Crypto mining startup CryptoSolarTech, based in Spain has determined to make return $68 million raised throughout its initial coin offering (ICO).

CryptoSolarTech sent a letter to all its investors stating the move.
The mining firm was aimed at starting up a cryptocurrency mining facilities in Southern Spain. But as the result of rising electricity price in mind, the firm determined to use solar power for power supply in its facilities. However, it didn’t get a permit to start out its operations.

In the issued letter, the founders of the project pointed that the situation is no longer within their control and promised to make return all the funds in 60 days.

CryptoSolarTech initiated its token sale in June 2018. The funding initiative was an enormous success because the company raised around $68 million in an exceedingly two-month window. in line with reports, most of the investments came from investors primarily based in Singapore and Spain.


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