Whats behind and whats ahead.
Thanks to a successful ICO, where Hydrominer raised 8676 Ether, we built fully equipped mining operations and a mining portal for our customers.
What’s next? Hydrominer will launch the H3O token in Q2/2018. H3O will be the first fully compliant security token according to European financial law, which will grant similar rights to the ones shareholders have. H3O makes it possible to benefit from Hydrominer’s value growth.
Founding of Hydrominer
HydroMiner was founded by Nadine and Nicole Damblon, who came together with a group of miners in Vienna in, who formed a GesbR. They had the idea to move their mining equipment directly to the source of energy, into the hydro power stations, where they avoided the grid costs and were able to solely use renewable energy.
In Q2/2017, HydroMiner Limited Company was founded and registered in Vienna.
First Mining Farm in Schönberg
Hydrominer rents the first hydro power station in Schönberg with an output of up to 290 kWh, around 120 mining units are deployed there, each rig containing 6-10 GPU cards.
Hydrominer raised 8676 Ether during the ICO, participants were able to buy H2O Tokens, which are vouchers for mining time on the mining facilities of Hydrominer that were build with the raised funds.
Second Miningfarm near Waidhofen an der Ybbs
Building of the second facility with 250 Antminers S9 and a container with 1152 GPU cards, constant energy supply of 600 kW.
HydroMiner implemented a mining portal which allows users to redeem their H2O tokens towards 2-year mining contracts. Mining start for Token holders was Saturday 24th of February.
The mining shop was implemented in early march, where mining contracts can also be purchased with fiat money, BTC, ETH and other cryptocurrencies. Customers can choose if they want to mine Bitcoin, Bitcoin Cash, Ether, Ether Classic or Zcash. Other currencies will follow.
In an upcoming Joint Venture with a group of renowned investors in Austria, Hydrominer plans to equip its 3rd hydro power station, again near Waidhofen.
Presale H3O Token
Tickets with a minimum presale payment amount of 140 000 USD will be sold during the Presale that starts end of February 2018. Investors will own a participatory right that will let the owner participate in the growth and value of HydroMiner. When the second ICO starts, probably in Q2, the participatory right will be converted into a tokenized security.
The H3O Token will be a compliant security token with a capital market prospectus according to the European financial law.
Main Sale H3O Token
With the start of the main sale of H3O security token, H2O Token Holders can upgrade their H2O Tokens into H3O Tokens, for an 1 H2O : 50 H3O exchange rate, after the capital market prospectus for the H3O Token is approved by the financial authorities (Q2). Hydrominer’s H3O will be the first fully compliant security token according to european financial law.
More information will be released as soon as this has happened, please check the latest H3O update.
Building of new Mining Farm
In Q3 HydroMiner will build new mining facilities, currently HydroMiner looks at hydro power stations in Georgia and Canada. With the funds from the second ICO these power stations will then be equipped with the mining hardware.
Depending on the amounts raised the hydro power stations can be aquired by HydroMiner.
The constant output of the hydro power stations the team currently looks at in these countries ranges from 2 MW to 25 MW.
In Q4 the team will prepare the IPO of HydroMiner, probably at the AIM (Alternative Investment Market), a segment of the London Stock Exchange. The team is already in contact with lawyers and advisors to get everything done in time for a listing end of 2018 or start of 2019.
Through this step HydroMiner is able to offer more traditional investors an entry point into the crypto mining business.