Technology-enabled
Real Estate Investment Platform.
Our private equity investment strategy is the adaptive reuse of commercial real estate privatized from municipal ownership. We add value to property through a digital technology re-development strategy
FRX
Our Mission
Our Mission is to create profitable ESG impact investments using blockchain technology to transform America’s rural jails from a social burden to a social good.
“ESG” refers to the environmental, social, and governance practices of an investment that may have a material impact on the performance of that investment.
business model and organization
Front Range Exchange
Front Range Exchange is a holding company organized as a Colorado public benefits corporation with three subsidiaries; FRX Properties LLC, FRX Software LLC, and FRX Financial LLC. We also will manage under contract the FRX Rural Local Electric Cooperative.
Real Estate
FRX Properties LLC
(“FRXP”). As a core business FRX is a low-capex, low-risk real estate developer. The Company acquires target property, subdivides, makes improvements, leases, and resells at a premium. The firm’s strategy is to sell or syndicate the properties as “multi-unit commercial” to passive investors.
TECHNOLOGY
FRX Software LLC
(“FRXS”). To expand distribution beyond the International channel to Digital channel, FRXS will “digitally subdivide” each Unit by tokenizing the real estate. The Company has developed CellBlock, a blockchain based platform to syndicate each Unit and its associated solar cell power installation.
cooperative
FRX Rural Local Electric Cooperative
(“R-LEC”). Our SoMi System is organized around an FRX Owners Association that is a Colorado cooperative. The Owners Association is comprised of owners of the Units with participation required by the Bylaws. There are 375 Units at Site No. 1 and 500 Units at Site No. 2, so there will be a minimum of 875 members in the cooperative, plus all Members that become fractional owners through the Digital sales channel.
FINANCE
FRX Financial LLC
(“FRXF”). FRXF is an in-house finance company designed to accelerate the sale of Units. FRXF will assist in providing financing for buyers of FRXP Units. FRXF may inventory, or hold, term notes secured by mortgages, or sell onward into the capital markets or offer a bank participation.
The U.S. has quickly become the second-biggest bitcoin mining hub in the world. According to Cambridge University , nearly 17% of all bitcoin mining in the world happens in the U.S., about three times more than its share just one year ago. (Forbes, July 21, 2021)
“SoMi”
Social Mining Digital System
FRX has developed SoMi, its “social mining system” that repurposes acquired property – rural jails and prisons – as secure bitcoin mining datacenter infrastructure.
Federal Funding
The federal government has extensive economic incentives to induce investment into these distressed rural communities.
These incentives are integral to the SoMi System to make North American digital infrastructure profitable for mining.
Social Impact
There are over 200 million square feet of developed property where prison facilities are regularly decommissioned with no practical alternative use. SoMi creates a societal-level social impact by permanently closing jails.
Opportunity Zone
We invest exclusively in rural census tracts designated as US Treasury Opportunity Zones or Internal Revenue Code 45(D) Low-Income Communities (“LICs”), allowing government funding that lowers the cost of capital, allowing us to be competitive with foreign operators.
Job Creation
SoMi is an economic development system that generates in-bound capital investment into America’s underserved rural communities, creates new local jobs, tax revenue, and digital infrastructure.
Closing Digital Divide
SoMi addresses the public policy priority of closing the ‘digital divide’ technology gap in rural America and solving for the large taxpayer sunk cost of legacy jail infrastructure, aligning government & crypto objectives to serve as a core competitive advantage.
FEATURED Project:
Brush Mining Facility
FRX has secured a 60,000+ square foot facility in rural Brush, Colorado capable of housing 33,000 mining rigs in up to 40-60 datacenter condos individually titled. The existing structure is ideally suited for a rapid adaptive reuse conversion of existing structures. The strategy totally eliminates group-up construction risk and also accelerates time to market. Servers will be supported by a phased electrical plan of grid-power at the outset with a 50MW solar power plant developed in the adjacent land.
Contact
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