XTRA Bitcoin Inc (CBTC)

[surfkast]

Management’s plans include raising capital through the debt and equity markets to fund operations.
https://backend.otcmarkets.com/otcapi/company/financial-report/239616/content

I researched the Fedex tracking numbers and they prove out.(Were antminers delivered?)

I also posted the likelihood that it will be impossible to become a profitable investment for the common investor. Paul will enriching himself and his officers.


If the cost in Canada is .035 each machine can theoretically make $127 per month.

As for Idaho if the cost is .065 each machine can theoretically make $67.56 per month.


The Canadian scenario will gross just under $6000 per month. $72,000 per year.

As for Idaho, it is about 1/2. $36,000 per year.

But there are many more expenses.

The rent alone is over $51,000 per year.

Paul's salary is $180,000 per year.


Profitability calculator.

https://www.cryptocompare.com/mining/calculator/btc?HashingPower=55&HashingUnit=TH%2Fs&PowerConsumption=2750&CostPerkWh=0.065&MiningPoolFee=1


Now from their filings.


XTRA has agreed to pay XCrypto $75,730.48 for the miners, installment and electrical distribution and to pay 70% of rent and NNN lease expenses and actual electrical usage. This $75,730.48 acquisition is financed by XCrypto at 12% over 2 years with a monthly payment of $3,564.90. The five-year RINK, phase 1 lease of $700 per month is with Protocall Technologies Inc - PCLI that has a master lease of the RINK property. Affiliated parties disclosure: The Rink property and XCrypto are owned by Paul Knudson and XTRA - CBTC and Protocall - PCLI are controlled by Paul Knudson.


https://www.otcmarkets.com/stock/CBTC/news/XTRA-Acquires-70-of-RINK-Phase-1-Mining-Facility-Lease-and-37-new-ASIC-Miners?id=255991

Now toss this into the mix.


The Pines Townhomes LLC, a privately held company owned by XTRA’s CEO/Director Paul Knudson, is re-purposing a
self-storage facility located in Ontario, OR, USA into a data center with 7MW of electrical capacity in phase one and an
additional 8MW in phase 2. XTRA Bitcoin Inc. has acquired 5-year leases on building space known as Wonka #5 and
Wonka #6. Each lease consists of six storage units combined into a 900 square foot unit and the right to access 1.25MW
electricity primary on site. XTRA is obligated to pay all costs to install the high-voltage primary, transformers, metering and
secondary distribution electrical systems from utility interconnect onsite to their equipment. XTRA also has a performance-
OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v2.1 December 2019) Page 10 of 13
based option to acquire access to an additional 7.5MW electricity for expansion at this site. This site’s location is Ontario,
Oregon, USA. Facility is inside a security fenced property. XTRA is in the development process of raising capital to install
the electrical system and to purchase energy-efficient ASIC miners.

Leased facilities: Wonka #5 and Wonka #6. Each unit’s lease rate is $345/month as storage units to reserve the space
and allocation of electrical power capacity. Lease rate increases to $4,855/month NNN when the primary power is extended to the unit by either party.


The Company CEO, Paul Knudson, is compensated $15,000 per month for his services and has agreed
to accept payment in the form of “restricted” Series E Preferred shares at rate of 1 share per $1.00 until
such time as company is funded and generating revenue adequate to meet payroll. All other officers and
directors have volunteered their time for 2019 and will revisit compensation issue for 2020.