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TRANSEASTERN POWER TRUST 7.5 PCT DEBS V.TEP.DB



TSXV:TEP.DB - Post by User

Comment by vinny19on Dec 14, 2017 11:51am
81 Views
Post# 27156584

RE:RE:Namechanger BLOCKCHAIN POWERTRUST

RE:RE:Namechanger BLOCKCHAIN POWERTRUST
Agree, I think it's flying under the radar for now...

next 6 months will get interesting

Cryptocurrency Mining Data Center

Subsequent to the completion of the Offering and the acquisition of the OMV Wind Project, the Trust intends to establish a data center operation containing hardware (the "Mining Equipment") to mine the digital currency Bitcoin ("BTC") predominantly using electricity produced from the OMV Wind Project. The Trust has received a non-binding term sheet for EUR16,500,000 of project level debt financing from a European bank, which will be used indirectly to acquire the Mining Equipment. It is intended that the Trust will power the Mining Equipment primarily through the electricity generated from the OMV Wind Project. The Mining Equipment is expected to have an installed capacity of 10.05 MW base load and 90.7 PH/s processing power. The Trust has entered into a non-binding purchase order for the Mining Equipment and anticipates the Mining Equipment to be installed in phases and fully operational within six months of entering into the binding purchase order.
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