|Raise Close Date||August 11, 2021|
|Last Updated||August 29, 2021|
|Current Amount Raised||$600,000USD|
|Total Raise||$3,000,000 USD|
|Soft Cap||$250,000 USD|
|Raise Status||Open since Active|
|Minimum Investment||$5,000 USD|
|Accepted Investors||International Non Us
|Price Per (BROX)||$.80|
|Token Issuance Platform||TBA|
|Token Issuance Info||4 months according to Canadian regulations|
The Company is raising up to US$20,000,000 through the offering (the “Offering”) of Class B common shares in the capital of the Company which will be issued as uncertificated, digital securities ("Brox Token”). The Company is investigating a listing of the Brox Token on a regulated digital securities exchange (i.e., MERJ Exchange, tZero, etc...) to enable a secondary market. Brox Tokens are deployed as ERC20 smart contracts on the Ethereum blockchain with coded restrictions to comply with Canadian exempt securities laws.
Proof of Concept: Brox’s pilot projects in rural Alberta have proven the gas-to-power and power-to-bitcoin arbitrage. Stranded and suspended natural gas reserves have been utilized to generate electricity and earn a Bitcoin revenue stream of up to seven times AECO market spot prices ($/Mcf).
Ongoing Growth: 250 Company-owned ASICs of the latest generation bitcoin miners generating approximately 2.78 bitcoin (BTC) per month. Launched hosting business by end of Q2 2021 with 216 ASICs deployed."
Scalable Assets: The Company has both organic project areas and several partner relationships in Alberta to expand its portfolio of natural gas assets for reliable power generation to operate company-owned bitcoin mining facilities. The Company identified enough natural gas assets to deploy up to 100 mW bitcoin mining farms, providing power capacity for an estimated 29,000 ASICs. The Company also owns proven and probable oil and gas reserves in east Texas, USA that could be utilized for scaling bitcoin mining operations.
Shovel Ready: Acquired stranded and suspended gas assets to produce over 2.6 mW of power. Five focused project areas producing over 760 Mcf/day with internally estimated reserves of 7 to 11 Bcf of natural gas. Potential to generate up to 13 mW of power to fuel the Company's Phase One growth plans.
Proprietary Designs: Industrial-grade and proprietary mobile mining data centres designed and fabricated in Calgary, Alberta. The Company deployed and currently operates 2 mW of bitcoin mining data centres powered by natural gas and running new generation ASICs. After initial set-up and deployment, the Company’s mobile mining data centres typically achieve approximately 95% runtime, subject to some seasonal variations.
“Brox Equity Ltd. (“Brox Equity”) has engaged Atlas One Digital Securities Inc. ("Atlas One") for this Offering. As an exempt market dealer, Atlas One is required to collect certain personal information in order to comply with Canadian law. This may include information about financial assets, income, professional background and more. This Offering is available to certain eligible investors through the Atlas One investment platform. The content contained on this website and available on the Brox Equity and Atlas One website is for general informational purposes only and shall not be construed as an offer to sell or a solicitation of an offer to purchase any securities. This information is made available on an “as is and as available” basis. Nothing in this website shall be construed as an offer to sell or a solicitation of an offer to buy any securities, liabilities or assets. Brox Equity and Atlas One shall not be liable, under any circumstances for any direct, indirect, special, incidental, consequential or punitive damages, or any other damages whatsoever, including, without limitation, lost revenues, lost profits or loss of prospective economic advantage. The information provided herein and on the Brox Equity and Atlas One website is intended for informational purposes only and is not intended to constitute investment, financial, legal, tax or accounting advice. Many factors unknown to us may affect the applicability of any statement or comment made on this website for investment, financial, legal, tax or accounting advice. Atlas One is not acting in any fiduciary capacity in regards to this material.”