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BROX EQUITY TO LAUNCH $20 MILLION DIGITAL SECURITY TOKEN OFFERING

 

Brox Equity, a private energy company in Canada is integrating traditional energy and emerging cryptocurrency as a way to contribute to Canada’s energy industry and its economy at large. The company annouces its intention to raise up to $20 million through an innovative exempt digital security offering which will provide investors with diversified exposure to bitcoin, natural gas and electricity.

The offering which is a part of the Brox Equity strategy of purchasing natural gas assets to generate environmental efficient low-cost electricity for its proprietary bitcoin mining farms, is expected to start in Mid-May.

According to Brox Equity, its uses 50% of the power capacity generated at its sites to mine bitcoin on its own account and offers the remaining 50% to independent or third-party bitcoin mining companies.

 Brox Equity has a strategic relationship with PremainChain Technologies, the developer of a proprietary bitcoin platform that brings together energy companies with crypto-asset miners to transform the way energy is funded, produced, bought and sold. In partnership with PremainChain, Brox Equity will be provided with digital tools for tracking, monitoring, managing and streamlining the distribution of bitcoin as dividend income.

The founder and CEO of PremainChain Technologies, Mohammed El-Masri, “The oil and gas sector is entering a new era, as crypto-asset have become a viable alternative investment market that welcomes investors of all sizes. Bitcoin miners are growing in number and creating a global economy that is transforming the investment landscape, making the global digital economy a reality. We are providing the digital-assets mining infrastructure that will make this transformation sustainable and efficient”.

Also, Brox Chief Operating Officer, Philip Collins said

¬†“In the past, oil and gas companies have been forced to work around or even waste stranded natural gas deposits because they will be too expensive to transport to traditional consumers. Today, though, bitcoin mining companies are desperate for affordable, responsibly-produced energy. Bringing together the supply of stranded natural gas and the demand for responsibly produced low-cost power simply makes sense to us. Doing it in a transparent, compliant way will make the Brox Token an attractive proposition for investors of all kinds”.

The Brox offering will be distributed as an exempt offering by Windermere Capital in certain Canadian jurisdictions and by Ento Capital in the Dubai International Financial Centre (DIFC).

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin61,416 0.31 % 1.05 % 0.41 %
Ethereum4,143.6 0.49 % 1.63 % 7.50 %
Binance Coin485.80 0.35 % 0.25 % 3.84 %
Tether1.000 0.22 % 0.76 % 0.18 %
Cardano2.160 0.44 % 0.95 % 1.13 %
Solana196.70 0.83 % 4.61 % 24.28 %
XRP1.090 0.15 % 0.61 % 3.96 %
Polkadot43.81 0.72 % 2.76 % 4.38 %
Dogecoin0.2507 0.20 % 0.66 % 5.07 %
USD Coin1.000 0.18 % 0.38 % 0.24 %

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