Project Overview

“What the internet did for communications, blockchain will do for trusted transactions.”

Ginni Rometty, CEO IBM

While the technology is complicated, the main idea is simple. Blockchains enable users to send money directly and safely from point to point, without going through a bank, a credit card company, or PayPal.

Rather than the Internet of Information, it’s the Internet of Value or, the Internet of Money.

Bitcoin or other digital currency isn’t saved in a file somewhere; it’s represented by transactions recorded in a blockchain—kind of like a global spreadsheet or ledger, which leverages the resources of a large peer-to-peer bitcoin network to verify and approve each Bitcoin transaction. Each blockchain, like the one that uses Bitcoin, is distributed: it runs on computers by volunteers around the world; there is no central database to hack. The blockchain is public: anyone can view it at any time because it resides on the network, not within a single institution charged with auditing transactions and keeping records. And the blockchain is encrypted: it uses heavy-duty encryption involving public and private keys–like the two-key system to access a safety deposit box–to maintain virtual security.

Atlas Blockchain Group aims to become one of the premier blockchain infrastructure and cryptocurrency mining operations.

We maximize our investment by employing 4 key factors for success…


Washington State is among the top-rated jurisdictions globally for economic, social, and political stability. Proven technology leadership (Amazon, Microsoft, Expedia, T-Mobile, Intel, Oracle and Accenture amongst many others) make this a hub of educated technology focused individuals who understand and advocate Blockchain and the value it delivers.

Cheapest Power

Proximal to the Grand Coulee Dam, largest power station in the United States, Atlas currently accesses electricity at approximately $0.03/kWh*, some of the cheapest power in the world. Electricity costs are one the key profitability differentiators and Atlas is positioned to potentially become one of the most profitable mining operations in North America. *2019 rate increases to $0.034/kWh. Future increases subject to regional demands.

Proprietary FACILITY

Owning its own  property and facility, Atlas has the flexibility and stability to completely control its operations and maximize returns of mined cryptocurrencies by holding these mined assets in inventory.

Growth Platform

Starting with the Grant County Data Centre with 3 MW of dedicated power, Atlas Blockchain Group aims to grow organically and through acquisition of data centres with low-cost power sources.


Favourable Regulations Across The Globe

All G7, EU, and the majority of developing countries have adopted favourable cryptocurrency regulations

Accelerating Bitcoin Adoption

With a market cap exceeding $250B, Bitcoin has risen over 17-fold year-to-date, as transaction volumes accelerate and governments such as Japan and South Korea implement aggressive adoption policies.

In 2017, the Chicago Mercantile Exchange, the dominant North American derivatives exchange, introduced Bitcoin futures, briefly pushing Bitcoin to $20,000 USD.


How the Blockchain Works

All Assets

The ownership of any asset can be recorded and cryptographically secured in a globally distributed ledger

Immutable, Verified

The blockchain eliminates the need for third-party verification, as all transactions are recorded on an immutable public ledger and verified by mining network

Mining Incentives

Validation requires substantial computational power. Miners are rewarded with for verifying transactions on the blockchain and keeping the network secure

The Role of Miners


Miners are the backbone of the blockchain, as they solve cryptographical problems to verify transactions


The purpose of blockchains are to have internal incentive structures so that they are self-organizing. To do this, Miners are paid small fees following the verification of transactions


As transactions are verified by miners, blocks of data are attached to the blockchain and cryptocurrencies are distributed as reward for performing this computationally intensive task

Mining Profitability Factors

1. MINING FACTORS that can be controlled though optimization of ASICs:

Hash Rate
Requires experienced management with a plan for success

2. MARKET FACTORS that move in the same direction

Supply vs. Demand
Higher price = more miners = higher network hash rate

3. POWER FACTORS Largest operating expense in a mining facility:

Electrical Power:  Cost per Kilowatt Hour ($/kWh)
Proximity to Grand Coulee Dam = Major Savings

Growth Strategy

Atlas Blockchain Group is focused on growth using a three-point strategy:

Organic Growth Through Reinvestment

Atlas will reinvest profits into scaling up capacity in existing mining operations. By owning facilities and property with access to high-capacity substations, Atlas has flexibility to reinvest at highly profitable rates

Accretive Acquisition and Development

Atlas aims to acquire data centres with low-cost power, and with near-term cashflow, on an accretive basis. Publicly traded mining operations trade upwards of 25x Forward EBITDA, but can be purchased for 5-10x EBITDA, allowing for an immediate multiple expansion

Capital Gains Through Inventory

Atlas has the ability to inventory its mined coins to fully realize mining profitability. We target an increase of cashflow at year-end by holding vs. selling  as a managed value-add  portfolio investment strategy


Location = Opportunity

  • Located within  Grant County, WA  and nearby to the Grand Coulee Dam, largest power station in the United States.
  • Atlas has currently (2018) secured access to electricity for approx. $0.03/kWh*, some of the world’s cheapest power.
  • With a nearby substation, Atlas has the power supply to enable low-cost scalability
  • Our wholly owned property allows for organic growth as well as business stability and flexibility through complete ownership of property and hardware.
  • Excellent infrastructure and access to additional property in Washington State, world renowned for its pro-business policies.
  • Moderate climate with low salt count, allowing for optimal dry-cooling technology.
  • 70% dedicated to Bitcoin with 30% available for switching to mine most profitable alternative coins.
  • Grand Coulee Dam
    Impounds: Columbia River
    Height    550 ft (168 m)
    Length    5,223 feet (1,592 m)
    Width     30 ft (9 m) (Crest
Turbines  33:
27 × Francis turbines
6 × pump-generators
Installed capacity   7,079 MW (max)
Annual generation 20.24 TWh
  • *2019 rate increases to $0.034/kWh. Future increases subject to regional demands.