Invest in RenewaBlox

Hi Rufus, always nice to hear from you! We have a lot going on the UK right now and a number of partnerships and agents already in place, PLUS several projects at early development stage. Frustratingly, there's still very little we can reveal publicly due to legal, NDA and sensitivity issues, so it looks like there will be a whole load of news coming all at the same time rather than a more traditional drip feed of updates. And yes, when the time comes we will be looking at hires in the UK. Most likely these will be remote and on-site ASIC support roles to start with, but logistic and operational following later. Going to be opportunities for sure if all goes to plan. BTW, have you joined our TG group? It's still relatively new and quiet, but means you can get faster answers to things like this whenever you like - join here: t.me/+kimMUE-wFSQ0MDhk

Hi Rufus! (Sorry for late response, have been at events since Thursday!) Great question! The answer is in two parts: First, the land is actually held by our JV company (an SPV that has 50/50 ownership between Renewablox & Venture Energy Partners) which has been formed specifically for this project, not Renewablox directly. Second, the option agreement had not been signed off by the time the accounts were prepared to it would have been improper and misleading to include a value at that time. However, in the next set of accounts, there will be a book value of some nature ascribed to that acquisition. This has yet to be finalized but will be decided in line with best practice thinking from accountants and partners. There have been a lot of developments in the last few weeks and we'll be emailing all investors with the updates in the next day or two. Shortly after that we'll be making some changes to the layout of the Wefunder page - watch this space!

Hi Adan, just to be clear, I think you're asking if that perk level means that you would accrue one Bitcoin? The short answer is "no", but the longer (and more accurate) answer is that at the point we are accruing Bitcoin through our own mining operations, or hashrate shares from third party operations, we will be keeping some in the company treasury as well using some for shareholder dividends. This means at some point it's possible you will accrue some Bitcoin (cash be offered instead if preferred) via this investment, but it's not possible to say exactly how much that would be. Let me know if you need further information on this. Best The Renewablox Team

Hi Aaron! Thanks for your question and your interest in our company. No, the $700k is not (directly) for land or equipment and you can find a detailed breakdown of the requirement here: wefunder.com/renewablox/details Essentially, this funding round is largely for the development fees for CS1 and CS2 (or POG1) of Project One and the usual legal fees, insurances, travel budgets, administrative expenses and salaries. The entire company should be self financing beyond CS1, which means the overall requirement in this case is quite small for the size of the operation. It is currently anticipated that a Series A will be set in motion for the SAFE conversion of this round which will finance the equipment for the POG1 phase. The phases and details are covered in the attached project plan at the bottom of the main page and this will give you more insight into timescales and requirements. It's worth mentioning that Project One is just the first of several operations that Renewablox expects to set in motion over the next two years and investment in this seed round will, of course, include all future projects that the company develops. I hope I have answered your question satisfactorily, but please don't hesitate to get back in touch if you need more information. Kind regards, The Team at Renewablox