1. Introduction: ●This document sets forth the Terms and Conditions for the mining pool partnership between Iris Energy, active shareholders and NRG Bloom. By participating in the partnership mining pool, investors in general agrees to adhere to the terms outlined herein.
2. Scope and Control:
●Investor's acknowledges that control over the operational matters of the Partnership mining pool shall primarily be based on its computing power. Investors will have the right to participate in decision-making processes and strategic planning discussions related to their computational arrangements towards the partnership mining pool.
3. Responsibilities and Rights:
●Active shareholders agrees to provide regular reports on the performance of its computational resources within the mining pool. Iris Energy shall ensure transparency in profit distribution, taking into account the negotiated computing power contributed by Investors. Any disputes arising from the partnership shall be resolved through mutual discussions and negotiations.
4. Profit Generation:
●Profits generated by the the partnership mining pool shall be distributed based on the proportionate computing power contributed by shareholders. Returns shall be calculated using a predetermined methodology and distributed on a daily basis, as agreed upon by both parties with the sole aim of establishing long-term shareholder relationship.
5. Support and Maintenance:
●Iris Energy agrees to solely provide technical support and Maintenance service for the highlighted data center infrastructure[Iris Childress mining facility] provided to source the partnership mining pool. NRG Bloom agrees to promptly report issues or defects to Iris Energy and willingly co‐operate towards resolving them.
7. Payments and withdrawals Protocol:
●As a result in the high range in both Principal and mining return on Partnership mining pool, shareholders within the United states are advice to hereby perform withdrawal requests using coinbase wallets. Minor charges may apply during funds conversion but shareholders should be rest assured that 35% of this charges will be refunded as block chain reserves the right to 65%.
●In line with our commitment to effective risk management and sustainable capital growth, tailored to benefit shareholders engaged in our partnership services, we have instituted a customized withdrawal policy. For portfolios classified under the Accredited Partnership level, the minimum withdrawal amount has been set at $100,000 per transaction.
This approach is designed to support robust hedging strategies and ensure the consistent accumulation of funds, thereby safeguarding the long-term interests of our valued stakeholders.
8. Governing Law and Jurisdiction:
●These Terms and Conditions shall be governed by and construed in accordance with the laws of NASDAQ [National Association Of Securities Dealers Automated Quatations] Any disputes arising from the partnership shall be subject to the exclusive jurisdiction in accordance with Laws of NASDAQ.