OP - how much money is needed for each task?
• Creation of a company whose purpose is managing the crypto farm and investment activities – $15,000
• Creation of company's identity – $20,000 (part of presentation of a company)
• Hiring a specialist or company as a legal advisor – $18,000 ($1,500 per month)
• Legal support for the creation and operation of the company – $10,000 (payment which is required for legal actions on the company`s creation stage)
• Business trips for that members of our team who are currently not in Ukraine to countries where the crypto farm locations are situated – $8,000 (2 members, $4,000 for each. Countries: Switzerland, Norway and Finland)
• Business meetings with investment funds and private investors - $6,000 (2 members, $3,000 for each. This category includes tickets, accomodation and local transportation, not cavier in reastaurants. Note that there are 4 trips planning)
• Attending leading crypto conferences - $4,000
• Legal and technical inspections of the locations (also due dilligence included) – $35,000-40,000
• Payment for services provided by contractors:
1. Consultations with electricity suppliers - $2,500
2. Consultations and development of the technical specifications for the crypto farm location - $3,500
3. Brokerage services for location search (engagement fee) - $10,000 (to the particular broker, location presented by whom will be chosen)
4. Consultations on spot electricity trading and the FRR market - $4,000
5. Development of a Heat Recapture Technology plan (possibility of selling the heat) - $5,000 (individual plan)
6. Consultations and work with government representatives regarding permits for the crypto farm's operations - $4,000
The clarification of these numbers are available for those who will engage in a private conversation with us, as long as it is NDA information.
How can you prove you have the funds to do so?
The issue of collateral, as well as our ability to return the investment along with the total interest, is also discussed personally. PS. I have never said that there is no collateral. I only stated that it is not for a public declaration.
If you are able to come up with $150k to pay back the initial loan irrespective of future funding, why bother with the loan in the first place? If your proposal fails to obtain the $40 million you need, you will be out $150k, not $172,500. Why risk putting yourself in the hole for another $22,500?
Because we need the funds now. Our personal funds will be available only in mid-July. By that time, it can be late to build a farm, because we will lose a lot of time, moreover, bull oriented time. Even if we build it as fast as it could be, the farm will start operating no early than October of the next year. We are aiming to launch it in February 2025, therefore we will have 9 month more for generating bitcoin.