EnergyFunders filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday, May 4, requesting permission to sell shares of its mining farms through the Bitcoin Discovery fund. The company is willing to put its stake in the company, which owns autonomous natural gas production facilities, up to $10 million for a price of $5,000 per share.
EnergyFunders’ offer would give investors with a $5,000 minimum entry to receive monthly payouts from Bitcoin Mining investments in Texas. The platform estimates that if bitcoin returns to the $45,000 price range, investors will “see a return of more than 100 percent.” The Bitcoins mined will be distributed to investors each month in either U.S. dollars or BTC.
EnergyFunders CEO Laura Pommer said the first 1MW Mining farm was launched in Bee County, Texas, on May 4.
“We went that route and quickly discovered that bitcoin Mining is actually pretty sophisticated,” Pommer noted. – And that’s, you know, a good thing. Oil and gas producers never shy away from the challenges to earn their bread and butter”.
EnergyFunders was launched in 2015 as a crowdfunding platform to find accredited investors and independent oil and gas producers. In 2018, the company received approval from the Financial Institutions Regulatory Agency (FINRA) and was able to offer non-accredited investors to participate in oil and gas financing.
In April, the city of Fort Worth, Texas, said it would launch a pilot Bitcoin Mining farm using three Bitmain Antminer S9 ASIC miners. The devices were donated to the mayor’s office by the Texas Blockchain Council.