RenewaBlox
Early Stage
88 Acres of Solar Power & 72 acres of Solar & Bitcoin Mining in Illinois, USA
Overview
Raised: $27,042
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/15/2023
Close Date
08/30/2024
Min. Goal
$50,000
Max. Goal
$697,659
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$11,500,000
Valuation Cap
$15,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
Days Remaining
114
% of Min. Goal
54%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$155
Momentum
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Year Founded
2023
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
RenewaBlox, with a valuation of $15 million, is raising funds on Wefunder. The company is involved in community solar sites and solar-powered Bitcoin mining operations. RenewaBlox has acquired 160 acres of farmland in Illinois, of which 88 acres will be used for solar power and 72 acres for solar-powered Bitcoin mining. The business will work on a unique and diversified revenue model with guaranteed solar income at the US Federal and State levels and has a crystal clear roadmap. Callum Wheeler founded RenewaBlox in September 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $697,659. The campaign proceeds will be used for the CS1 phase main development costs, infrastructure fees, complete development of the POG1 phase, and other expenses.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$10,000 |
$0 |
|
Total Assets |
$10,000 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 11/15/2023
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