The Bladetec IT company intends to construct the largest bitcoin farm in Great Britain

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The Bladetec IT company intends to construct the largest bitcoin farm in Great Britain

The supplier of IT accessories Bladetec announced about its plans to launch the biggest center for mining bitcoins in Great Britain. For this purpose the Third Bladetec Bitcoin Mining Company Ltd project (TBBMC) intends to attract £10 million (about $13,9 million) from investors.

It is noted on the Envestry page — the investment platform of the project, that the new center will be located in the southwest of the United Kingdom. Organizers plan to support work of the bitcoin farm for 2–3 years then will sell all the mined coins and the equipment for mining to provide a return of investments.

In return, the founder of Bladetec John Kingdon assures that potential investors “don’t risk to lose money”. If we trust his calculations, only the sale of the mining equipment will provide profit. However, Kingdon hasn’t specified whether he considered such factors as falling of the price of accessories and continuous increase in expenses on maintenance and service of the mining farm over time.

At TBBMC, they expect that profitability of investments will correspond to one of four scenarios — depending on the bitcoin price in the next two years.

Bladetec company founded in 2002, in the past it provided IT support, supply and consulting services to such organizations as the Ministry of Defence of Great Britain and NATO.

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