Josh Terry BitVault

Josh Terry BitVault

Closed: Jul. 2022

About this raise: Josh Terry BitVault, with a valuation of $2.94 million, is raising funds on Wefunder. The company runs a successful and fully operational Bitcoin mining facility and helps people invest in Bitcoin without mining themselves. The company’s miners run on wind-based green energy and at lower power costs to ensure lower costs of investment. Josh Terry BitVault has partnered with a Bitcoin mining facility and leverages funds from individual investors to scale up operations. Josh Terry, Josh Paul Baric, and Drew Kulak founded Josh Terry BitVault in November 2021. The current crowdfunding campaign has a minimum target of $500,031 and a maximum target of $4,999,993. The campaign proceeds will be used to purchase Bitcoin miners and pay legal and accounting expenses.

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Investment Overview

Invested this round: $671,549

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
01/19/2022
Close Date
07/18/2022
Min. Goal
$500,031
Max. Goal
$4,999,993
Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$79.37

Pre-Money Valuation

$2,936,690

Company & Team

Company

Year Founded
2021
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Cary, North Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Josh Terry
Title
Head of Marketing and Implementation
Founder Name
John Paul Baric
Title
Head of Mining Operations
Founder Name
Drew Kulak
Title
Head of Product Development

Financials

 Revenue
$0
 Monthly Burn
$1,594
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-19,130

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$8,800

$0

Long-Term Debt

$10,330

$0

Total Liabilities

$19,130

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/18/2022 Wefunder $2,936,690 $671,549 Equity - Preferred Funded RegCF
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Add to portfolio
Josh Terry BitVault on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $2,936,690
Price per Share: $79.37

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