Terms of Service

1) Who we are

These Terms are between you (“Client”, “you”) and Minera Technology Limited, a private limited company incorporated in England and Wales (company no. 16744909) with registered address 71-75 Shelton Street, Covent Garden, London, United Kingdom WC2H 9JQ(“Minera”, “we”, “us”, “our”).

2) Acceptance of these Terms

By accessing or using the website or Services (defined below), you agree to be bound by these Terms. If you do not agree, do not use the website or Services.

3) Eligibility and authority

You represent that you are at least the age of majority where you live and have authority to enter into these Terms on behalf of yourself or the entity you represent.

4) Services and scope

Minera coordinates installation, operation, and performance management of client-owned high-performance computing or Bitcoin mining equipment (“Equipment”) at site MXBH2AIN01 in Al Ain, Abu Dhabi, United Arab Emirates (the “Site”), through an infrastructure partner (the “Hosting Partner”). The Site’s street address is confidential. Services may include:

• Arranging third-party hosting and energy supply.
• Overseeing performance, maintenance coordination, and uptime monitoring.
• Monthly and real-time reporting through the client dashboard.
• Data analytics and performance tracking for the Equipment.

Minera does not own or directly operate hosting facilities, and does not physically host, insure, or maintain the Equipment. Physical hosting and energy supply are provided by the Hosting Partner under arrangements that Minera manages and supervises. Minera remains responsible for loss caused by its own negligence, as described below. Subject to that obligation and to mandatory law, Minera does not guarantee uninterrupted operation and does not compensate loss caused solely by the Hosting Partner or another third party.

An engagement covers only the Equipment batch identified in the signed agreement. A later purchase, replacement, or additional batch needs a separate written agreement. No separate infrastructure or setup fee is payable to Minera for that batch. Minera will cause the batch to be installed and operational no later than fourteen (14) calendar days after the Hosting Partner receives the complete shipment at the Site, and will notify you of the receipt date.

5) Performance data and reporting

We track the Equipment on a continuous basis where records are available, including uptime, hash rate, and estimated output from verified blockchain or system-level sources. You receive secure dashboard access to performance metrics, uptime, profitability estimates, and historical data.

No later than the seventh (7th) day of each month, Minera provides a statement for the preceding calendar month. It shows batch-wide uptime and measured miner-hours, hash rate and gross Bitcoin output, each hosting, energy, pool, transaction, maintenance, and repair deduction, the shared repair pool figures described below, how any other shared charges were allocated, any exchange rate and conversion time used for a non-Bitcoin cost, net operational proceeds, the 70% and 30% shares, and the Bitcoin payout transaction identifier when a payout is due. Supporting records, including relevant pool records and invoices, are available on written request.

Dashboard figures are estimates and may vary because of latency or third-party reporting. The monthly statement reports the amounts used to calculate the payout, subject to correction of an identified error in a later statement. Projections and performance data are not financial advice and are not guaranteed results.

6) Hosting, uptime target, and the Site

Minera uses commercially reasonable efforts to have the Hosting Partner maintain industry-standard efficiency and data security, and to achieve at least ninety-five percent (95%) batch-wide uptime in each calendar month from the activation date. Monthly uptime is miner-hours during which the Equipment is powered, connected, and hashing, divided by possible miner-hours for the batch. Hours affected by force majeure are excluded. Hosting Partner power and network outages count as downtime unless they result from force majeure beyond the Hosting Partner’s reasonable control.

If a month is below 95%, the monthly statement explains the principal causes and the corrective steps being taken. The 95% figure is an efforts-based service target. It is not a guarantee of continuous operation, mining output, or profit.

The Equipment stays at site MXBH2AIN01. Relocation or substitution of the Site requires a written amendment signed by both parties. Physical hosting is performed by the Hosting Partner. Minera coordinates and supervises those services.

7) Insurance and physical loss

Minera will ensure, through the hosting arrangement, that the Hosting Partner maintains insurance covering theft and fire affecting the Equipment while it is at the Site. The Hosting Partner provides that insurance. The manufacturer’s warranty is separate and follows the manufacturer’s terms. Evidence of the hosting insurance, including applicable limits and exclusions, is available on written request.

Minera will promptly notify you of material physical loss or damage and coordinate any available insurance or warranty claim, with your reasonable cooperation. You retain the risk of physical loss of or damage to the Equipment except to the extent caused by Minera’s own negligence or paid under the Hosting Partner’s insurance or the manufacturer’s warranty.

Minera compensates you for direct physical loss or damage caused by Minera’s own negligence, after deducting insurance or warranty amounts paid for the same loss. For repairable damage, that compensation is the reasonable documented cost of repair. For a lost or irreparable miner, it is the reasonable documented cost of a comparable replacement miner of substantially equivalent performance and condition. Subject to liability that cannot lawfully be excluded, Minera does not guarantee compensation for loss caused solely by the Hosting Partner or another third party if that loss is not paid by insurance or warranty.

8) Client obligations

• Provide the documentation reasonably required for compliance, including AML and KYC verification.
• Do not interfere with operations, and do not contact the Hosting Partner without Minera’s written consent.
• Designate a Bitcoin wallet in writing for payouts. Minera will not pay out until a valid address has been provided. A change of address takes effect only after Minera confirms receipt in writing.
• You acknowledge that output and profitability depend on market and network conditions. Minera does not guarantee returns.

9) Proceeds and payouts (Bitcoin only)

The revenue share applies only to net operational proceeds actually generated. “Net operational proceeds” means the total computational revenues generated by the Equipment, less applicable hosting fees, energy costs, transaction or mining-pool fees, and maintenance or repair expenses charged under the shared repair pool below.

Net operational proceeds are allocated seventy percent (70%) to the Client and thirty percent (30%) to Minera. Your entire 70% share for each calendar month, including a partial first or final month, is paid in Bitcoin on the seventh (7th) day of the following month to the registered wallet. Minera retains its 30% share. This agreement does not authorize automatic reinvestment or the purchase of additional equipment.

All monthly payments are made solely in Bitcoin. No fiat or stablecoin settlement is offered. Fiat values shown in reports are informational only and do not create a payment obligation in those currencies. If no net operational proceeds are generated for a calendar month, no revenue-share payment is due for that month. Any accrued and unpaid client share remains payable.

Minera may deduct actual, reasonable, and documented costs of ordinary repairs and replacement components arising from normal operation and wear of miners enrolled in a shared repair pool. Each month, eligible pool costs are divided equally by the number of enrolled miners and charged per miner before the 70/30 split. Pool rules are applied in a materially equivalent way to every participating client. Costs caused by Minera’s or a Hosting Partner’s negligence or breach, and amounts paid under warranty or insurance, are not charged to the pool. A cost may be charged only once. The monthly statement shows total eligible pool costs, the enrolled miner count, the cost per miner, and the amount allocated to your batch.

The pool does not cover theft, fire, destruction, total loss, or other extraordinary damage. If the aggregate cost of an incident affecting a miner exceeds sixty percent (60%) of that miner’s fair market value immediately before the incident, the miner’s owner bears the entire cost of that incident, subject to insurance, warranty, and Minera’s negligence obligation above. An incident may not be split across invoices or repairs to avoid that threshold.

10) Term

The service term for a batch begins on the activation date and continues for five (5) years, unless ended earlier under these Terms. “Activation date” means the date that batch is installed and operational at the Site, as Minera notifies you in writing. The notice identifies the activated equipment by model, quantity, and serial number. Serial numbers are supplied after the shipment is received and attached to the equipment schedule. That list identifies the batch; it does not add or replace equipment.

11) Termination, return, and end of term

Either party may terminate with ninety (90) days’ written notice. Minera may suspend affected services immediately where required by law, or where reasonably necessary because of regulatory non-compliance, false information, or a material breach by you. Minera will promptly notify you of the suspension and its reasons, to the extent lawful. Ending the engagement still requires ninety (90) days’ notice.

If either party gives that notice before the end of the five-year term, you may elect, by written notice within thirty (30) days after the termination notice, to have the Equipment shipped to an address you nominate. That election prevails over any proposed purchase by Minera. Minera arranges disconnection, ordinary packing, and insured shipment with the Hosting Partner. You bear the actual, reasonable, and itemised costs of return, including disconnection, packing, handling, insured shipping, and any customs duties or import taxes. Minera provides a good-faith itemised estimate before dispatch. You prepay that estimate, and the parties settle any difference against documented actual costs within thirty (30) days after dispatch. Title stays with you.

On the effective termination date, dashboard access ends. Minera issues a final performance summary and pays any accrued client share in Bitcoin on the seventh (7th) day of the following month. No further payouts accrue after that.

If you do not elect shipment, Minera may elect, by written notice within forty-five (45) days after the termination notice, to purchase the Equipment at the residual value below, including any pro-rata adjustment. Minera pays that price within thirty (30) days after the later of the effective termination date and the end of your thirty-day election period. Title passes to Minera only after your election period has expired without a shipment election and the purchase price has been paid in full. If Minera does not elect to purchase, it arranges shipment once you provide a delivery address and prepay the return-cost estimate. Except for the end-of-term transfer below, neither party may transfer or dispose of the Equipment before shipment or completion of that purchase.

If neither party gives a valid termination notice before the end of the five-year term, the Equipment is treated as fully depreciated and title transfers from you to Minera on expiry, without a further payment. A valid termination notice given before that date prevents this transfer, and the shipment and purchase rules above still apply even if the ninety-day notice period ends after the five-year date. You agree to that transfer and authorize Minera to arrange recycling or other lawful disposal at Minera’s cost. Minera will confirm disposal in writing on request. Any client share accrued before expiry remains payable.

Notices are sent by email to Minera at info@mineratech.io and to your notice email address. A notice is treated as received at the time of successful transmission shown in the sender’s email record if no automated nondelivery message arrives within twenty-four (24) hours. A change of notice email takes effect only after notice under this section.

12) No guarantee; no investment advice

The equipment arrangement is for management and performance reporting of equipment you own. Minera does not guarantee mining output, profit, or equipment value, and does not provide investment or financial advice. How the arrangement is classified is determined by applicable law. Nothing in these Terms or in a signed agreement excludes rights or obligations that cannot lawfully be excluded.

Nothing in the services relationship is a partnership, joint venture, agency, or fiduciary relationship. Each party acts as an independent contractor.

13) Confidentiality

Each party must keep confidential all non-public information obtained in connection with the Services, including the Site’s street address, and may use it only to perform obligations and exercise rights under the engagement. This obligation survives termination.

14) Force majeure

Neither party is liable for failure or delay caused by events beyond reasonable control, including energy interruptions, network failures, or government actions. Hours affected by such an event are excluded from the uptime calculation.

15) Liability and indemnity

To the maximum extent permitted by law, and except in the case of fraud, wilful misconduct, or Minera’s obligation to compensate direct physical loss caused by its own negligence, Minera’s aggregate liability arising out of the Services will not exceed the total Bitcoin amount retained by Minera from your operations in the preceding twelve (12) months.

Minera is not liable for indirect or consequential losses, including lost mining profits or third-party downtime. That exclusion does not limit the obligation for direct physical loss or damage caused by Minera’s own negligence.

Each party will indemnify the other against losses arising from its own breach or wilful misconduct.

16) Website acceptable use; intellectual property

You may not misuse the website or Services. You agree not to interfere with or disrupt systems, probe or test vulnerabilities without authorization, or use the Services for unlawful activity.

The website, branding, and any software or content we provide are owned by Minera or our licensors and are protected by applicable laws. You receive a limited, non-exclusive, non-transferable license to use the website and Services as permitted by these Terms.

17) Governing law

A signed Equipment Management and Performance Agreement, and these Terms as they apply to the Services, are governed by the laws of the United Arab Emirates as applicable in the Emirate of Abu Dhabi, without prejudice to any mandatory law that applies to you or the Services. Subject to any mandatory rule that cannot be excluded, the courts of Abu Dhabi, United Arab Emirates, have exclusive jurisdiction over disputes arising out of or in connection with that agreement.

Use of the website, where no signed services agreement applies, is governed by the laws of England and Wales.

18) Entire agreement; changes

A signed Equipment Management and Performance Agreement is the entire understanding concerning Minera’s services for the identified Equipment and supersedes prior arrangements concerning those services. It does not amend or replace any separate equipment purchase agreement. Amendments must be in writing and signed by both parties. The agreement may be executed electronically and in counterparts.

These Terms govern use of the website. Where they describe the Services, the signed agreement controls if there is a conflict. We may update these Terms from time to time and will change the “Last updated” date above when we do.

19) Contact

Questions about these Terms? Contact us at info@mineratech.io or via our contact page.