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Title: The Coin Foundry - raising $10M in convertible notes for mining facility Post by: blunthammer on July 30, 2014, 12:49:16 PM 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 Title: Re: The Coin Foundry - raising $10M in convertible notes for mining facility Post by: Phildo on July 30, 2014, 12:58:18 PM where are you getting the miners from?
what are the specs for them? when will they roi? Title: Re: The Coin Foundry - raising $10M in convertible notes for mining facility Post by: jayc89 on July 30, 2014, 01:12:36 PM 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 As a newbie, can I suggest your "founders" verify themselves on ardeva.com (http://ardeva.com). The more details the better. Title: Re: The Coin Foundry - raising $10M in convertible notes for mining facility Post by: RiverBoatBTC on July 30, 2014, 02:15:02 PM 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 Why would anyone invest in a half ass IPO listing like this? Take some pride in your work. Title: Re: The Coin Foundry - raising $10M in convertible notes for mining facility Post by: blunthammer on July 30, 2014, 04:16:28 PM Convertible notes are not an IPO, it is a form of capital raise.
Title: Re: The Coin Foundry - raising $10M in convertible notes for mining facility Post by: RiverBoatBTC on July 30, 2014, 06:39:26 PM Convertible notes are not an IPO, it is a form of capital raise. So instead of addressing the issue you side step nice. Title: Re: The Coin Foundry - raising $10M in convertible notes for mining facility Post by: Phildo on July 30, 2014, 09:42:05 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. Title: UPDATE: The Coin Foundry - raising $10M in convertible notes for mining facility Post by: blunthammer on September 03, 2014, 07:29:14 PM The capital raise has been pulled. Didn't need to raise that much. They will self fund.
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