VBit DC
Growth Stage
VBit DC is a versatile trend-setter in the bitcoin mining industry
Overview
Raised: $841,573
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/27/2021
Close Date
11/10/2021
Min. Goal
$999,999
Max. Goal
$5,000,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$95,000,000
Discount
30%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/09/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$60,112
# of Investors
3,303
Momentum
Not Funded
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Year Founded
2019
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
VBit DC, with a valuation of $95 million, is raising funds on Wefunder. The company is revolutionizing the bitcoin mining industry with its smart solutions. The solutions of VBit DC aim to make bitcoin mining more efficient and greener with low maintenance costs and a low carbon footprint. VBit DC currently mines more than $1 million in BTC a month and has ordered and secured over 4,000 Bitmain Antminer S19 and S19 Pro miners. Danh Vo founded VBit DC in September 2019. The current crowdfunding campaign has a minimum target of $1,000,000 and a maximum target of $5,000,000. The campaign proceeds will be used for the acquisition and construction of a new data center, purchasing more computer equipment, hiring more employees, and infrastructure expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-62,721 |
$-625 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$100,000 |
$110,000 |
|
Accounts Receivable |
$0 |
$625,000 |
|
Total Assets |
$4,102,818 |
$735,000 |
|
Short-Term Debt |
$3,261,565 |
$0 |
|
Long-Term Debt |
$0 |
$100,625 |
|
Total Liabilities |
$3,261,565 |
$100,625 |
Financials as of: 10/27/2021
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