One World Ventures, Inc.
OTCPK:OWVI
$ 0.01
$0.00 (0.00%)
$ 0.01
$0.00 (0.00%)
End-of-day quote: 05/17/2024

One World Ventures Stock

About One World Ventures

One World Ventures, Inc. operates as a cryptocurrency datacenter hosting company. One World Ventures share price history

The company's plan is to rent space to its clients to install their own miners and to connect them to the electric grid as a hosting facility. As such, the company's planned facility will house and allow its clients to operate their miners to mine cryptocurrency. The company's hosting services will be to provide its clients with a secure datacenter, access to electricity, climate controlled facility, internet and maintenance. The company can achieve this through a fully integrated infrastructure platform, access to low-cost power and directly owning and operating a majority of the components of its own customized mine hosting sites and machinery. The company's purposely designed infrastructure and location will afford it the ability to maintain low operating costs and manage energy consumption, which provides significant advantages in driving profitability across a variety of cryptocurrency market conditions.

The company's plan is to purchase property, in Wyoming, and build a cryptocurrency datacenter and cryptocurrency mine hosting service. It plans to purchase the property in the state of Wyoming and build its datacenter there, due to the cooler weather, amount of renewable energy and lower cost of energy that can be found. The company is analyzing properties in Wyoming. The company's planned operations within this segment comprises the following revenue source:

Cryptocurrency Datacenters: As of December 31, 2022, the company planned to place its cryptocurrency datacenters in the state of Wyoming, due to its climate, the cost of land, the availability of renewable energy, the future growth of renewable energy, the price and availability of energy in general.

The company's cryptocurrency datacenter operations will generate revenue in the form of rent payments from cryptocurrency mining companies that will install their own miners and allow it to provide a hosting service. The company's business will be the renting and providing of space for miners that its clients will pay for and connecting them to the electric grid, as such, the company's planned facility will solely house the miners which allows its clients to mine cryptocurrency. As part of its hosting service, the company will provide access to electricity (which the miners will pay on a pro-rata usage basis), maintenance of the miners, climate controls and security. After its initial startup, the company intends to rapidly increase its cryptocurrency datacenter hosting capacity by increasing the number of spaces for miners it can host in order to increase itsd revenue, as well as expanding its facilities to be able to host more cryptocurrency mining companies.

Planned Mine Hosting Operations One World Ventures share price history

The company plans to build an approximate 50,000 square foot cryptocurrency mine hosting facility in Wyoming.

The company plans to construct its cryptocurrency mining datacenter out of lightweight materials, including the exterior walls, roof, and windows, such as a storage facility or warehouse.

The company's mining clients will use their miners in order to mine cryptocurrency for themselves and pay it a monthly rent for the use of the space from it. Because the clients are providing their own miners the rent will be based on the amount of space used, electricity usage, maintenance and security fees it charges.

Because the company is planning on basing its mine hosting operations in Wyoming, it will have access to a cooler climate, and environmentally beneficial and low-cost power as leverage. After securing the property and constructing the datacenter facility, the company's focus will then be on sourcing the latest cryptocurrency mine hosting technology and engaging in transactions to align its interests with those of other key industry stakeholders, including equipment manufacturers and high-performance computing infrastructure managers.

The company intends on strategically locating its sites in Wyoming due to its cooler weather, investor-owned power market and abundance of low-cost renewable energy resources. The company's planned future operations will be located in Wyoming, which, according to the United States Energy Information Association, produces 13 times more energy than it consumes, and is ranked third in the United States in wind-powered electricity generation, producing almost 22% of the United States' total wind generation in 2021. Wyoming has some of the greatest wind resources in the nation, especially in the southeastern corner of the state, which bodes well for increased wind energy generation in the future. The company plans to locate its sites to efficiently utilize low-cost energy and potential renewable energy, such as wind power, provided by third parties in order to maintain a close proximity to its power sources.

The company's planned location in the cooler Northwestern United States and access to abundant low-cost power should allow it to cool the miners at lower cost than if the company was located in warmer regions, resulting in its ability to maximize crypto asset mining operations through low variable costs and cost per MW. The company's focus is on hosting cryptocurrency miners for monthly rent payments based on the amount of space its potential clients rent. The company's clients will pay for the electricity they use, which it will calculate through the use of software and manufacturers electricity usage guides for the miners themselves, on a pro-rata basis, as such, the cost of electricity will be a varied part of the client's rent payment. As substantially all of the company's revenue will be from hosting cryptocurrency mining, the price of energy is very important to its business, as it will entice clients to use the company's facility from which to operate their miners.

The company intends to operate with flexibility and an intention of maximizing value from its operations. To this end, the company's business strategy continues to be acquiring power at the lowest rates in an environmentally beneficial fashion, creating enough space for clients' miners to be installed, and re-investing proceeds from its hosting of crypto asset mining operations in acquiring additional space for more miners.

Cryptocurrency Mining

The company plans to host cryptocurrency miners by renting space to clients to install their own miners, to allow its clients to solve these complex cryptographic puzzles. In return for solving a block, the company's clients will receive a Bitcoin or other crypto asset reward, depending on the block chain, which they would hold for their account and attempt to sell opportunistically on the market or directly to purchasers to generate a profit.

Competition

The company's publicly traded competitors include Bitfarms Ltd.; Cipher Mining; Hut 8 Mining Corp.; Northern Data AG; and Stronghold Digital Mining, Inc.

History

One World Ventures, Inc. was incorporated in the state of Nevada in 1997.

Country
Founded:
1997
IPO Date:
04/14/2009
ISIN Number:
I_US68244N2018

Contact Details

Address:
3370 Pink Place, Ste. F, Las Vegas, Nevada, 89019, United States
Phone Number
702 331 9700

Key Executives

CEO:
Lin, Da
CFO
Lin, Da
COO:
Data Unavailable