NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Largest Bitcoin Mining Farm in UK Seeking Investors

Ricardo Esteves
Ricardo Esteves
7 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bladetec, a UK tech company with past experience in IT support for NATO and the UK Ministry of Defense, is building the first Bitcoin mine in Europe funded by investors in a limited company protected by UK law.

Bladetec Raising £10 million To Build Largest Bitcoin Farm In The UK

Located in the Southeast of the United Kingdom, the facility – Third Bladetec Bitcoin Mining Company (TBBMC) – will cover 3,500 square feet divided in three locations in London, Surrey, and Suffolk.

In order to build and operate the farm for up to two years, the company is raising £10 million from investors. With the money, Bladetec “will acquire approximately 1000 ASIC (Application Specific Integrated Circuits)-based Mining Computers all running at 43 Terra-Hashes per second (a speed so unfathomably fast, it’s nigh on impossible to quantify; suffice to say, it’s the fastest available globally today)”, says the campaign published on Envestry.

This will create a significant global mine, placing them in the world’s top 25 and as a result of this dominant position, produce significant returns for shareholders.

The TBBMC project offers wants a minimum investment of £5,000 from each investor. Due to its Bitcoin’s volatile nature, the project allows for four different growth scenarios with up to 45% capital growth per year and an exit within 2 to 3 years. At that stage, shareholders’ returns “will be based on the proceeds of the sale of the mined Bitcoins and the ASIC machines”.

The four different scenarios range from a 40% drop in BTC price to an eventual +50% rally. The return on investment after 24 months is projected to go as high as £210,157 with an initial investment of £100,000, according to the company’s projections. If the price of Bitcoin does drop by 40%, an investor would lose approximately 22% of capital.

According to The Telegraph, the company is planning to mine 1,280 bitcoins in the two-year period. It is hard to predict how much those Bitcoins will be worth in two years. At current prices, they would be valued at £7.8 million, but much can change and probably will before 2021. Most of the funds raised are destined to be spent on energy costs, even as Bladetec reaches an agreement with a wind farm to keep the energy bills low, as intended.

Bitcoin farming is more attractive for business in countries with colder weather, such as China and Iceland. The Icelandic authorities, however, may implement a tax on Bitcoin mining due to the energy consumption. And the Chinese government insists on ending all cryptocurrency trading and mining in the country.

Tweet123Share196ShareSend
Ricardo Esteves
Ricardo Esteves

Ricardo Esteves

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Het beste crypto moment is nu - iedereen verliest de hoop, volgt de bull run?

Het beste crypto moment is nu – iedereen verliest de hoop, volgt de bull run?

De cryptomarkt ging de afgelopen week fors onderuit. De crypto market cap daalde met ruim 12% en zag een kapitaaluitstroom...

Lars Diederiksen 6 hours ago
XRP

A New XRP Era? Crypto Educator Sees Path To $1,000

According to reports, Ripple is moving into corporate treasury services with an acquisition valued at $1 billion. The purchase, tied...

Christian Encila 7 hours ago
Bitcoin

Bitcoin LTH Inflow On Binance Surges Tenfold Within Days — What This Could Mean

After briefly taking on a structure suggesting an imminent recuperation from the October 10 market downturn, the Bitcoin price appears...

Opeyemi Sule 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

More Pain Ahead? Bitcoin Trendline Breach Sparks Talk Of Corrective Wave In Play

Godspower Owie 8 minutes ago
Bitcoin

Bitcoin May See Selloff If $100,000 Support Fails — Here’s Why

Semilore Faleti 3 hours ago
Bitcoin

Influencer Warns Bitcoin ‘Accident’ Ahead, Says Even The Ambulance Can Crash

Christian Encila 4 hours ago

Premium Sponsors

Press Releases

  • Najlepsze presale kryptowalut: dlaczego prognozuje się...

    4 hours ago
  • 新しい仮想通貨が登場:ビットコインをより速く、低コストでDeFi対応へ導く革新プロジェクト

    ...

    10 hours ago
  • Най-добрите крипто пресейлове защо се прогнозира Maxi Doge да нарасне 100x до 2026 г.

    Най-добрите крипто пресейлове...

    1 day ago
  • ドージコイン 今後 の価格見通し:ETF期待とクジラ買い集めが示すブレイクアウトの兆し

    ドージコイン 今後...

    1 day ago
  • リップル 今後の価格予測:5倍ETF申請で上昇に拍車か — 100ドル到達は目前?

    リップル...

    1 day ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.