This is about rule 506(b)
How to raise capital under Rule 506(b)
This rule provides an exemption from registering with the SEC, but you still have to file a notice to let them know about your offering. There are also specific disclosures you need to provide to the non-accredited investors.
There aren't any disclosures required for investors with accredited investor status; however, it's probably still wise to provide them to avoid any misunderstandings.
You do have to provide disclosures to the non-accredited investors. These disclosures will be provided through a private placement memorandum. The private placement memorandum is similar to a real estate prospectus that a REIT would file for a public offering. It will lay out the details of the deal, how the investor will be paid back, the risks involved, and other important information.
You don't have to give this to the accredited investors, but anything you do choose to give them will also have to be given to the non-accredited investors. So if there are any additional documents you want to provide your accredited investors, you'll have to give them to everyone.
You will also have to file Form D with the SEC within 15 days of the first security sold under your private offering. You'll provide information about the business, yourself, the types of securities you're selling, how much money you're raising, and other important information about the offering.
How does Rule 506(b) compare with other exemptions?
Rule 506(b) is one of a handful of exemptions used for crowdfunding. Each exemption has different rules on how you can raise funds, the amount of money you can raise, who you can raise funds from, and the legal process for doing so.
The day we hit £3.40, was that the infamous speeding ticket day when it then fell off a cliff. God, my heart sank that day. Made so much money in the first 2 hours. For it to be all taken away in a matter of minutes. There was certainly a lot of paper hands around then.
Bear in mined all the new machine will be operational by year end, so they could be mining 300 plus a month. So that’s around 3,500 a year. You could even double your £8 estimate, if BTC goes to $100k. £8 now would not look too high IMO.