Plouton Mining is building North America's largest solar Bitcoin operation

0:22first of all could you start off by speaking about why Bitcoin mining is a great opportunity and that's why you've seized it and what is the competitive advantage that you have in the industry as you grow so let me start with the last part of your question what we what were planning to do what we have structured to do is to be able to have a penny one cent per kilowatt hour costs

0:49for electricity guaranteed over the next 25 years that's our claim to fame I have been involved in – in mining since 2017 I have not had very good experience even though some have been very profitable I was one of the people involved in a gigawatt that went belly-up I took ownership of the miners as soon as they arrived so I mean I made I made okay out

1:19of that deal but generally speaking mining hasn't been very very structured very consolidated in the sense everybody is there rushing it to make money for the next couple of years and who cares what's going to happen after that my goal was to answer a more long-term structured deal that offers a pathway in the US you know with infrastructure and extremely low cost electricity mm-hm

1:48that's great and from what I understand having that you know cents per kilowatt makes a huge difference if you can negotiate or get a deal or have some kind of competitive advantage and with you guys working with renewable energies if you could elaborate on that a little bit more is it a disadvantage over people with traditional electricity or is an advantage long-term is definitely

2:13an advantage turn because of the capex maybe a disadvantage but the prices have come down and it's the only way you can control your mining operations estimate is you take ownership of the peak hours of electricity at least produce that because that's their they're essentially the problem with the utilities that's where it's the capex issue for them as well that's why you

2:38see every two to three years they don't renew a contract they renege on the existing one and so forth so if you can produce the peak hours of electricity in our case for free guaranteed for the next twenty five years which is a warranty period on this solar form then the rest is very easy in California we can get two cents off-peak hours on large-scale wallet volume for five years

3:06at a time so that gives us various you can get an average electricity cost roughly a penny and maybe one point one notes and so forth also you have to realize the location of where we plan to build where the land is current county that's about 90 miles north of Los Angeles it is now officially the capital of solar forms in definitely

3:35California except in the u.s. there is already one gigawatt of solar form existing operational there's a company called eight minutes they just signed the contract with LADWP for three point nine cents per kilowatt 24/7 from solar form and battery backup so they're picking up about 800 acres in Kern County and litters being next door to us so that area and why solar farm there

4:03because we get the highest solar array we get cool weather temperatures so it which is good for the solar panels and we get almost literally speaking with the exception of million dozen or so days out of the year the rest is funny as anywhere in California you can find yeah I was going to ask you about that the location it sounds like it's very strategically

4:30placed I know previous Bitcoin mining companies have put their facilities in Iceland or in Montreal where it's super cold but people don't normally expect it to be super cold in California however with the solar power advantage I guess that's the reasoning behind it when you say actually yeah I mean the area we're in it's a little short Mountain mountainous

4:52area this is Larry speaking 300 miles east of the Mojave Desert that people know it's actually cool we went to visit the land a couple of weeks ago with our investment bankers it was 50 degrees about 38 wind chill factor so with the exception of summertime for about five six hours that gets to 90 degrees the rest of the time are really ideal for mining the temperatures are in the 70s

5:20high 60s even in summertime in the evening so it's I mean the location is really ideal for this purpose yeah and to elaborate on that a little bit more you know with the proof of work and the Asics there's a lot of heat generated right and it's either you can make use of that heat or you can use a colder area to you know keep naturally cooling so you'll have to pay as much

5:46electricity to also cool the building while you're using the electricity for the miners so sounds like you guys have something special going on I'm curious are there other solar powered mining facilities in North America or in California are you guys the first people to do this I think we're the first one the largest one I know there was a company that made an announcement in

6:092018 with William Shatner as their spokesperson but I don't think they ever broke ground to me was pretty ironic the location was in Chicago Illinois that's probably one of the worst places you could build a similar form for this purpose so but I don't know of any other company that does Solar mining solar powered mining in even a one or two megawatt scale that's interesting and

6:41now comparing North America to Asia being in the cryptocurrency industry for a while I've understood that a lot of the Bitcoin mining pools and there's a few large groups that control a lot of the mining power for Bitcoin most of them are in China and Asia from what I'm aware and I don't know if they're using renewable energies but what is the competitive advantage to beat them out

7:04is it having more miners or just having cheaper electricity or is it a combination of both and will you be able to compete with that Chinese market let's say with a penny per kilowatt hour we can compete with the best of them I don't think people even get that in China I know mongolia had one cent per kilowatt till a couple of years ago which got shut down

7:30renewable especially not renewable majority of them they quebec hydro the power they have they're all renewable but they're not giving what they promised to people either i mean one of the perfect example was block stream they were promised 300 megawatt there when they got the least they went in there to sign the paperwork they only

7:59got 20 megawatt and it comes back to the same thing that in order to control your mining operation which now will mix how in coming up and the consolidation in the big operation that's the only way you can serve why that's the only way you can do something meaningful in the mining over the next 10 to 20 years again we're not looking for the next

8:28couple of years it took us a couple of years to position the project to come where we're at with livery speaking made the pivot to make this Absalom securities offering with all the filings and having an investment banker on record of in remember broker dealer so it took us a couple of years and a little over a million dollars to get the project to where it's at now

8:55it is harder it's definitely not easy it takes a lot of patience but I think is the only way you can you can position a project for mining in country with the with the large Chinese operators which I think they're getting more and more ideas reduced they're getting smaller and smaller in a sense and I think offering infrastructure ownership land data center solar form in the u.s. in

9:25California that has much much better advantage and positioning over anywhere else in the world because at the end of the day us provides the most stable infrastructure economy and real estate in California just can't go wrong with that's great and from what I understand you guys are offering more of

9:53a traditional investment where people can have ownership in all of these the infrastructure and the company and not just a lot of traditional you know old Bitcoin methods where oh you do a cloud mining or you would get some of the Bitcoin mining that miner was doing you guys aren't doing that right no we are we're offering ownership equity ownership into the infrastructure from

10:18land to infrastructure today to the to the data center to the ownership of the miners to everything they're going to own a piece of it we have done this filing for any limited offerings with SEC unlike I said we do have that Broker Dealer on file so we're pretty comfortable at this stage with what we're doing I don't think long term on us read all

10:44those ICS and we've seen what happened I can probably do is like five six of them I mean gigawatt there was a German company that matter what 10 10 20 million at some point they were worth 100 million dollars that they didn't last ten months you just can't you can't be dependent on the utilities for long-term electricity cheap long-term election that's just not gonna

11:13work out yeah and are you planning on integrating the blockchain with your securities of your company at any point whether it's you know putting them on the blockchain or doing some kind of security token correct so initially we're offering just traditional you know certificate of stock to the investors it is a company out of Delaware that's going to be insuring the stocks and

11:40their ownership of the infrastructure Delaware passed a law last April allowing us to convert those to digital essentially token and put it on the blockchain so long it's on the blockchain or this is the funniest thing or if we can provide a list of the token holders in a spreadsheet and we can do digit ID and yes we do plan to do that once we country the array that's great

12:08and you guys have a lot ahead after that raises well can you give me a glimpse of what the road map looks like in terms of building out in operations after the raise is complete so everything we do is on a 90 day lead time from from building the project the initial phase for 15 to 20 megawatt solar sign it's not actually something crazy like I said the next

12:35project in that area is 300 megawatt solar farm the one before that was 700 megawatt so 15 to 20 megawatt is small enough for a manufacturer to carve a piece up and give us within 90 days installed at about 60 cents per per kilowatt installed so we're looking at $600,000 per megawatt that gives us 25 years of electricity during peak hours

13:02and everything else from the warehouse to infrastructure the land is flat in an unincorporated area in Furman Town tea with litter seeking handful of farmers within 30 days conditional and 90 days food loan so we expect to be up and running within six to eight months from the raise completion that's great and I'm really curious about that 25 years

13:28what will the Bitcoin price be you know 25 years from now heaven knows so thank you so much for your time remark we're running out of time but if there are more investors or miners or just viewers that are learning that would like to learn more what's the best way for them to follow along and to reach out you can actually go onto our website to tone whining calm you can

13:50complete the phone to reach us out you can also reach me I'm very easy to get older it's RoMac r8m a k101 on any social media handle we'll be more than happy to discuss further and yes we are looking for investors great thank you so much for your time I'll leave those links in the description box below and let's follow up in the near future thank you so much thank you for having me