BITFOREST, our focus for today, is a future unicorn enterprise that combines blockchain technology with green agriculture. In the rapidly growing field of blockchain, the influx of capital has led to varying levels of technology and project quality. However, BITFOREST stands out by offering an innovative ecosystem that seamlessly integrates green agriculture and blockchain technology, providing investors with a comprehensive, secure, and mutually beneficial economy.
As its name suggests, BITFOREST leverages the computing power of Bitcoin mining to support green agriculture. The energy generated through Bitcoin mining is channeled into sustainable crop cultivation. The agriculture project, spanning 70 acres, is located in Dauphin, Manitoba, and will be developed in stages. The initial phase focuses on 10 acres dedicated to tomato production. This phase is scheduled for completion by June 2023, with the first cultivation batch commencing in August 2023. The remaining 60 acres will be developed over the course of five years after the first phase is finished. In terms of the mining project, the first phase with a 20MW capacity is expected to be operational by July 2023, while construction on the second phase will commence in August 2023.
BITFOREST possesses extensive experience in industry integration, having established a value chain with multiple industry nodes. These nodes encompass energy, agriculture, virtual power (computing power), immigration, exchanges, funds, and more, thereby creating a truly innovative commercial ecosystem.
In the field of agriculture, BITFOREST is committed to a sustainable and environmentally friendly business philosophy. It aims to empower new eco-agriculture practices through the use of technology while reducing energy consumption. Notably, BITFOREST has successfully combined agriculture with the blockchain industry, fostering collaborative innovation.
As part of its strategic partnerships, BITFOREST has joined forces with Red Sun Farms, a trusted leader in the North American fresh produce market for over 30 years. Red Sun Farms has signed a long-term distribution agreement with BITFOREST, ensuring a stable outlet for the agricultural products cultivated within BITFOREST's greenhouses.
In the energy sector, BITFOREST implements a heat recovery system within its new energy projects. This system efficiently captures and redirects the heat energy generated during the process, integrating it into the agricultural production chain. By doing so, BITFOREST significantly reduces the cost of agricultural production while promoting sustainable energy practices.
In the realm of computing power, BITFOREST has developed an advanced supply platform and trading platform. These platforms attract computational power for trading and distribution, creating a vibrant marketplace for virtual power resources within the BITFOREST ecosystem.
In the field of immigration and investment, BITFOREST's investment projects have proven to be catalysts for job creation, effectively addressing local employment challenges. These projects not only generate employment opportunities but also attract high-quality immigrants to the local area. Through entrepreneur and professional immigration programs, BITFOREST actively encourages skilled professionals and entrepreneurs to relocate to North America, bringing their expertise and capital to boost the local economy.
In terms of funds, BITFOREST upholds the principle of innovative ecology and a mutually beneficial future. As a result, the enterprise has garnered policy and financial support from various provinces in Canada. Moving forward, BITFOREST aims to broaden participation in its business projects by providing interfaces that enable more individuals to invest through funds. This inclusive approach ensures that a larger pool of people can contribute to and benefit from the BITFOREST ecosystem.
Valuation Prospects
The BITFOREST Greenhouse Farm project has significant potential for valuation due to its ability to address environmental regulations and effectively utilize excess heat from cryptocurrency mines. By combining cryptocurrency mining and agricultural technology, it creates a unique and innovative ecosystem. While there are no directly comparable stocks in the U.S. market for analysis, we can examine the valuations of agricultural technology companies and cryptocurrency mining companies to assess the expected valuation of the BITFOREST Greenhouse Farm project.
Considering that agricultural technology companies are asset-intensive and cryptocurrency mining companies have higher valuation prospects, combining the cryptocurrency mine and greenhouse agriculture project into one phase with dual attributes could result in a pre-listing valuation expectation of at least a Price-to-Sales ratio of 20.
Based on the expected capacity of the project's first phase, which is 44,000 square meters, and the estimated income from tomato products (240 to 360 Canadian dollars per square meter per year), the annual sales could range from 10,560,000 to 15,840,000 Canadian dollars. If we apply a Price-to-Sales ratio of 20, the listing valuation of the project's first phase could reach 200 million to 300 million Canadian dollars. Additionally, considering an investment of approximately 500 Canadian dollars per square meter for the first phase, the initial equity investment return could be as high as 10 to 15 times, without factoring in the business income from agricultural products and cryptocurrencies. This indicates a considerable potential for relative return.
BITFOREST has laid out a three-year plan. By 2023, it aims to complete a total investment of $400 million and achieve a commercial ecological value of $5 billion. In 2024, the agriculture sector is expected to be listed with a market value of $4 billion, contributing to a total commercial value exceeding $20 billion. By 2025, BITFOREST plans to fully list its cloud data and energy sectors, with the computing power trading platform valued at over $6 billion and the fund management scale exceeding $2 billion. The projected commercial ecological value by 2025 is over $50 billion.
Please note that the information provided is for reference purposes only and does not constitute financial advice. Investment decisions should be made with thorough analysis and consideration of individual circumstances.
Not only can the BITFOREST Greenhouse Farm project break through the pressures of environmental regulations, but can it also effectively utilize a large part of the excess heat from cryptocurrency mines, combining it with greenhouse agriculture to form a good Eco-system. Furthermore, it is a technological innovation that is currently unique in the capital market. However, there are no directly comparable stocks in the U.S. market for analysis. By analyzing the expected valuation of the BITFOREST Greenhouse Farm project through an examination of the valuations of agricultural technology companies and cryptocurrency mining companies.
Considering the asset-intensive nature of agricultural technology companies and the higher valuation prospects of cryptocurrency mining companies, if the cryptocurrency mine and greenhouse agriculture project are combined into one phase with the dual attributes of cryptocurrency mining and agricultural technology, the future pre-listing valuation expectation of the BITFOREST greenhouse agriculture project could reach at least a Price-to-Sales ratio of 20.
According to the expected capacity of the project's first phase, which is 44,000 square meters, and the income that tomato products can bring about 240 to 360 Canadian dollars per square meter per year, the annual sales should be 10,560,000 to 15,840,000 Canadian dollars. If calculated at a Price-to-Sales ratio of 20, the listing valuation of the project's first phase could reach 200 million to 300 million Canadian dollars. Furthermore, considering the investment per square meter is approximately 500 Canadian dollars for the project's first phase, the initial equity investment return could reach 10 to 15 times without considering the business income from agricultural products and cryptocurrencies. Hence, the relative return space is quite considerable.
The three-year plan for BITFOREST is as follows: In 2023, it will complete a total investment of $400 million and achieve a commercial ecological value of $5 billion. In 2024, the agriculture sector will be listed with a market value of $4 billion, and the total commercial value is exceed $20 billion. By 2025, BITFOREST's cloud data and energy sectors will be fully listed, the valuation of the computing power trading platform is exceed $6 billion, and the fund management scale is exceed $2 billion; the commercial ecological value is exceed $50 billion.
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