Why Bitvest

Bitvest Digital Mining Corp. is presently mining Bitcoins with a combination of Bitfury, Cointerra, Spondoolies Tech and KnCMiner, Bitcoin Mining Hardware. We have had an aggressive strategy of hardware re-investment and have recently issued new shares to fund the purchase of additional mining hardware. Our goal is to amass as much as15 Petahash of hardware by year end, 2015 and 25 additional Petahash of hardware by year end 2016. We expect to reinvest up to 90% of our Bitcoin Mining net profits back into hardware.

Bitvest has created a detailed Business Plan and Financial Forecast for the purpose of demonstrating the potential earnings and Investor’s Return on Investment (ROI) (see Exhibit 1). The revenue forecast makes certain assumptions based upon our firsthand experience and knowledge of the Bitcoin mining industry. The assumptions used (spreadsheet below) may prove to be quite conservative based upon the extensive development of the “Blockchain/Bitcoin” infrastructure that has taken place over the course the last two years. 2013 with $93 million and 2014, with over $314 million dollars invested by some of the largest Venture Capital and High Tech Companies in the world.

And it’s only just beginning to heat up with the last quarter of 2014 being the largest on record for Bitcoin related investments totaling over $130,000,000 for the quarter!

Update: (January 20th 2014), Bitcoin Is Starting Off The New Year Right, with the most recent blockbuster news of Coinbase’s Record Setting VC Round, amounting to a total investment of $75 Million dollars taking place just last week, bringing the 2015 total to over 100 million dollars invested already!

“Coinbase announced yesterday that it has raised $75m in VC funding – the biggest investment in a bitcoin company so far.

The funding came as part of a Series C round that attracted a range of financial heavyweights such as the New York Stock Exchange, Fortune 500 financial services group USAA, and Spanish banking group BBVA, as well as Japanese telecoms giant DoCoMo. While the bitcoin services company has spent the last year building out new services and expanding to Europe, venture capitalists have remained active in the ecosystem. Funding for bitcoin startups soared in 2014, showing a three-fold increase to $314.7m, up from $93.8m the year before.

Published 01-22-2014 Courtesy Coindesk.com

Big Wall Street Players Investing in Bitcoin Startup
By David Zeiler, January 22, 2015

“Not only has venture capital investing in Bitcoin failed to slow even as the price of the digital currency has slumped, but now some big Wall Street names have hopped on the bandwagon.

On Tuesday Bitcoin payments and wallet platform Coinbase announced it had raised $75 million in Series C funding. That’s more than double the previous amount of venture capital invested in a Bitcoin company. San Francisco-based Coinbase has now raised a total of $106 million. Wall Street investing in Bitcoin represents a new phase in the life of the digital currency. It marks the beginning of a fresh wave of money from a cadre of more traditional investors. This will further feed the growth of the Bitcoin ecosystem and speed its mainstream adoption. But this time it wasn’t just the usual Bitcoin-friendly VC firms backing Coinbase.

“With this investment, we are tapping into a new asset class by teaming up with a leading platform that is bringing transparency, security, and confidence to an important growth market,” NYSE president Tom Farley said in a statement. Two other traditional names investing in Coinbase were financial services company USAA and Spanish banking giant Banco Bilbao Viscaya Argentaria SA (NYSE: BBVA). Japanese telecom firm NTT Docomo, Inc. (NYSE: DCM) also joined the round. And two high-profile individuals put money into Coinbase: Former Citigroup Inc. (NYSE: C) CEO Vikram Pandit and former Thomson Reuters Corp. (NYSE: TRI) CEO Tom Glocer.”

Courtesy Money Morning 01/22/2014