pending legal and tax advise).
We are in process of re-registering as a PLC. PLC stands for Public Limited Company, this is a legal structure that enables companies to sell shares to public and become listed on stock exchanges. It is our long term goal to eventually get listed on a public exchange and even to become qualify for REIT eventually, if possible. Public companies also by law (England) are required to be fairly transparent, employ a professional "company secretary", provide financial reporting, and must be audited.
It is my strategic vision at some point in the future to enable option trading on Bitcoin Mining Contract simply by virtue of being a listed company and having optionable shares. There is a long road ahead, but we can get there and this is the start.
Meanwhile, I invite interested parties to contact me. email: [email protected] skype: vladimir.marchenko.co.uk.
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