Welcome to passive income!
Fintech Private Investor Opportunity
Welcome to passive income!
Fintech? Blockchain? Crypto mining?
Blockchain "mining" is a metaphor for the computational work that network nodes undertake to validate the information contained in blocks. Crypto miners are essentially getting paid for their work as financial auditors. They are conducting the first verification for Bitcoin or like coin transactions, opening a new block, and being rewarded in payment daily. Networks are secure because miner computer nodes number in the millions around the world making it virtually impossible to hack since each are verified by others. No one bad actor can take over that many computers.
NYMC has secured $0.0477 per kilowatt hour (KWH) electricity, a warehouse mining farm near Ithaca NY and the most efficient Asic mining computers to make mining less difficult and more profitable than the competion
Crypto Mining Disadvantages NYMC Has Overcome
Expensive energy usage
Greater barrier to entry
Reduced hosting rates by 38%
Escaped unreliable Texas ERCOT electricity
Regardless of the price of cypto, NYMC operating costs are so much lower than publicly traded companies and many other private miners we can withstand any market pullbacks while others are unplugging their computers
NYMC has a major competitive edge @ $0.0477 per kwh
NYMC will expand while others are unplugging
Retail hosting-as-a-service will decline as lower mining margins squeeze out both hosts and clients. In 2023, the average all-in hosting rate was $0.078/kWh in the US and $0.072/kWh in Canada; in Q4-2023, the average all-in rate was $0.078/kWh and $0.071/kWh, respectively.
SEC Private Placement Rule
https://www.sec.gov/oiea/investor-alerts-and-bulletins/private-placements-under-regulation
Rule 506
Issuers may raise an unlimited amount of money in offerings relying on one of two possible Rule 506 exemptions—Rules 506(b) and 506(c). An issuer relying on Rule 506(b) may sell to an unlimited number of accredited investors, but to no more than 35 non-accredited investors.
Accredited investor. One reason these offerings are limited to accredited investors is to ensure that all participating investors are financially sophisticated and able to fend for themselves or sustain the risk of loss, thus rendering less necessary the protections that come from a registered offering. An individual is an accredited investor if they:
- earned income that exceeded $200,000 (or $300,000 together with a spouse or spousal equivalent) in each of the prior two years, and reasonably expects the same for the current year, OR
- has a net worth over $1 million, either alone or together with a spouse or spousal equivalent (excluding the value of the person’s primary residence and any loans secured by the residence (up to the value of the residence)), OR
- are a broker or other financial professional holding certain certifications, designations or credentials in good standing, including a Series 7, 65 or 82 license.
A spousal equivalent means a cohabitant occupying a relationship generally equivalent to that of a spouse.
Any non-accredited investors in the offering must be financially sophisticated or, in other words, have sufficient knowledge and experience in financial and business matters to evaluate the investment. This financial sophistication requirement may be satisfied by having a purchaser representative for the investor who satisfies the criteria. An investor engaging a purchaser representative should pay particular attention to any conflicts of interest the representative may have, such as having a financial interest in the offering or separately being compensated by the issuer.
If the issuer offers securities to non-accredited investors, the issuer must disclose certain information about itself, including its financial statements. If selling only to accredited investors, the issuer has discretion as to what to disclose to investors. Any information provided to accredited investors also must be provided to non-accredited investors.
Issuers relying on the Rule 506(b) exemption may not generally solicit their offerings. However, the Rule 506(c) exemption permits the issuer to generally solicit or advertise for potential investors. As a result, you may see an investment opportunity advertised through the Internet, social media, seminars, print, or radio or television broadcast. Only accredited investors, however, are allowed to purchase in generally solicited offerings under Rule 506(c), and the issuer will have to take reasonable steps to verify your accredited investor status.
Contact Us
John Bartolini Sr.
Founder
Chief Executive Officer (CEO)
153 East Main St
Jefferson Valley, NY 10535
Westchester Couny, NY
Email bartolini@optonline.net
Cornell University, Ithaca NY
Pace Law School, White Plains NY
John Bartolini Jr.
Chief Operations Officer (COO)
Email jjbart2005@gmail.com
Army ROTC Cadet Cybersecurity Major
University Of Tampa, Florida
Gino Valverde
Investor Relations
Houston, Texas
917.208.7200
Cornell University, Ithaca NY
Please email/call Gino Valverde for further info
