The capital raise has been pulled. Didn't need to raise that much. They will self fund.
Topic: The Coin Foundry - raising $10M in convertible notes for mining facility (Read 1844 times)
September 03, 2014, 02:29:14 PM
July 30, 2014, 04:42:05 PM
Convertible notes are not an IPO, it is a form of capital raise.
So maybe tell people what you are raising the capital for and why it would be a good idea.
July 30, 2014, 01:39:26 PM
Convertible notes are not an IPO, it is a form of capital raise.
So instead of addressing the issue you side step nice.
July 30, 2014, 11:16:28 AM
Convertible notes are not an IPO, it is a form of capital raise.
July 30, 2014, 09:15:02 AM
The Coin Foundry is raising $10M in convertible notes to fund a site purpose built for mining crypto currencies.
The pitch is this -
Power is 5 cents, metered
Megawatt scale only
Immersion 2 and traditional rack cooling options
Rent is $50/kw-$100/kw
50MW in the first phase
Container friendly
Design help available
First leases commence 2014
Terms are first 12 months rent paid up front as deposit ($600,000/~1,000BTC - $1.2M/2,000 BTC), term length 24-60 months
First 3 months of power, true up after first 3 months ($90,000)
Locations confidential - US Midwest and US Northeast
Legal to be done by Perkins and Coie in the US
Pedigree of founders is easily verifiable
They have raised over $150M in the past for data center
The pitch is this -
Power is 5 cents, metered
Megawatt scale only
Immersion 2 and traditional rack cooling options
Rent is $50/kw-$100/kw
50MW in the first phase
Container friendly
Design help available
First leases commence 2014
Terms are first 12 months rent paid up front as deposit ($600,000/~1,000BTC - $1.2M/2,000 BTC), term length 24-60 months
First 3 months of power, true up after first 3 months ($90,000)
Locations confidential - US Midwest and US Northeast
Legal to be done by Perkins and Coie in the US
Pedigree of founders is easily verifiable
They have raised over $150M in the past for data center
Why would anyone invest in a half ass IPO listing like this? Take some pride in your work.
July 30, 2014, 08:12:36 AM
The Coin Foundry is raising $10M in convertible notes to fund a site purpose built for mining crypto currencies.
The pitch is this -
Power is 5 cents, metered
Megawatt scale only
Immersion 2 and traditional rack cooling options
Rent is $50/kw-$100/kw
50MW in the first phase
Container friendly
Design help available
First leases commence 2014
Terms are first 12 months rent paid up front as deposit ($600,000/~1,000BTC - $1.2M/2,000 BTC), term length 24-60 months
First 3 months of power, true up after first 3 months ($90,000)
Locations confidential - US Midwest and US Northeast
Legal to be done by Perkins and Coie in the US
Pedigree of founders is easily verifiable
They have raised over $150M in the past for data centers
The pitch is this -
Power is 5 cents, metered
Megawatt scale only
Immersion 2 and traditional rack cooling options
Rent is $50/kw-$100/kw
50MW in the first phase
Container friendly
Design help available
First leases commence 2014
Terms are first 12 months rent paid up front as deposit ($600,000/~1,000BTC - $1.2M/2,000 BTC), term length 24-60 months
First 3 months of power, true up after first 3 months ($90,000)
Locations confidential - US Midwest and US Northeast
Legal to be done by Perkins and Coie in the US
Pedigree of founders is easily verifiable
They have raised over $150M in the past for data centers
As a newbie, can I suggest your "founders" verify themselves on ardeva.com. The more details the better.
July 30, 2014, 07:58:18 AM
where are you getting the miners from?
what are the specs for them?
when will they roi?
what are the specs for them?
when will they roi?
July 30, 2014, 07:49:16 AM
The Coin Foundry is raising $10M in convertible notes to fund a site purpose built for mining crypto currencies.
The pitch is this -
Power is 5 cents, metered
Megawatt scale only
Immersion 2 and traditional rack cooling options
Rent is $50/kw-$100/kw
50MW in the first phase
Container friendly
Design help available
First leases commence 2014
Terms are first 12 months rent paid up front as deposit ($600,000/~1,000BTC - $1.2M/2,000 BTC), term length 24-60 months
First 3 months of power, true up after first 3 months ($90,000)
Locations confidential - US Midwest and US Northeast
Legal to be done by Perkins and Coie in the US
Pedigree of founders is easily verifiable
They have raised over $150M in the past for data centers
The pitch is this -
Power is 5 cents, metered
Megawatt scale only
Immersion 2 and traditional rack cooling options
Rent is $50/kw-$100/kw
50MW in the first phase
Container friendly
Design help available
First leases commence 2014
Terms are first 12 months rent paid up front as deposit ($600,000/~1,000BTC - $1.2M/2,000 BTC), term length 24-60 months
First 3 months of power, true up after first 3 months ($90,000)
Locations confidential - US Midwest and US Northeast
Legal to be done by Perkins and Coie in the US
Pedigree of founders is easily verifiable
They have raised over $150M in the past for data centers
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