Transparency

What we are, and what we aren't yet.

We are a young firm. The honest version of where we stand today matters more than polished marketing — because if any of it changes your mind, we'd rather you know now than find out mid-term.

Page last reviewed April 2026

In place today

  • — Five live client mandates, under one BTC distributed to date
  • — Owned production infrastructure in the UAE and Northern Europe, operational since February 2025
  • — Daily record of positions, signed and independently verifiable from your browser
  • — Ireland incorporation (Montblanc Capital Ltd), Dubai operating hub
  • — Founder reviews every subscription personally
  • — Electricity pass-through disclosed on every monthly statement

On the roadmap

  • — Big-Four audit of the mining operation (12–18 months)
  • — Independent fund administrator (after audit)
  • — AIFMD or equivalent regulatory filing where material — infrastructure, not aesthetic
  • — Systematic equity strategy live, currently Q4 2026 target
  • — Additional operational jurisdictions for grid redundancy

Why this page exists

A sophisticated reader can work this out from the absence of audit logos and administrator names — so we'd rather say it directly.

Firms at our stage sometimes paper over the gap between what they are and what they hope to look like. We don't. The signed record is the substitute for institutional infrastructure we don't yet have — you verify the numbers directly rather than trusting an administrator we haven't hired.

As the roadmap items above land, this page updates. Until then, the items in the right-hand column above are not in place. Size your mandate with that in mind.

Risks

The risk list for the strategy itself sits on the strategy page.

Margin compression, post-halving revenue squeeze, equipment failure, facility risk, operator risk, regulatory and tax treatment — the full disclosure sits alongside the thesis, where it belongs.

Read the risks section

Verifiability

Check our distribution history in your own browser.

Every distribution we have ever made is signed and chained to the one before it, and published to a public source. You fetch the record, confirm each signature against our public key, and check the chain is intact — all in your browser, with no servers of ours involved.

Run the verification

Questions about any of this?

Reach out and we'll answer directly — founder-level, not a support desk.

Contact usRead the strategy