2015 Performance Highlights
We have delivered positive financial results during the initial year.
Mining Revenue $1.8M
Total Current Assets $2.2M
Total Comprehensive Income $54.5K
Total Current Liabilities $585.8K
82% of our hash rate is powered by hydroelectricity and geothermal energy.
Bitcoin Group CEO, Sam Lee describes the role of Bitcoin as a decentralised trust platform that is democratising access to currency. He explains the purpose of creating a tangible Bitcoin business bringing a sense of legitimacy and transparency to the industry.
EconomicalBitcoin Group has been able to significantly reduce the cost of the BCM Operations by basing them in China and Iceland. Hosting BCM’s Operations in these locations allow Bitcoin Group access to lower cost electricity and good technical support from operators who are knowledgeable in creating failovers and redundancies.
SupportInitial investment into Bitcoin Group has come from sophisticated investors from a variety of professional backgrounds. Bitcoin Group is thus supported by not only the financial capital but also the expertise of successful people from diverse range of areas.
ExpertsBitcoin Group’s CEO Mr Samuel Lee, was a speaker at the G20 Digital Currency Summit in Brisbane and Inside Bitcoins Conference in Melbourne. Bitcoin Group’s CSO Mr Ryan Xu, voted most influential writer / commentator of the year in the Chinese Bitcoin industry for 2014, Mr Xu is known as a reputable industry leader within the Chinese Bitcoin community.
CommunityIn addition to being an industry member of the Digital Currency Commerce Association of Australia (ADCCA), Bitcoin Group has established strong links with industry organisations such as theMelbourne Bitcoin Technology Center (MBTC) and Bitcoin Association of Australia (BAA). Bitcoin Group is also involved in the Bitcoin community as a sponsor to monthly industry events hosting industry leading across Bitcoin and Fintech space. Bitcoin Group also provides support and resources to operate education and awareness programs such as the weekly Bitcoin for Beginners workshop and Bitcoin Buskers project to help build awareness and understanding of those interested in Bitcoin and its underlying Block Chain technology.
Bitcoin Group has entered into several strategic cooperation agreements with well-known industry leaders outside Australia such as BTC China (Digital Currency Exchange), F2Pool (Mining Pool Provider), and BitMain (Mining Equipment Manufacturer).
Our focus is on bringing legitimacy, accountability and accessibility to the bitcoin industry.Sam Lee
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