MIRIS AS Launches Debt Sale

Investors in sustainable smart community real estate developments now have the opportunity to achieve significant savings and complete transparency, through the power of Blockchain technology.

Oslo, 20 June 2019 – MIRIS AS, the Norwegian-domiciled sustainable Smart Community delivery company, today announced the launch of its innovative Debt Sale Program, aimed at expanding their reach in to a global investor base.

The Debt Sale supports MIRIS’ evolution into an integrated Smart Community delivery company leveraging innovative technologies to ecologically and ethically address the increased demand for energy and data. MIRIS will utilise the funds to roll-out a greater scope of innovation, focussing first and foremost on sustainability and innovation utilising Blockchain technology.

The Debt Sale has been designed to attract investors globally and the offering has been divided into three currency tranches to meet the individual needs of investors. In acknowledgement of their loyal Norwegian investor base, an amount of NOK150M (c.€15M) has been made available for investors in Norway. In addition, a USD15M tranche and a EUR20M tranche have also been released. All tranches return a very attractive 7% rate of interest, payable monthly in arrears.

Investors will have the opportunity to retain their investment in MIRIS AS, or alternatively swap this investment into a number of innovative projects that are coming online, the first of which is SVART. SVART will become the world’s first energy-positive hotel. Situated in Norway, north of the Arctic Circle with a 360° view of Svartisen Glacier and arctic nature, it is the first hotel ever designed according to the ambitious Powerhouse standard. The hotel consumes 85% less energy annually compared to other modern hotels, and harvests enough solar energy to cover both hotel operations and the energy needed to construct the building.

Project investment selection will occur via the MIRIS X platform, a Blockchain development by Redsand Labs, a recent MIRIS acquisition, and allows MIRIS to harness supply chain efficiencies with some of the best names in renewable developments, ultimately offering residents and occupants all the benefits of token utility in services – energy, data and home services.

“This fundraising round will ensure that the industries of real estate and blockchain technology are intertwined in a revolutionary new approach to real estate projects. By utilising Blockchain technology, the investment process is completely transparent,” said Jan Gunnar Mathisen, CEO of MIRIS. “The advancement of the MIRIS vision addition is in the spirit of our complete commitment to cutting-edge technologies to help fulfill our vision of creating sustainable lifestyles in balance and harmony with a sustainable planet.”

“We are very happy to launch this fundraising round at this interesting time in the company’s development,” said Nicole Anderson, Chairwoman of MIRIS AS. “The tokenisation of building and financing of real estate projects affords an easier and more transparent experience for investors, providing enhanced returns due to the greater efficiencies that blockchain provides.”

As part of this fundraising round, MIRIS plans to help deliver Smart Communities by building data centers in urban locations in Norway during 2019, followed by a wider roll out across the Nordic region. This will result in the MIRIS brand becoming the global leader in this type of innovation.