Please refer to my previous posts, I fully explain there about the problems. There is a lot.

Even If we give to these guys 10 mil tomorrow, they dont even have a source to buy Hardware. Bitmain is Sold out. Did they state the source of buying GPUs and which ones?

Etherium is switching to PoS meaning no more mining just STAKING !

To me investing in Cloud mining seems a better idea that this. Whole point of investing in Actual/Real mining is that  cloud mining pays you only about 40% of revenue, this is exactly the same number what these guys promise to pay their shareholders who hold large amount of tokens.

There is no 20 megawatt of electricity power from Hydroplants at the location they state. If there is, how much are they paying to get transformers that generate this much electricity?
They want to compete with Bitfury which is using up to 25-30 megawatt and is worlds leading Mining company. Experienced in every way and aspect of mining, they do produce mining chips and sell block containers with 7.5 Petahash @ cost of 800K USD.

They have built a 2-3 mining rigs with 20 GPU's thinking now that they can make one of the largest mining farm with T-shirts saying mega data center.

Who is going to benefit from this ICO and raised capital ? Founders
This project is going to make millionaires only the founders. Period !

I would wish to see who their supplier is going to be with GPU's and ASICs? They need to find supplier first and then do the rest. If they raise 10 mil for example, its going to be sitting in their account for months because all mining equipment inc GPUS and ASIC is sold out. When they cant buy nothing for long time, it gets boring, then money gets distributed within the team.

If bitfury was going to do ICO, id invest, because they have already build a lot, and asking money to expand. This guys asking money now, saying to build something in 6 months time, and start paying dividents only 40% of revenue ? invest in cloud mining or get your mining rig.

Or else invest million first build something, get experienced, show more photos and videos, show revenues, hashrate in blockchain and ask money later to expand, i would invest