DIGITAL CURRENCY MINING
Not fiction. Just science.
Cryptocurrency units are generated by “mining.” This task requires a lot of computer processing power. Essentially, the computer is rewarded for solving difficult math problems.
Miners provide the backbone of the Bitcoin (and other currencies') network. For providing computer infrastructure miners are rewarded with cryptocurrencies which are converted to cash.
PROVEN CONCEPT. FUNCTIONING MINE.
Electrium Mining's predecessor Valhalla Mining was launched in Q1 2017. In seven months the business was cashflow positive.
Electrium's current mining facility is located in Budapest, Hungary, Europe's lowest cost electricity market. There are 185 different mining rigs mining a variety of cryptocurrencies. The mine has been functioning without any downtime since spring 2017. The company is adding new capacity in Canada where electricity costs are as low as $0.03/kw
MULTI CURRENCY STRATEGY
Electrium has pioneered a multi currency mining strategy. We are not exposed to mining Bitcoin only. We've mined hundreds of different lesser known currencies over the past year. We specialize on mining what's currently hot and profitable. Our diversified equipment portfolio and multi-algorithm system allows us to mine up and coming favorites as well as trusted bluechips.
One of the biggest risks in the mining industry is price fluctuation. We apply sophisticated hedging technologies and methods to mitigate exchange risks. Alternative coins are sold forward or at the end of each day are converted to Bitcoin.
Through our tested and proven reinvestment strategy we've been accomplishing double digit growth month after month. We are allocating 77% of our earnings to new hardware acquisition to ensure rapid, exponential growth. The remaining 23% of profits are reinvested in R&D and diversification in the cryptocurrency space.
CRYPTO MINING V2.0
We take pride in taking cryptocurrency mining to new, unseen new. As apposed to giant Bitcoin farms where only brute force is applied, we take advantage of sophisticated software systems, artificial intelligence, the latest blockchain innovation and our own state of the art mining software. We believe that as the industry matures, you can only stay ahead of the herd by innovating and creating new mining enhancements. That's why we allocate 23% of all profits to research and development.
MINING MULTIPLE CURRENCIES
Bitcoin is just the tip of the iceberg. There are more economical and higher yielding currencies to mine with lesser difficulty. Our human and artificial intelligence keep an eye on up and coming and trending currencies.
FULL MINING TRANSPARENCY
Our mining management software allows us to offer full transparency, network and performance reporting for management and investors. Furthermore the software allows Electrium to operate and manage multiple mining facilities anywhere on Earth with simple clicks.
LINKING MARKETS AND MINES
Electrium's mining software checks market conditions on all major crypto exchanges and adjusts mining algorithms to changing market conditions.
ISO 9001 SECURITY
Electrium is looking forward to becoming ISO9001/27001 certified. The company already applies the highest levels of information and data security to its facilities and networks. Apart from short term (1-3 days) mining results all proceeds are stored in cold storage facilities in bank vaults. Facilities are insured, monitored for fire, theft and data breaches.
BALANCED PORTFOLIO OF RIGS
Our experience shows that not all crypto currencies can mined with the same efficiency. We believe in applying a portfolio strategy to our mining rig fleet. By not putting all our eggs in the same basket we can hedge against cryptocurrency mining downtrends, exchange rates and increasing difficulties. We keep a balanced portfolio of equipment capable of mining running various algorithms and currencies.
FINDING THE LOWEST COST GREEN ELECTRICITY
We believe that we are responsible to both to our shareholders and our planets. We are constantly striving to find the lowest cost electricity that generates the best possible returns without any permanent damage to our environment.
Electricity is the lifeblood of cryptocurrency mining. The most successful miners operate in low energy costs environments. Our current operational base in Hungary is the lowest cost energy environment in the European Union, but our facility in development at $0.03/Kwh in Canada is even lower. It is the most cost efficient crypto currency mining environment in North America. Combined with a blockchain friendly political climate, cool temperatures and cheap hydro electricity Canada is the ideal location for cryptocurrency mining.
THE FUTURE OF ELECTRIUM IS BEYOND MINING.
Electrium aims to be a full service low cost crypto commodity producer, broker, lender and financial institution by 2020.
BITCOIN ATM NETWORK
Company plans to acquire and place Bitcoin ATMs and launch an owner financed Bitcoin ATM franchise network supported by its own low-cost Bitcoin production.
By licensing high speed trading technology Electrium plans to launch its own crypto currency trading platform. Low cost liquidity will enable to company to gain a competitive edge in this underdeveloped arena.
With a commercial and retail client base company can lend both crypto and fiat currencies collateralized by client's crypto holdings. In addition company may enter the peer to peer lending business which is still in it infancy.
CRYPTO INVESTMENT BANK
With a B2C lending and trading platform Electrium's natural progression is to become a full fledged crypto investment bank that connects crypto capital with businesses.
Robert Forras, COO
Robert is an early internet entrepreneur and launched his first online gaming company in 2002. He developed P2P gaming technology and now devotes his time to cryptocurrency mining. Robert co-founded Valhalla Mining which became profitable in less than 8 months. "We live in exciting times, there hasn't been a financial revolution like this since the Medicis began using double-entry bookkeeping in the 1300s."
Andrew G. Szabo, CEO
Andrew launched his first internet company in 1996. He co-founded Date.com and owned and managed a series of gaming sites in the early 2000s. Andrew co-founded Valhalla Mining in 2017 and is overseeing the development of artificial intelligence components of Electrium. "The thrill of being at the forefront of the Blockchain revolution reminds me of the early days of the internet. It's the greatest time to create and bring ideas to life."
Mark Baranyi, CTO
Mark has been designing and building specialized networks since 1996. He mined his first Bitcoin in 2010 from a rig placed under his desk. He created Electrium's network. He brings 7 years of cryptocurrency mining, rig construction, facility cooling and mining optimization experience to the company. Mark is also a skilled programmer and systems specialist. "Blockchain is what the internet was supposed to be."
Denes Kelenyi, AI & Development
Dindi is not only an accomplished network engineer (Delphi, CIBC), but an early crypto currency miner and blockchain developer. He mined his first Bitcoin in 2012 and developed BitcoinIPN a secure blockchain notficiation system. His accomplishments also include a cryptocurrency arbitrage monitoring system, a prediction market software and a machine learning and data mining project. He builds intelligent drones and AI automation systems in his spare time. "Teaching robots how to mine virtual currencies better than humans is a wilder concept than anything I had ever imagined. It gives me thrills to run this team."
Adam Balogh, Mining Manager
From building GPU based mining rigs to designing advanced data center cooling systems and managing thousands of concurrent mining rigs, Mr. Balogh is among the most experienced cryptocurrency miners in the world. With a degree in trade and finance as well as five years of crypto mining skills Mr. Balogh understands both the technical and the commodity trading challenges of cryptocurrencies. He’s well versed in mining equipment supply chain procedures as well as multi-coin, multi platform remote management.