Crypto mining firms suffered heavily during the course of crypto winter, with many being forced to downsize or shutdown completely. While a few broke the mold and grew during this period, mining firms are starting to expand once more thanks to market rejuvenation. Elite Mining – a Washington state based crypto mining firm – has announced that it’s launching a $6.4 million series A funding round using a security token offering (STO). The token will give investors the chance to own a slice of the company as well as receiving dividends via a smart contract!
Open to Most Investors
As far as funding rounds go in the crypto world, many of the new STOs are relatively restrictive – meaning you have to fit a certain criterion to invest. However, Elite Mining is allowing regular Joes to invest thanks to conducting the funding rounder under US Securities Exchange Commission (SEC) exemptions Reg D 506 (c) to accredited US investors and under Reg S to non-US investors. This simply means anyone with enough money and sense can invest into the STO to start earning dividends from one of the most promising crypto mining firms around. The minimum investment is $7,500, meaning the barrier to entry isn’t too high for most crypto investors.
Eco-Friendly Mining
Being based in Washington state, Elite Mining is tapping into the massive reserves of green, clean and renewable energy. Washington state is the largest producer of hydroelectric power in the United States, meaning power rates are incredibly cheap in the state. Elite Mining is tapping into this massive pool of low-cost and clean energy to power its mining rigs, making its EMI token a great one to hold if you’re all about protecting the environment while looking for juicy dividends. It’s estimated that 77.6% of all power used in the crypto mining world is green, clean and renewable, busting myths that Bitcoin and crypto mining is bad for the planet!
Lots of projects are currently launching funding rounds, as investors look more and more interested to dive into the crypto world. Crypto winter looks officially over with markets rallying all around, a great sign for Elite Mining’s funding round. While Elite Mining will be one of the first mining companies to launch a funding round this year, it certainly won’t be the last. Thanks to crypto markets thawing out, investors are feeling the urge to splash the cash and acquire tokens from top projects. With only 148 days remaining, you’re going to need to be quick if you’re after some EMI tokens!
