Recently, the btc are dropping to lower than $8000, I read somewhere that many mining farms can not survive since the mining cost is more than reward. I do not if this project will face the same problem.
Another question is why you need to raise so much money, as far as I know, a lot of mining farm need some money to start and they can pay back when it is profitable. There is no need to release tokens on the Blockchain since it seems just like stocks.