Established Bitcoin Litecoin Ethereum Mining Farm

Morristown, NJ (Morris County)

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Asking Price: $80,000

Cash Flow: N/A

Gross Revenue: $152,560

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $600 /Month

Established: 2016

Established Bitcoin Litecoin Ethereum Mining Farm

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Business Description

Ready facility to mine Bitcoins similar to mining Gold and keeping it!

If you believe in the future of bitcoin, here is your chance to create/mine your own bitcoins. Own a turnkey bitcoin mining farm where all you need to do is flip the power switch and start making bitcoins. No technical experience is required as the facility/operation is already built.

Internet has revolutionized the way we consume shows, movies, TV, books, as well as how we learn, shop, play, drive, interact with others, etc. Internet is coming after the financial monetary system next but it is resisting change. Nevertheless, it is coming, surely but slowly, change will happen. We will pay goods and services with digital money as well as transfer money instantly with very low fees. If you believe in this future, here is your chance to be a part of that and perfect time to get into this business while hardware prices are still depressed and crypto bull market is starting to warm up.

** For Sale as a ready, turnkey BITCOIN LITECOIN ETHEREUM mining farm**

You will have a VERY secure location inside Verizon cell tower facility with dedicated power and dedicated internet to run all of this equipment with low electricity rate. All of the miners including the infrastructure to run them are included in this sale.

FACILITY/LOCATION:
- 2 x 200 amp Commercial Electric Panels
- 2 Separate Dedicated Legal Units
- All inside electric, construction, service line, internet work were completed with approved town permits.
- 20 x 30amp 240V dedicated wall outlets for Power Distribution Units
- 18 x 240V Power Distribution Units, each outlet protected with dedicated fuse
- Underground high speed Internet and 2 dedicated electric service brought to the facility
- 3 x Oversized Intake and Oversized Exhaust fans to keep the location cool
- Contracted low electricity rate at 7 cents (with Constellation)
- Low Rent @ $600/mo
- Very *secure* location with double gates + 24/7 cameras within Verizon + Sprint + T-Mobile cell tower. Location, location, location!

INCLUDED HARDWARE/SOFTWARE/MINERS:
- 34 x Antminer S9 Bitcoin Miners
- 34 x AMD RX580 Rig (8 GPU per rig = 272 GPU total)
- 19 x Antminer L3+ Litecoin Miners
- 91 x 2200W + 1600W Power Supply Units
- 18 x Power Distribution Units
- (2 x 24) + (1 x 16) + (6 x 8) port gigabit network switches
- 1 x 48" Large Belt Drive Portable Drum Fan
- (1 x 36") + (2 x 24") Large Wall Mounted Fan with Shutters
- 1 x 24/7 DVR camera
- 3 x Raspberry Pi hardware + 3 x 16 channel Relay Modules for remote control + automation
- Custom written Automation Software is included that will reboot any miners that has issues
- Remote Control Software is included so that you can remotely access any of the miners
- Enterprise grade firewall is included

* Over $250,000 were spent building this mining operation including the cost of the equipment.

As the price of bitcoin goes up so will the value of this operation/facility. Having said that, please note that this is a very risky business as bitcoin could go down to $100 and you would lose all your capital. Again, this is a very high risk/high reward business.

Answers to frequently asked questions:
*Break-even price for bitcoin mining at this facility is $3846. As long as Bitcoin is above that price, this facility will produce income. *Attached electric bills were from when this operation was generating revenue over $30,000 PER MONTH. *Electricity contract will expire on 4/2020 but I was told by Constellation that they would at least match the rate or even lower it. *Highest offer was during the height of the crypto markets which was 15 Bitcoins, about $300,000. *Why am I selling? I am not in a rush to sell as I do believe that BTC will eventually reach $200,000 before the halving and all the hardware/operations that support it will increase in value. But, my partner do not share my vision and cannot stomach the gyrations anymore and therefore we are selling the operation.

Attached Documents


Detailed Information

Location:
Morristown, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
600
Lease Expiration:
9/3/2021
Employees:
1
Facilities:
Turn key infrastructure to safely and securely run a total of 34 Bitcoin Miners, 19 Litecoin Miners and 227 Ethereum Miners. All hardware/miners/infrastructure/facility are included.
Competition:
This business makes money 24 x 7 with minimal intervention. The two major aspects that affect the bottom line is the bitcoin to dollar value and the electricity rate.
Growth & Expansion:
Great Growth potential due to the fact that bitcoin and related crytocurrency prices are depressed which in turns affect the hardware and its ecosystem pricing. As the crypto winter seem to be thawing, you would be purchasing and getting into this at this great time. So, make an offer.
Financing:
As Bitcoin, Litecoin, Ethereum prices go up, revenue will go up as well.
Support & Training:
4 weeks of support & training will be provided so that the buyer can get acclimated with all aspects of the operation. Buyer could contract technical services of the seller short/long term after. 4 weeks of support will be provided to get you acclimated with the mining operation and will answer any question you have as well as assist in any issues that might arise.
Reason for Selling:
Two partner business - one wants to liquidate and recuperate what he can.
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Business Listed By:
Ty Ozcan

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