Cooperation Instructions for Joint Construction of Mine Farm:
1.Joint construction of mine farm means that the power resource party is responsible for confirming the power supply with the local power supply bureau.
The mine farm management party is responsible for the construction and management of it, which is jointly invested by the miner seats owners and owns all the property rights of the mine farm.
2.The constructed miner seats can be used by its owner in priority according to the proportion of shares, or it can be external leasing and hosting jointly.
3.The hosting electricity price is basic electricity price ,that is, the settlement electricity price of the miner seat owner and the actual external electricity price is slightly higher than the basic electricity price.
4.The profit of the hosting electricity fee for the miner seat owner’s own use is owned by themselves.（After deducting management fees）.
5.The process ,related documents and cost investment list of construction will be public to the miner seat owner
6.Main process of mining farm construction:Establishment of local companies-Sign electricity agreement-Submit compliance procedures-Purchase the equipments for mining farm-Mining farm construction-Power on operation
7.The mine construction period is estimated.The calculation period starts when the participation share of the joint project reaches 80%, which may be advanced or delayed.
The real-time progress will synchronize the information to the miner seat owner in real time. If the project is delayed due to special circumstances, the valid proof will be disclosed to the miner seat owner.
- power supply scale
The power supply contract and the site lease contract, the construction process is internally disclosed. The purchase of power equipment can be audited.
- Number of seats
Take 3500W as the standard
- Construction Cost
The equipment investment list can be audited. Professional management, low construction cost, and the most cost-effective
- mine property rights
It can be hosted and operated by itself, or it can be entrusted to the platform party to lease out to earn the difference in electricity bills
- Annual return
Shareholders' internal default dividend time node, usually quarterly.
According to local property insurance requirements, docking property insurance
Take out property insurance
- Cost Electricity Price
The local power bureau's supply price, take the electricity price
- Administrative Expenses
Mining farm construction, mine management, mining machine maintenance
- Construction Period
The estimated time of the first phase of planning and design, as well as the engineering company's timetable. Due to the epidemic stage, it is normal for the time to deviate.
- Managed electricity bill
For internal shareholders, it is cost electricity price. The cost electricity price is set by internal shareholders. Generally, a 30% premium on the cost price is the price for internal use. The premium electricity fee is the benefit of all shareholders, and dividends will be distributed in the interests of shareholders. .