What we do
What we do
AltVenture owns and operates powerful computing facilities that process and secure financial transactions for blockchain based digital currencies; this is popularly known as ‘cryptocurrency mining’.
We focus on the hundreds of millions of transactions that take place on the Bitcoin cryptocurrency blockchain. We earn fees for securing Bitcoin transactions using complex computational cryptography and writing those transactions to the blockchain distributed ledger.
Our diverse industry experience, passion for cryptocurrency and access to secure funding have enabled us to quickly achieve profitable results. We are committed to a high growth plan of steady infrastructure investment and strategic site selection to optimize our processing power and earnings.
We focus on low cost, politically stable and energy efficient jurisdictions so we can maintain and scale our infrastructure to reach maximum production efficiency.
We are a pure play Bitcoin mining company with a current and long-term strategy of ongoing infrastructure reinvestment to maximize stakeholder returns.
With over 4000 machines in production we are an industry leading, low capital expenditure producer creating generous returns for investors.
“I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.”
Professor Milton FriedmanA Nobel Prize Winner in Economics (1999)
“Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same space and, of course, for large transactions, currency can get pretty inconvenient.”
Bill GatesFounder of Microsoft
“You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust”
John McAfeeFounder of McAfee
“So my view’s quite clear. I believe cryptocurrencies, Bitcoin is the first example, I believe they’re going to change the world.”
Richard BrownExecutive Architect of IBM
“I have invested in Bitcoin because I believe in its potential, the capacity it has to transform global payments is very exciting.”
Richard BransonFounder of the Virgin Group
“PayPal had these goals of creating a new currency. We failed at that, and we just created a new payment system. I think Bitcoin has succeeded on the level of a new currency.”
Peter ThielVenture Capitalist, Founder of PayPal, Early Investor in Facebook
“Bitcoin is the first time in five thousand years that we have something better than gold. And it’s not a little bit better, it’s significantly better. It’s much more scarce. More divisible, more durable. It’s much more transportable. It’s just simply better.”
Wences CasaresArgentine technology entrepreneur
“Bitcoin, and the ideas behind it, will be a disrupter to the traditional notions of currency. In the end, currency will be better for it.”