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Modern Mining
Modern Mining is an innovative Bitcoin mining company located in Alberta, Canada. Their flagship facility uses 100% immersion cooling technology and the most efficient mining hardware. Through lean operations, advanced technology, and strategic partnerships, Modern Mining aims to provide significant returns to shareholders.
Calgary, CA
Description
Modern Mining is an innovative Bitcoin mining company based in Alberta, Canada, with its main facility in Medicine Hat. The company utilizes 100% immersion cooling technology and highly efficient mining hardware to maximize returns for its shareholders. Their operational model is based on a four-step process: 1) Investors subscribe for shares in multiple rounds. 2) The company acquires necessary mining equipment like immersion tanks and ASIC miners. 3) Mining operations begin, aiming for increased profitability. 4) The company anticipates a liquidity event, such as an IPO or merger, within 3-5 years, aligned with Bitcoin halving cycles. Key advantages highlighted by the company include the use of advanced miner technology, access to low-cost electricity, a state-of-the-art facility with 24/7 security, a reliable network for miner procurement, and an experienced management team. They also emphasize transparency and accountability in their reporting to investors.Grant Funding
VC Funding
None
2021
$0
$3M