What is Pivotal Mining Note（PMN）

Pivotal Mining Note (PMN) is an innovative, institution-grade financial product that transforms Bitcoin mining into a regulated, transparent, and easily accessible investment opportunity. Issued by Pivotal Trend Service Co., Ltd. (PTS), PMN is specifically structured to give investors direct, cost-efficient participation in Bitcoin mining, with legal safeguards and professional-grade operations.

1. Security Token Anchored to Bitcoin Mining

PMN is not a speculative token — it is a regulated digital security, classified under U.S. securities laws and offered pursuant to Regulation D and Regulation S exemptions.

Legally, PMN represents an unsecured, limited-recourse debt obligation of PTS, linked to a fully prepaid forward contract for the delivery of Bitcoin. Each PMN is tied to a 36-month Bitcoin mining contract, giving investors clear contractual rights to receive Bitcoin mined over this term, with returns driven by real-world mining operations.

2. Low-Cost Bitcoin Accumulation

Unlike simply buying Bitcoin on the market, PMN gives investors exposure to 1 TH/s of Bitcoin hashrate at a fixed, all-in price for the entire contract duration.

This allows investors to accumulate Bitcoin below spot market prices, especially across mining-friendly market cycles. Because all mining costs for electricity and hosting are locked in upfront through PTS’s industrial-scale agreements, investors benefit from the long-term economics of mining without unexpected capital calls.

3. Direct Bitcoin Payouts

At the end of the 36-month period (or upon a defined Net Capital Event), PTS settles PMN by directly distributing the mined Bitcoin — sent to the wallet addresses designated by investors.

This means returns are transparent and asset-backed, free from fiat volatility or third-party discretion. Investors do not receive dollar cash flows; they receive actual Bitcoin, making PMN a direct channel for accumulating BTC.

4. No Hardware, No Hassle

PMN completely abstracts the operational complexity of mining.

Investors do not need to buy, deploy, or manage mining machines, secure hosting sites, or negotiate power contracts.

PTS handles all mining infrastructure, including procurement, deployment, maintenance, uptime management, insurance, and regulatory compliance — allowing investors to simply hold PMN and monitor performance.

5. Fully Compliant and Liquid

Security and liquidity are core pillars of PMN.

• Custody: Bitcoin generated from mining is held by institutional custodians (like Coinbase Custody), ensuring robust security and insurance.

• Secondary Trading: PMN is structured to be tradable on regulated Alternative Trading Systems (ATS) such as INX.one, providing investors with potential liquidity options in the future.

• Compliance: Comprehensive KYC/AML vetting, investor eligibility checks, and adherence to Reg D and Reg S requirements ensure legal clarity and full regulatory conformity.

6.Where to Buy and Trade PMN?

Primary Purchase via Republic:

Investors can acquire PMN through its official private offering on Republic, structured under U.S. Regulation D for accredited investors and Regulation S for non-U.S. investors. The platform integrates full KYC/AML vetting to ensure regulatory compliance and investor eligibility.

Secure Custody:

Following subscription, Bitcoin mined are held in regulated custody accounts with one or more qualified custodians, providing institutional-grade asset security and insurance protection in accordance with the offering documents.

Secondary Trading:

PMN is designed to be tradable on regulated Alternative Trading Systems (ATS), including platforms that support compliant secondary market transactions, thus offering investors a pathway to potential liquidity under the applicable securities regulations.

In summary

PMN brings together the worlds of Bitcoin mining, capital markets, and compliance into a single investment vehicle.

It offers investors an opportunity to build a long-term Bitcoin position at institutional costs, with the simplicity of a token, the safeguards of a regulated security, and the tangible backing of physical mining operations — all without ever having to run a mining machine.