Quote from: examplens on October 03, 2024, 02:47:21 PM

I guess it's not all secret and you can share some of the details.

I can, and as a matter of a fact, I already did.

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What exactly is that money for?

These money will be used for the following tasks:

Quote from: Etranger on September 26, 2024, 02:56:11 PM

What will these funds be used for?
• Creation of a company whose purpose is managing the crypto farm and investment activities (October-November)
• Creation of company's identity (November-January)
•   Hiring a specialist or company as a legal advisor (October)
•   Legal support for the creation and operation of the company (October-November)
•   Business trips for that members of our team who are currently not in Ukraine to countries where the crypto farm locations are situated (October-January)
•   Business meetings with investment funds and private investors (October-January)
•   Attending leading crypto conferences (October-January)
•   Legal and technical inspections of the locations (November-January)
•   Payment for services provided by contractors:
1.   Consultations with electricity suppliers
2.   Consultations and development of the technical specifications for the crypto farm location
3.   Brokerage services for location search (engagement fee)
4.   Consultations on spot electricity trading and the FRR market
5.   Development of a Heat Recapture Technology plan (possibility of selling the heat)
6.   Consultations and work with government representatives regarding permits for the crypto farm's operations

For example, now members of our team who do not currently live in Ukraine are skipping the conference in Amsterdam, where our counterparties from USA will be present and with whom we were supposed to meet in person for establishing further collaboration.

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After that, and how much money is needed later until the business is set up to be functional?

The whole crypto farm project requires $40,000,000. However, these funds are not directly connected to the first-stage investment. Even if we won't succeed in securing money for the main investment, we will pay $150,000 + 15% back from our own pocket. I mean, that paying back the initial investment of $150,000 + 15% doesn't depend on the next investment stage.