Crypto Mining Business for Sale in Richmond, VA

Not Disclosed, VA
Richmond City County

Business can be relocated

Asking Price: Annual Revenue:
$189,000 $80,000

Technology: Non-classifiable

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RE: Crypto Mining Business for Sale in Richmond, VA Broker: Gavin P Raphael
Owner Financing is Available!

Quick Facts

Asking Price: $189,000
Annual Revenue: $80,000
Net Profit: $50,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $130,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 578348609
Broker Reference #: Not Disclosed

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Business Overview:

Light & Raphael is pleased to offer a crypto mining company for sale in Richmond, Virginia. The owner works only 5-10 hours per week in this profitable home-based business. It can be easily relocated within two hours of Richmond, Virginia.

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Property Features and Assets:

Home-based business.

Market Competition and Expansion:

According to Brandessence Market Research, The Cryptocurrency Mining Market size reached USD 2,285.4 Million in 2021. The Cryptocurrency Mining Market is growing at robust CAGR of 28.5%, and reach size of USD 5,293.9 Million by end of Forecast 2028. Most Bitcoin mining occurred in the United States, according to IP addresses from so-called hashers that used certain Bitcoin mining pools in 2021. Likely this is connected to energy prices worldwide: Electricity costs in Germany were over 10 times more expensive than in, for example, China - the country that for a long time was the largest crypto miner until late 2021. Bitcoin requires energy for hashing, or the PC processing power needed to build the blockchain. Simply put, the more hashing occurs, the more Bitcoin is being mined.

Reason for Selling:

Owner wishes to pursue other business interests.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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