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. The more details the better.