As Bitminer Factory is approaching the launch of their ICO — Initial Contract Offering on the 21st of July, here is an overview of the work our Operations Team is undertaking this month.
Bitminer Factory sold c. 1.5M BMF tokens, equivalent to c. 3330 ETH at current exchange rates, in the Private Sale completed on June 20th. You can read detailed report here. We are already deploying funds with the development of our first Mobile Mining Unit MMU-P14 in Bosnia Herzegovina, at our local Partner in Nova Topola. We have access to electrical infrastructure already into operation, which will speed up the connection to the electrical grid of our mining facility and ensure a very low electricity price (0.066€/kWh). The MMU-P14 is a containerized solution, optimized for best heat management, and developed along with a major Graphics Card manufacturer, providing an easy-to-install mining unit with 14 GPUs in a chassis with dedicated fans. The MMU-P14 will house 250 of such units with a total hashing capacity of 101.500MH/s.
Our engineers are working on the design of our first Mobile Mining Unit MMU-P14 in Nova Topola, Bosnia Herzegovina.
We are not new to containerized mining solutions, as we have already developed and sold 3 units to Clients in Italy. Our Mining Engineer, Lorenzo Arcaleni, is at work in one of our MMUs.
Bitminer Factory are experienced EPC contractors. As part of the Angeli group we provide Engineering, Procurement and Construction services to our Clients all over the world. We have been selling Crypto-Mining Solutions, i.e. Mining Farms, to large industrial clients in Italy as well. We recently passed a Preliminary Acceptance Certificate on the 5th of July for the delivery of a 300 kW Mining Farm to a Client with $1bn yearly revenue in Puglia, South of Italy. The farm includes 80% GPUs and 20% Asic and is the first step towards a larger development encompassing up to 5,000 mining units. Our Client is one of the largest operators of biomass energy projects in Italy, which makes us very happy as it perfectly matches our commitment to a sustainable Blockchain.
Here is the “skeleton” of the Mining Farm we are delivering to a Biomass Energy producer in Puglia, South of Italy.
Angeli group is not new to EPC services. Solar panels just reached the construction site on Friday, the 6th of July, in Rio de Janeiro, Brazil, where the company is installing one of the largest (432 kWp) unsubsidized solar PV projects.
We are working on Alternative Mining Solutions (AMS) with technical partners all over the world. AMS will become a large R&D team at Bitminer Factory after our successful ICO. FPGA are specialized reprogrammable hardware for computationally intensive applications, usually deployed for special industrial applications, which makes it very difficult and expensive to source it. BMF, being one of the most reputable mining companies in Europe as featured in multiple press releases, have been approached by technical partners and an American manufacturer of FPGA for a first testing of the technology for mining applications. We are currently working on the development of a mining software to run Cryptonightv7 on FPGA. Preliminary assessments show that FPGA could double the profitability of our mining facilities. We are keeping you posted with further technical details in the next weeks.
Whitelisting is open on BitminerFactoryICO.io — you can also purchase BMF with 18% discount and pay in ETH or BTC. ICO will start on the 21st of July with 12% discount. 1 BMF = 1 USD
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