The BITEX 66 Power Corp is raising $2,000,000 in a Seed Round Financing priced at $0.82 per share, representing 13.18% of the company. The funds will be used to:
- Acquire Foundational Oil and Gas Assets: These assets have been previously secured by EnerBlock through the BITEX 66 Leasehold SPV which will be assigned to BITEX 66 at cost.
- Recruit and Hire Key Personnel: Strengthen our team to support growth and operations.
- Finance the Initial Pilot Project: Equip existing gas production with approximately 500 kW of power generation to power 20,000 Terahash of Bitcoin mining.
The Seed Round will be followed by a Series A financing round, aimed at raising $10,000,000 at a post-money valuation of $52,863,903 ($2.33 per share), representing 16.43% of the company. This round will focus on:
- Increasing oil production targeting 80 barrels per day.
- Increasing gas production targeting 1,300 mcf per day.
- Expanding power capacity to 3.5 MW.
- Scaling Bitcoin mining to 180,000 Terahash.
Projected NAV of Bitcoin Treasury Reserves from these investments is estimated at approximately $117,000,000 measured over ten years. This financing and operational plan is expected to immediately increase Seed Round share value by approximately 284%.
EnerBlock Unveils Revolutionary Value Enhancement ImageBITEX 66 Power Corp integrates and consolidates 3 of the most important asset classes for modern day accredited investor portfolios. Oil & Gas, Decentralized Power Generation, and Bitcoin. BITEX 66 represents the first venture offering of its kind for accredited investors to participate in the exciting economic synergy created by integrating these verticals through a vehicle engineered to transition analog wealth to digital capital while maintaining a fundamental connection to the physical world.
BITEX 66 Power Corp is designed for optimal performance, integrating advanced technologies to potentially achieve effective net natural gas economics of $9.00 to $36.00 through our vertical integration strategy. By combining natural gas utilization with cutting-edge ASIC mining systems, we aim to ensure maximum uptime and efficiency. This approach positions BITEX 66 as a leader in digital energy and capital Transformation.
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“We designed BITEX 66 Power Corp to be an all-weather, energy-based strategy that transforms under-appreciated assets into high-performance digital capital, setting a new standard for 21st-century energy businesses.”
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