Brox Equity is raising US$ 20million availed to GCC investors
Brox Equity, a private company registered in Alberta, Canada, is combining traditional energy and the emerging crypto experience as a way to contribute to Canada’s economic recovery for the energy industry.
The company is raising up to US$ 20million through an innovative exempt digital security offering which will provide investors with diversified exposure to bitcoin, natural gas and electricity.
The offering is part of the Brox strategy of purchasing natural gas assets to generate low-cost, environmentally efficient electricity for its proprietary bitcoin mining farms.
Brox has a strategic relationship with PermianChain Technologies, the developer of a proprietary blockchain platform that brings together energy companies with crypto-asset miners to transform the way that energy is funded, produced, bought and sold.
“Bitcoin miners are growing in number and creating a global economy that is transforming the investment landscape, making the global digital economy a reality,” commented Mohamed El-Masri, Founder and CEO, PermianChain Technologies and Director and CEO, Brox.
The offering is expected to start in mid-May and is being distributed as an exempt offering by Windermere Capital and by Ento Capital in the Dubai International Financial Centre (DIFC).