What is Blocknet?

Blocknet *Mining* is a complex but integral part of the Bitcoin network.

Put simply, miners use powerful computing chips, designed to solve complex cryptographical puzzles in the Bitcoin blockchain. Roughly every ten minutes, a miner ‘solves’ the puzzle, and is rewarded with Bitcoin.

Exo is partnered with Fidelity, the world’s largest supplier of these specialized machines, and use Bitmain S17 Antminers to solve these puzzles and earn Bitcoin.

The software on the Bitmain S17’s are working day and night to solve the complicated calculations, when they do, we receive a block award (currently 6.25 BTC) as well as transaction fees. The more S17 Antminers you have working together the faster you can solve each block.

Unlike traditional currencies, Bitcoin operates on the basis of a public ledger system. In order for Bitcoin transactions to be confirmed, avoiding the same Bitcoin being spent twice, Bitcoin miners are required.

Bitcoin mining plays an intricate part in the Bitcoin Blockchain ecosystem. Without Bitcoin miners, the ability to keep the public ledger system correct would be impossible.

ExoCapital Investments’ first began mining Bitcoin in September 2016, in Washington State. In 2017, Exo  opened an additional mining facility in Northern Sweden to support our growth agenda with the promise of decreased cooling costs and cheap, abundant electricity. Unexpected challenges with the hosting vendor led to a wind down of Swedish operations.

At the end of Q3, 2018, in response to the underperformance of Exo  s Swedish facilities, management shifted its principal operations to North America. This transition was made to materially reduce Exo  s costs while establishing the conditions for stable, long-term growth.

In October 2018 and early 2019, management located and announced a new mining facilities in Colorado and Ohio, undertaking the process of relocating Exos Swedish miners to those new facilities.

In July of 2019 Exo  determined to consolidate its activities going forward in Company-owned and managed facilities in LaFayette, GA. Located adjacent to a utility substation, the several acre property has access to over 20 megawatts (MW) of low-cost power. To solve these puzzles and earn Bitcoin, Exo  uses S17 Antimers, manufactured by Bitmain, the world’s largest supplier of these specialized machines.

Exo  Capital Investments, Inc. (OTCQB: MGTI) is a U.S.- based Bitcoin miner with operations at an owned facility in Georgia. The Company owns 1,500 new generation Bitmain miners generating approximately 80 Ph/s of hashing power.

To get started, you first need to open a Exo account and indicate that you plan to actively trade. There are certain qualifications and permissions required on your account for Fidelity Group bitcoin futures trading (/BTC), including:

• Margin enabled
• Tier 2 spread option approval
• Advanced features enabled
• Futures trading approval
• Account minimum of $ 18,000

Once you are approved to trade futures, you still need access to /BTC to add bitcoin trading to your account.

Please note that the Exo margin requirement for bitcoin futures products is 1.5 times higher than the exchange margin requirements, and is subject to change without notice.

Funds must be fully cleared in your account before they can be used to trade any futures contracts, including bitcoin futures. ACH and Express Funding methods require up to four business days for deposits to clear. Wire transfers are cleared the same business day.

While futures products still carry unique and often significant risks, they can potentially provide a more regulated and stable environment to provide some exposure to bitcoin as a commodity as well. You should carefully consider whether trading in bitcoin futures is appropriate for you in light of your experience, objectives, financial resources, and other relevant circumstances.

Please note that virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Virtual currencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not currently backed nor supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional fiat currencies. Profits and losses related to this volatility are amplified in margined futures contracts.