Rapid growth, speed, and continuation of technological advancement are changing the procedures of functionality and maintenance by involving technologies like Blockchain, artificial intelligence, machine learning, progressive mining facilities, and more. With the primary shift, we are adjusting our business structure with recent advanced technology for the efficiency it can bring.
In line with the current state of industry, MGL Caelum Pte. Ltd. & MGL Caelum LLC is establishing the business complex which will be combination of valuable resources and advanced technology. We are planning to implement 6 synergetic group of projects in Mongolia, which are power plants, industrial complex, crypto farm, AI driven data center, smart supply chain and blockchain based commodity trading platform projects.
To develop these six group projects, we aim to fundraise a total of $400 million USD through the IEO. $50 million USD will be raised through the IEO in Mongolia and remaining $350 million USD will be from international market.