465M is a cryptocurrency mining business, the latest iteration of a mining partnership founded by Duncan MacInnes, who originally started mining in 2012.

The 465M team began mining Bitcoin as a hobby, originally on Graphics Processing Unit (GPU’s) before moving on to application-specific integrated circuit (ASIC’s), as the competition increased and complexity required it. In 2015 they expanded, building a dedicated mine in Europe, chosen for its fit for purpose design with a previous life as a datacentre and the access to cheap renewable power. In mid-2016 they began mining alternative coins, using proprietary software that was developed in house. 465M are currently running just under 1,000 mining units, with a further 300 recently arriving on shore that will be up and running in a matter of weeks.
465M was spun out of 465 to enable external capital to be acquired. 465 is a Private Equity company that has been operating since 2011. It currently holds positions in over 67, predominantly technology focused companies, ranging from early stage start-ups to mature businesses. The partners behind 465 live and breathe technology and have a very strong track record in a number of highly successful investments, including Facebook and Deliveroo. They have an office in Hong Kong as well as London, directly employing 48 people but having more than 1,800 employed through the entire group of holdings.

Green Energy

All of the mines that 465M are currently operating from and planning for future sites are powered by ‘Green’ energy.

Serbia
The power comes from a hydroelectricity plant that has been operational for nearly 50 years. This makes the electricity very cheap and very reliable.
Norway
Electricity will be generated by hydropower; there is capacity of over 20MW onsite currently.
UK
One of our sites is powered by energy generated from methane that is produced from a landfill site.  This energy is very clean and ties in with 465M’s use of green energy.
465M’s parent company, 465, is involved in a waste to energy project in the North of England that produces over 5MW of power that will be used exclusively for 465M’s mining needs.

Green Energy

All of the mines that 465M are currently operating from and planning for future sites are powered by ‘Green’ energy.

Serbia
The power comes from a hydroelectricity plant that has been operational for nearly 50 years. This makes the electricity very cheap and very reliable.
Norway
Electricity will be generated by hydropower; the first sample container is being sent there in July. Potential restrictions around noise limits in Norway may deem it unviable.
UK
Currently operates on a decomposing garbage dump which produces various gases, including methane which can be treated and used to generate energy.
465M’s parent company, 465, is involved in a separate project which involves processing wasted tyres, breaking them down in to their primary components, including carbon black, steel and low grade diesel oil. We are looking at scaling up this pilot plant to the point it can produce sufficient low grade diesel oil to power one of our mines.

Reason for raising money

The experience of the 465M team and identification of the opportunity that continues to grow in the crypto currency arena has encouraged us to invite investment to scale up our infrastructure.

Reason for raising money

The experience of the 465M team and identification of the opportunity that continues to grow in the crypto currency arena has encouraged us to invite investment to scale up our infrastructure.

Structure

We have structured it for investors that demand a secure, income generating investment exposed to cryptocurrency, without the associated volatility.

Strategy

Our strategy is tried, proven and extremely scalable, and the market is only growing.

465M will be responsible for:

Developing and structuring the mining company.
Arranging the development and construction of the custom miners, containers and all associated infrastructure.
Managing and reviewing the mining process including amending the algorithm that dictates the coins that are being mined.
Ensuring the sale of any accumulated coin rewards every morning.
Provide administrative functions to the mine and ensure quarterly distributions are made.

465M will be responsible for:

Developing and structuring the mining company.
Arranging the development and construction of the custom miners, containers and all associated infrastructure.
Managing and reviewing the mining process including amending the algorithm that dictates the coins that are being mined.
Ensuring the sale of any accumulated coin rewards every morning.
Provide administrative functions to the mine and ensure quarterly distributions are made.

Interested in investing? Get in touch today.


Your data will be used inline with our Privacy Policy.