Mid November progress report.
Today we met with the electric company Engineer at our warehouse. The electric company can provide us with 3 Mega Watts (3 million watts) of electricity at 480v; this is enough power for 600+ miners. They have a transformer on hand; it was ordered for a new hospital, but the hospital is not ready for it yet, so we get it.
The 480v electric service means that we are pivoting away from the shipping container and towards the “kits” mentioned in my last text update.
Timelines are now in motion. Electric service in 12 weeks or less. Dry cooler and immersion tanks in 10 weeks. Plumbing and warehouse electrical at weeks 10 to 13. Need to order miners and begin cleaning and servicing them. So much to do.
We are ready to begin receiving your Capital Contributions; these funds will be used for immersion tanks and miners. As previously stated, the Managing Partners will fund the electrical and the plumbing (chilled water from the dry cooler to the immersion tanks).
This weekend I will email you the Partnership Agreement filled out with your information. Please fill in additional blanks, sign, and return (via snail mail) along with your funds (either check or wire transfer).
I expect to be mining in March (or possibly sooner), but COVID is affecting supply chains, so no promises but we want to get mining as quickly as possible.
As equipment gets ordered we will be providing you with regular updates via a geeky spreadsheet so you are fully aware of our progress. Likely pictures of shipments as they arrive, and videos too of us cleaning miners.
Here we go,
Mark
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