Columbia Basin Mining, LLC (“CBM”) has a great opportunity to secure 80 acres of farmland, which has access to 1MW of power. We could build-out about 750,000 kW for bitcoin mining (estimated to be 3.75 PH/s).
The sale of this 80-acre property was offered exclusively to CBM from the owner for $1,500,000 and the owner will finance for 12 years with a $250,000 down payment. This property includes a farm home, and heated shop, and two cold water wells capable of producing over 1,000 gallons/min. Farming alone would cover half the annual payment of $90,000, and seller will defer any interest and un-covered annual payment into one balloon payment at the end.
*EditAlso, one of the managing partners already farms 1,200 irrigated acres, and is willing to farm this parcel of land as well.Farming operation will not be done by CBM, but by outside third party. This provision is in place because a managing partner is a local farmer and we desire no conflict of interest.
Since CBM requires only a small portion of the property for bitcoin mining operation, and will therefore have the opportunity of a secondary income source.
Real estate has continued to thrive here despite the bust, and the farm is located ¼ mile from current development of residential homes. Our managing partner has an engineering company and subcontractors that are already committed on developing when we are ready.
CBM is seeking only
accredited investors at this time, and investment has two stages.
- 7.50% ownership into CBM, and
- from gross mining revenue as follows:
CBM revenue is the accumulation of all bitcoin mining between Monday – Sunday in a calendar week (“Mining Week”). The earnings will be based on the gross mining revenue from the “Mining Week”, and the valuation will be determined by the spot price of Bitcoin in USD from CoinBase.com the day following the “Mining Week” at 12:00 PST.
The Company will pay earnings within 10 days following the “Mining Week”, by Company cheque (“check”). The investor may elect to receive bitcoin in lieu of check, but all reimbursement calculations are based in USD as if receiving a check.
The earnings amount is dependent on the percentage of investor’s overall mining power (Investor TH/s divided by Company TH/s), and the following pay schedule.
| Return on Investment | Earnings Pct | Notes |
< 0%
member
Activity: 62
Merit: 10
A Bitcoin Mining Company
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