We have designed a 7,500 square foot warehouse with 1,250 square feet in the back to store electrical equipment and transformers to operate the mining equipment. The middle 5,000 square feet will consist of a hot aisle venting exhaust through the roof and a cold aisle which will pull in fresh air from the outside eliminating the need for costly AC equipment lowering the overall electrical cost to host and operate the mining equipment. The equipment will be stored in 112 network server racks, with 18 miners in each rack for a total of 2,016 miners per facility. The remaining 1,250 square feet up front will be for maintenance of the mining equipment which we plan to do on site, keeping the miners online and producing revenue with as little downtime as possible.
The current plot of industrial land we are looking to purchase will be able to accommodate five of these facilities. If we are able to raise the maximum amount of the Regulation A offering, we will be able to complete four out of the five facilities, with the remaining facility being built soon after with the revenue of the 1 st four facilities.
As each facility will be able to accommodate 2,016 miners, our total hash rate per facility will be 28,224 TH/s (Tera Hashes) or 14 TH/s per miner with approximate power usage of 3 MW (Megawatts). With all five facilities built, will be able to host 10,080 miners for a total hash rate of 141,120 TH/s consuming approximately 15 MW of electricity.
With all five facilities at full capacity, the Company will be able to mine close to 5,000 Bitcoin annually. The number of bitcoins we are able to mine, and the profitability will depend upon a number of factors including the price of Bitcoin, electricity costs, the total network hash rate and the block reward . The Company is currently working on implementing a cryptocurrency mining profitability calculator on its website where shareholders will be able to calculate the profitability in real time.
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