01 / POWER
Low modeled energy cost
The base case uses approximately $0.023/kWh, 95% uptime and 1.15 PUE. Final tariff and supply terms remain subject to diligence.
Turkmenistan / Strategic capital · phased delivery
Project profit participation / 84-month model
A three-stage industrial facility in the Balkan Region, combining low modeled power cost, liquid-cooled infrastructure and an investor-first profit waterfall.
Investment case
The underwriting case is built around power cost, deployment milestones, control of the equipment and measurable operating performance. Headline economics remain modeled and indicative.
01 / POWER
The base case uses approximately $0.023/kWh, 95% uptime and 1.15 PUE. Final tariff and supply terms remain subject to diligence.
02 / PHASING
Capacity is commissioned in three stages: 6.25 MW, 12.5 MW and 31.25 MW, aligning capital deployment with operating milestones.
03 / ENGINEERING
The design uses a centralized two-loop liquid-cooling system within a purpose-built industrial facility.
04 / ALIGNMENT
The modeled investor share is 70% before capital repayment and 30% after repayment, subject to definitive documentation.
Transaction structure
Final economics, security, governance, eligibility and closing conditions are established only in definitive transaction documents.
Modeled economics
These figures are planning outputs, not forecasts or guarantees. Results can vary materially with digital-asset price, network difficulty, power, uptime and commissioning.
Modeled equipment and construction requirement at full scope.
Planning assumption requiring confirmation in project agreements.
Modeled repayment of invested capital under the 70% pre-payback share.
Modeled project-level accumulated profit reaching CAPEX.
Three-stage build-out from 6.25 MW to 12.5 MW to 31.25 MW.
Liquid-cooled ASIC units at the full planned deployment.
Preliminary delivery roadmap
Timing is preliminary and shifts with financing, power agreements, procurement, permitting and site readiness.
Complete financing, diligence, definitive documents and execution prerequisites.
Begin construction and procurement for the first 6.25 MW deployment.
Launch the initial operating stage with approximately 1,110 units.
Commission the second stage after phase-one operating validation.
Complete the third stage with up to approximately 5,550 units at full scope.
Risk factors & controls
Digital infrastructure and digital-asset-related projects involve substantial risk, including possible loss of capital.
Permitting, local regulation, currency, enforcement and policy changes may affect delivery and economics.
The tariff, available capacity and grid conditions require contractual and technical confirmation.
A multi-stage industrial build is exposed to schedule, contractor, logistics and cost-overrun risk.
BTC price, network difficulty and halving effects can materially change revenue.
Control, reporting, lease rights and distributions depend on enforceable definitive agreements.
Modeled returns and repayment are not guaranteed; investment capital is at risk.
QUALIFIED COUNTERPARTIES
This project profile is for informational purposes only and is intended for qualified counterparties. It does not constitute an offer to sell, or a solicitation of an offer to buy, any security or financial instrument. All financial figures are modeled and indicative, subject to due diligence and definitive documentation, and are not guarantees of future performance. Investment involves substantial risk, including possible loss of capital.