WAHA Technologies - Efficient Cryptocurrecny Mining
WAHA Technologies (the "Company") is investing $50M in the purchase of Bitcoin Mining equipment ($1.8M tranches, 1MW equipment buildouts) and looking for families to invest along the ALDER Multi-family office. ALDER's founder and CEO, Patrick Gahan, has accepted the role of CFO of WAHA Technologies. The Company's primary objective is to generate income through its Bitcoin mining and potentially other cryptocurrency mining endeavors. The Company capitalizes on strategic partnerships with municipalities and electricity authorities to obtain and utilize excess electricity at below market costs. The Company is able to produce efficient computing power in furtherance of completing blocks of verified transactions added to the global blockchain as part of a pool of companies working collectively. Each participant in such endeavors is compensated daily in the form of Bitcoin, based on the prorated share of computing power each such participant provides to said pool.
Business Strategy
Generally. The Board of Directors intends to primarily allocate the Company’s capital to the purchase of Bitcoin mining equipment and related infrastructure. The Company’s affiliate, WAHA, INC, has acquired, and intends to further acquire, real property upon which the Company’s partner municipalities and electricity authorities are able to build power substations at little or no cost to the Company, thereby increasing the Company’s access to electricity to power its Bitcoin mining endeavors, at below market costs. Concurrently, the Company will seek to gain redundancy of and continue to expand its relationships with key electricity producing partners and further grow its power footprint by particularly focusing on expansion opportunities that exist across underutilized rural power substations throughout the state of Georgia.
Two Educational Videos
1. MIT Professor explaining Bitcoin - https://www.youtube.com/watch?v=QBFNaCNlBdk
2. Michael Saylor (CEO - MicroStrategy) interviewing Ross Stevens of Stone Ridge Asset Management (NYDIG fund) https://www.youtube.com/watch?v=wA_fI-wUqn
ALDER was founded by the Gahan, Kolb, and Chatterjee families with previous exits in Software Engineering/Cyber Security, Intellectual Property, and Telecom spaces, respectively. ALDER Capital Partners has active investments in various asset classes, including:
- Single Family Residential (SFR) and Multifamily Residential (MFR) Rentals (almost fully liquidated)
- Small and Medium-Sized Operating Businesses
- REI Transactional Lending
- Seed & Venture
- High Yield Collateralized Debt Investments
- High Yield Lending on Athlete Employment Contracts
- Distressed Asset Aquisitions & Dispositions
- Nationwide Wholesale Federally Legalized CBD distribution (specialization in minor cannabinoids CBC, CBN, CBG, Delta 8, and T-free)