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Why Am I Starting a Bitcoin Mining Company?

It’s an Honor and Frankly a Thrill

Why Am I Starting a Bitcoin Mining Company?

Establishing Bitcoin mining centers in the United States of America and other democratic North American countries is an honor, and frankly, it is a thrill.

I am so bullish on Bitcoin mining, I hereby announce the launch of the pre-seed investing round in my company, Northern Digital Group, LLC. I am selling equity in return for funding, and I am inviting you to join me in this exciting endeavor.

What is Pre-Seed Funding?

The earliest stage of funding a new company comes so early in the process that it is not generally included among the rounds of funding at all. Known as “pre-seed” funding, this stage typically refers to the period in which a company’s founders are first getting their operations off the ground.

Why Mine Bitcoin?

Let’s break down my six main reasons:

I am Bullish on Bitcoin Long-Term

Bitcoin is scarce — it has a finite quantity. Only 21 million will ever be mined, over 18.7 million have already been mind. Laws of supply and demand apply. For a deeper drive, read my full blog here from February.

Many Bitcoin early adopters were well aware of this. Currently, nation-states, corporations and institutional investors have now become aware of this and either mining themselves, or investing 1%–5% or more of their savings in Bitcoin. Notable examples this year include MicroStrategy, Square, Tesla, El Salvador, Panama, Paul Tudor Jones, etc. The list goes on and on and every few weeks there is news of another coming on board.

The road will be rocky, we are still early, and I am in in for the long haul.

Mining Hash Rate is Down.

Bitcoin Hashrate - June 2021

The recent Chinese mining ban and exodus of miners from China is bearish on price action, but bullish for miners. In short, it is easier for miners to mine more Bitcoin. As of June 22, 2021, the mining hash rate is down more than 50% from its peak earlier this month.

The Best Time to Succeed is in a Down Market.

Competition is the greatest enemy of a business. There is less competition when there are more bears than bulls in this market.

I am Bullish on Infrastructure

Like in any new activity, such as prospectors in the California Gold Rush of 1849 or traders of the Bitcoin bull markets of 2017 and 2021, a few seeking to get rich do, but most don’t.

Those with the most skin in the game of infrastructure succeed — you can only get out what you put in. In 1849, the biggest winners from the gold rush were the sellers of picks and shovels, that went from $0.10 to $25.00 overnight. So were those who owned real estate in and around a little town called San Francisco. In 2017 and 2021, the exchanges, miners and service providers who built the network and provided the virtual foundation, structure and services for digital currency adoption succeeded.

Being embedded in the infrastructure isn’t just about making money. That is a necessity of a successful business, and is definitely part of our business plan. But to me it is more meaningful. Digital currency already has been and will be the predominant innovation of the 21st century and beyond. Being the founder of a company that helped secure the Bitcoin network in first half of the 21st Century will mean I did my part to build a better world.

I am Bullish on Democracy

Bitcoin is democratic internet money secured by code. It is the people’s currency. No government or corporation can decide who does and doesn’t get to participate, create value, transact, help or be helped using Bitcoin. It is truly decentralized. Autocratic national governments have and will continue to stop Bitcoin, and they will continue to fail. The only way the Bitcoin blockchain could be hacked would be a hypothetical 51% attack. Thus putting many large data centers in North America is important to keep it decentralized, countering any bad actors that are also involved.

Establishing of Bitcoin mining centers in the United States of America and other democratic North American countries is an honor and frankly, it is a thrill.

I am Bullish on Hydro Power

Most renewables have the disadvantage of not being able to generate power 24 hours per day, 7 days per week. Hydro does not. Fossil fuels can also do this but most pollute the environment — I think natural gas gets a bad rap. Hydro does not pollute it is carbon-neutral. From a costing standpoint, which is make-or-break in this business using a location with this power source enables low cost electricity and thus enables a Bitcoin mining company to be profitable.

Strategy & Objectives

Our company already has an active media division — thelatestblock.com, Bitcoin, crypto and fintech curated news website & blog. The natural next step deeper into the industry is establishing our first mining center.

After 3 months of searching, I have located a city in a business-friendly, crypto-friendly state and have contacted and received the support of the very smart Mayor of the city. I am working with a realtor and the energy utility to get the location established. The combination of business-friendly politics, low electricity cost and low real estate cost is the special sauce to locate our first Bitcoin mining center.

Objectives for Q3 2021:

  1. Fundraise for the 1-year budget that will enable the company to be large and established enough to achieve ROI after approximately 15 months.
  2. Secure the premises.
  3. Secure the miners.
  4. Become the full-time CEO.
  5. Build the right team.
  6. Establish and run the mining data center.

My long-term strategic priorities for the company are:

  1. Build a strong base in the infrastructure of Bitcoin & Crypto.
  2. Continuously locating advantageous market opportunities.
  3. Locate niche opportunities by finding underserved markets.
  4. Create value and then capture some of that value.

Join Us!

If you want to:

  • Be a part of the future of finance.
  • Invest in a founder with a burning desire to succeed & skin in the game.
  • Own a significant portion of a Bitcoin mining company.
  • Get into a company early.

Now is your chance!

Join us, and be a pre-seed investor to be part of Bitcoin mining launch!

To invest or find out more details, email us at:

northerndigitalassets@gmail.com

You can find us across social media:

Twitter: @alexandre_lores @TheLatestBlock @NorthDigiGroup

Instagram: @ceoalexandrelores @TheLatestBlock

Facebook: The Latest Block

YouTube: Alexandre Lores

Website: thelatestblock.com

 


This article is not investment advice, nor does it take your personal financial situation into account. Never invest more than you are willing to lose, and don’t buy Bitcoin or other investments on credit. I write about my observations and personal opinions with the purpose to share what I have learned with others.

Disclosure: I am invested in Bitcoin and other cryptocurrencies.

Author

Alexandre Lores is a personal finance writer from Tampa Bay, Florida, with the goal to help one million people achieve financial freedom. He has spent over five years studying markets and economics, finding Bitcoin in 2017 and never turning back. He frequently appears on TV and in online news articles and is a regular Twitter spaces host.

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