VBit DC

Growth Stage

VBit DC is a versatile trend-setter in the bitcoin mining industry

Analytics

Raised to Date: Raised: $841,573

Aggregate Commitments $

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

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$95,000,000

Discount Rate

0%

Rolling Commitments $

Status
Not Funded
Reporting Date

11/09/2021

Days Remaining
Not Funded
% of Min. Goal

84%

% of Max. Goal

17%

Likelihood of Max
Not Funded
Avg. Daily Raise

$60,112

Momentum
Not Funded
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Location

Philadelphia, Pennsylvania

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

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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VBit DC on Wefunder 2021
$
Platform: Wefunder
Security Type: SAFE
Valuation: $95,000,000

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