Coinsensus AS

Coinsensus is a digital asset technology company with a focus on the blockchain ecosystem and cryptocurrencies. Highlights: - We have operated Cryptocurrency mining farm for over 4 years - 8x average returns over the last 4 years. - Infrastructure in place, to support strong expansion. - Equipment delivery agreements in place to escalate operations. - Extensive know-how to operate and maintain mining farms at scale Investment Case: - Focus on applications within the Blockchain and Cryptocurrency space. - Team has extensive knowledge and experience from Blockchain, Bitcoin Mining and Cryptocurrencies. - Initial project is Coinsensus mining. - Reservations for delivery of mining equipment, location for mining farm and power supply in place. - Favorable local government regulations (Norway). - Fast track execution - start of operations Q3 2021. - Profitability already in first year. - Potential spinoffs from future projects. - Listing of company/exit when appropriate. We have reservations in place for delivery of mining equipment + location for mining farm and sufficient power supply in place. We have operated a smaller mining farm for 4 years, and are now looking to expand our operations. The Market Bitcoin, other cryptocurrencies and their underlying technology are likely to become increasingly efficient as they continue to evolve and develop in unison with more government regulation. We are witnessing the installation period of bitcoin, where both financial and production capital is beginning to play crucial roles. Entrepreneurial activity is increasing, and investment is flowing into crypto, creating a turning point. Barry Silbert, Founder of the Digital Currency Group, believes we are one step closer to bitcoin mining being deemed by the U.S. government as critical infrastructure stating, “Government will then try to bring mining to the U.S. through financial incentives, and might get into the mining business itself''. Equity/debt strategy: The mined bitcoins/cryptocurrencies will as a main rule be held. Mining equipment and Opex to be funded with debt. In order to fund the operational plan until 2025, the following rounds are planned for raising new equity: Round #1: EUR 1,000,000 (2021) Round #2: EUR 2,500,000 (2022) Round #3: EUR 4,500,000 (2024) Round #2 and #3 will be directed at existing and new investors, based on a higher valuation than round #1.
Location Norway
Website coinsensus.io
Founded 2020
Employees 1-10
Industries Fintech
Business model B2B
Funding state Series A

Working at
Coinsensus AS

This job comes with several perks and benefits

Skill development
Skill development

Equity package
Equity package

Key numbers

€1.1m

Yearly revenue

Team

ET
Founder, CEO/COO

Erlend Tveteraas

JE
Boardmember

Jan Erik Tveteraas