Crowdfunding platform EnergyFunders will offer investors fractional ownership of bitcoin mining equipment in Texas.
EnergyFunders on Wednesday May 4th filed to the US Securities and Exchange Commission (SEC) requesting permission to sell shares of mining farms through the Bitcoin Discovery Fund. The company is ready to put up for sale its stake in a company that owns autonomous natural gas production units at a price of $5,000 per share for up to $10 million.
The EnergyFunders offer will enable investors with a minimum investment of $5,000 to receive monthly payouts from their bitcoin mining investment in Texas. The platform estimates that if bitcoin returns to the $45,000 price range, investors will “see more than 100% returns.” The mined bitcoins will be distributed among investors every month in US dollars or in BTC.
EnergyFunders CEO Laura Pommer announced that the first 1 MW mining farm went live in Bee County, Texas on May 4.
“We went that route and quickly discovered that bitcoin mining is actually quite difficult,” Pommer said. “And that, you know, is good. Oil and gas workers never shy away from hardship to earn their bread and butter.”
EnergyFunders was launched in 2015 as a crowdfunding platform to find accredited investors and independent oil and gas producers. In 2018, the company received approval from the Financial Institutions Regulatory Agency (FINRA) and was able to invite non-accredited investors to participate in the financing of the oil and gas industry.
In April, the city of Fort Worth, Texas, announced that it would launch a pilot bitcoin mining farm using three Bitmain Antminer S9 ASIC miners. The devices were donated to City Hall by the Texas Blockchain Council.
Source: Bits
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