General Terms and Conditions of Sale – ForMining Space Service
Contract: For Mining Limited
This contract sets forth the general terms and conditions of sale for the ForMining Space service.It is issued via the ForMining Space platform through the Client’s personal account and accepted online by the Client upon purchasing our service directly via their user interface, by ticking the acceptance checkbox.
These General Terms and Conditions define the legal framework governing the use of theForMining Space platform and the services provided by the Company, as well as the terms of access and use of the Service. They apply to all Clients, regardless of their country of residence.
These Terms and Conditions are accessible at all times on the website under the “Terms andConditions” section and supersede any previous version concluded with ForMining Space. They are globally applicable and drafted in French, which shall prevail over any translation in the event of a discrepancy in interpretation.
Registration to the services and use of the platform implies full and unconditional acceptance of these General Terms and Conditions. When registering via the dedicated form, the Client must expressly accept them by ticking the following box:
"By checking this box, I acknowledge that I have read and accepted the present Terms andConditions."
The risks associated with investments in digital assets are also detailed in the “Documents”section, which provides a non-exhaustive list of risk factors.
If the Client does not accept these conditions, access to the services of ForMining Space will be denied.The Company reserves the right to amend these Terms and Conditions at any time. The new provisions shall become effective upon notification and publication on the website.
Should any provision of these Terms and Conditions be declared invalid under applicable laws, regulations or by a final court ruling, the remaining provisions shall remain in full force and effect.
Each Client’s account is associated with a unique order number that defines the terms of the contract, including:
- The type and quantity of mining machines selected;
- The chosen electricity option (USA or CANADA);
- The terms of electricity billing;
- The subscribing client via their unique account ID;
- The subscription date.
All order details are available on the platform under the corresponding order. A unique invoice is also generated for each contract.
All documents—order number, invoice, and contract (GTCs)—are accessible within the Client’s account on the ForMining Space platform. These may be consulted at any time by either party via the platform or by contacting: contact@for-mining.com.
Article 1: Scope of the “ForMining Space” Service
1.0.1 The ForMining Space service includes the following deliverables:Access to the selected machine’s performance;Performance guarantee;Online client account with reward tracking;Online maintenance in case of service-related issues.
1.0.2 The Service also comprises:- Regular maintenance of hardware and software;- Network, server, and electrical system monitoring;- Replacement of defective components (excluding customer-owned equipment but necessary for its operation);- Ongoing monitoring and security of all hardware.
1.0.3 Any equipment purchased through the ForMining Space service is covered by an 18-month warranty, except for machines dedicated to mining DOGE, which are covered for 9 months only.All other repair services, component replacements, or troubleshooting not covered by the warranty shall be billed on an hourly (non-divisible) basis, subject to prior quote and Client approval.In the event of a critical issue rendering a machine irreparable (e.g., theft, fire, or failure of a keycomponent), ForMining Space guarantees a prorated reimbursement of the machine’s purchase price based on a depreciation schedule of 36 months.For DOGE mining equipment, the prorated refund will be based on a 12-month depreciation period.
Article 2 : Effective Date of the Contract
2.0.1 This Contract is entered into for a period of one (1) year starting from the equipment’s commissioning date. It shall automatically renew unless a specific amendment regarding pricingand electricity costs is issued, as outlined in Article 3.
2.0.2 The Contract shall be activated no later than two (2) business days after full payment has been received.If physical delivery is required, activation shall occur no later than fourteen (14) business days after all items have been received.
Article 3 : Financial Terms
3.0.1 The Service fee, defined as the energy billing amount, is invoiced monthly in advance. The electricity rate is fixed according to the chosen hosting site at the time of contract execution and may be adjusted at renewal following email notification at least sixty (60) calendar days in advance. In the event of rejection of the new terms, the Client may terminate the contract in accordance with the cancellation terms set forth herein.For the “USA” option, the electricity performance rate is fixed at $0.05 per kWh during the first year.This rate is guaranteed and non-adjustable during this period.For the “CANADA” option, the electricity performance rate is fixed at $0.07 per kWh during the first year. This rate is also guaranteed for the period.After the first year, the Provider reserves the right to adjust electricity costs. The Client will be notified of the new rates at least 30 days before the contract anniversary and will have 30 days to accept or decline them.
3.0.2 The Company reserves the right to pass on to the Client, without delay, any new energy taxes, changes in existing taxes, or regulated electricity tariffs imposed by the referenced energy supplier for the “ForMining Space” service.
3.0.3 When physical shipment of equipment is required, a fixed shipping fee per unit (including customs duties) will be charged to the Client. The amount will be communicated at the time ofordering. Orders placed via the ForMining Space service are exempt from customs fees fordelivery to the designated hosting center.
Article 4 : Invoicing
4.0.1 Monthly Billing: Maintenance and electricity reference services shall be invoiced monthly. Aninvoice will be sent to the Client each month, and payment must be made within ten (10) businessdays from the invoice issue date. If payment is made by bank transfer, the associated transactionfees shall be borne by the Client. To avoid such fees, payment in cryptocurrency is recommended.Advance Payment: The Client agrees to pay the monthly invoice in advance for the upcomingservice period. The invoice amount will be based on the reference electricity consumption of theequipment and the current maintenance fees.
4.0.2 Breakdown of Fees:
Electricity:The total electricity charge will be calculated based on the reference consumption in kilowatt-hours(kWh) of the selected equipment, multiplied by the applicable rate (e.g., $0.05/kWh).Hosting Fees:These include access to the infrastructure, security of the facilities, regular maintenance of the hardware, and access to the online dashboard for mining performance monitoring.No Upfront Fees:Unless otherwise specified in the quotation, no initial fee related to the setup or commissioning of the service shall be charged.
Article 5 :Energy Cost Adjustments
Revision Notice:
The Provider shall notify the Client of any revised energy rates by way of an amendment at least thirty (30) days before the end of the first contract year. The Client may either accept the revised terms or terminate the contract. Should the amendment be declined, the contract will expire on the first anniversary date with no additional charges.
Renewal Terms:
If the Client accepts the amendment, the contract will be renewed for an additional one (1) year under the revised energy pricing.
Article 6 : Maintenance
6.0.1 The Company may schedule technical, platform, electrical, network, or infrastructure maintenance and development operations which may temporarily disrupt services.
6.0.2 The Company commits to ensuring that the cumulative service interruptions due to correctiveor progressive maintenance do not exceed twenty (20) days per year. In the event of downtime, thelease amount will be deducted pro-rata from the following month's invoice or compensated via thetoken associated with the selected machine.
Article 7 : Service Level Commitments
The Company guarantees 90% service availability and operational performance for the selected machine.
Article 8 : Duration and Termination
8.0.1 Contract Term: This Contract shall enter into force upon the initial activation of the Client’s service and shall remain effective for a period of one (1) year, renewable automatically by tacit agreement. Termination by the Client must be submitted in writing with a notice period of thirty (30)calendar days.
8.0.2 Termination for Cause: Either Party may terminate this Contract by written notice in the event of:
- a material breach that is not curable;
- a material breach that is not remedied within ten (10) calendar days of written notice;
- a serious violation of applicable laws by the other Party.
8.0.3 Return of Equipment: Upon termination or cancellation, the Client shall bear the cost of returning the equipment. Failing this, the Company may consider the equipment abandoned and assume ownership.
8.0.4 Waiver of Withdrawal Right – Hong Kong Law:Pursuant to the laws of the Hong Kong Special Administrative Region, including the TradeDescriptions Ordinance (Cap. 362) and the Sale of Goods Ordinance (Cap. 26), no right of withdrawal applies to contracts for services that have been fully performed before the expiry of any withdrawal period, provided performance began with the Client’s express prior consent.By subscribing to the services of For Mining Limited and consenting to immediate execution, theClient expressly waives any right of withdrawal or refund once performance has commenced.This clause notably applies to:machine activation, account setup, access to the online platform, and any other services requiring immediate activation.Upon order confirmation and the start of service delivery, no cancellation or refund shall be granted, except in the case of proven failure by the Company to fulfill its legal or contractual obligations. The Client remains entitled to resell the mining equipment to a third party, subject to the transfer of ownership conditions set forth in the contract and the obligation to inform the Company of the change of ownership.
Article 9 : Packaging and Transportation
9.0.1 The Client is responsible for all transportation-related costs, including damages, loss, customs delays, and storage fees.
9.0.2 Under the "ForMining Space" service, the Company is responsible for transport to the hosting site when required. For Mining Limited shall not be held liable for any loss or damage during the return transit to the Client’s residence.
9.0.3 If applicable, all packaging materials must be returned within thirty (30) days from the start of the contract. If not returned within this period, packaging will be recycled. Upon Client request, packaging may be retained for potential return shipment.
Article 10 : Payment Terms
10.0.1 Payments shall be made in euros (EUR) or in digital assets supported by the Client interface and shall be net of any withholding or deductions. The prices specified in the contract are exclusive of taxes.
10.0.2 The Client agrees to pay the monthly invoice on the first (1st) day of each month, in accordance with the agreed payment terms. The invoice is based on the Euro-Dollar (or other applicable currency) exchange rate of the previous month.
10.0.3 Prices in euros (or any other currency) shall be calculated based on the applicable exchange rate on the last business day of the preceding month. The Company reserves the right to adjust the monthly fees accordingly.
10.0.4 Any payment default will result in the immediate suspension of services. The Company reserves the right to terminate the Contract if payment is not received within fifteen (15) days following formal notice.
10.0.5 For Mining Limited offers highly competitive pricing on selected mining machines. Payment must be received within forty-eight (48) hours following the Client's signature in order to secure the quoted price. If payment is not received within this timeframe, ForMining Space reserves the right to adjust the price of the selected machine.
10.0.6 In case of any change in pricing or payment terms, the Company will notify the Client at least thirty (30) days prior to the effective date of the new terms.
Article 11 : Data Privacy
11.0.1 The Company undertakes to protect the confidentiality of the Client’s personal data in accordance with applicable laws and regulations.
11.0.2 Data collected under this Contract shall only be used for contract management and to improve the quality of the services provided. The Company commits to processing the data of SiteUsers and Clients lawfully, fairly, and transparently, in accordance with the General Data Protection Regulation (GDPR) and the French Data Protection Act (Law No. 78-17 of January 6, 1978).Under these laws, the User has the right to access, rectify, delete, and object to the processing of their personal data.This right may be exercised by email at: contact@for-mining.com.
11.0.3 No personal data will be shared with third parties without the Client’s prior consent, except where required by law or where necessary to ensure proper service operation.
Article 12 : Liability
12.0.1 The Company shall not be held liable for indirect or consequential damages, including dataloss, profit loss, or business interruption, arising from the use or inability to use the service, unless such damages result from gross negligence or willful misconduct.
12.0.2 In no event shall the Company’s liability exceed the total amount paid by the Client for the services provided during the contract year preceding the claim.
12.0.3 The Company shall not be held liable for service interruptions caused by force majeure events, as defined in Article 13.
12.0.4 The information provided on the platform and application is for informational purposes only and is based on sources deemed reliable. However, ForMining Space does not guarantee the completeness, accuracy, or absence of omissions in the published content. Although the content is updated regularly, it has no contractual value. The Company shall not be liable for regulatory or administrative changes occurring after publication, or for how users interpret or act upon such information.Users access, use, or download content from the platform or application at their own risk.ForMining Space shall not be liable for any damage, including from viruses or harmful components that may affect user equipment.The Company shall not be liable for any force majeure events or unforeseeable circumstances beyond its control, including third-party interventions affecting the platform’s proper functioning.
12.0.5 Past performance is not indicative of future results. Return projections provided to the Client are based on current and historical investment performance; future earnings may fluctuate.Potential earnings are directly influenced by operating costs, which themselves depend on the volatility of digital asset markets and exchange rates.The Company shall not be liable for gain variations or financial losses resulting from, but not limited to, the following factors:
- Digital asset market volatility, including price fluctuations and their correlation with fiat currencies;
- Technological developments affecting mining algorithms, protocols, and consensus mechanisms;
- Mining difficulty changes impacting profitability;
- Adjustments in mining rewards (e.g., Bitcoin halving) and their consequences;
- Client decisions (e.g., reinvestment, liquidation, or cessation of activity);
- Regulatory or legislative changes impacting service provision (e.g., government restrictions or tax egulations);
- Temporary or permanent unavailability of hosting sites. The Company will strive to relocate equipment if possible; relocation costs will be prorated and charged to the Client;Service interruptions due to maintenance, during which no electricity fees will be charged;Any indirect financial, legal, or commercial consequences from using the service, whether fromClient actions or external events.
Article 13 : Force Majeure
13.0.1 The Company shall not be held liable for any failure or delay in the performance of its obligations caused by events beyond its reasonable control, including but not limited to natural disasters, armed conflict, strikes, network failures, cyberattacks, sophisticated hacking attempts, or energy supplier outages.
13.0.2 In the event of force majeure, the Company’s obligations shall be suspended for the duration of the event, and the contract term shall be extended by a period equivalent to the suspension.
Article 14 : Intellectual Property
14.0.1 All intellectual property rights related to services, software, systems, or technologies made available under this contract remain the exclusive property of the Company or its licensors.14.0.2 The Client may only use such elements as strictly necessary for the performance of the contract and shall not reproduce, modify, or distribute them without the Company’s prior written consent.
Article 15 : Dispute Resolution
15.0.1 Amicable Settlement:
In the event of any dispute arising out of or relating to the execution or interpretation of this contract, the Parties shall endeavor to resolve the matter amicably within thirty(30) days of written notification of the dispute by either Party.
15.0.2 Jurisdiction:
If no amicable solution is reached, the dispute shall be submitted to the competent courts in accordance with the jurisdiction clause set forth in Article 26.
Article 16 : Terms of Use for Online Services
16.0.1 The Client agrees to comply with the terms of use applicable to the online services provided by the Company for mining performance tracking and account management.
16.0.2 Access to these services is secured by personal login credentials. The Client is responsible for maintaining the confidentiality of these credentials and must notify the Company immediately in the event of any compromise.
16.0.3 The Company reserves the right to suspend or restrict access to online services in the event of a breach of these terms of use or for maintenance purposes.
16.0.4 These General Terms and Conditions of Sale apply exclusively to the purchase of ASIC hardware and/or services by the Client for professional purposes.The purchase and use of equipment or services for personal or consumer use is strictly prohibited.Accordingly, the provisions of consumer protection law shall not apply, and the Client expressly acknowledges and accepts this.The Client is presumed to be engaged in the cryptocurrency mining sector and to act as a professional, equivalent in status to ForMining Space.
Article 17 : Account Registration
Account registration on the platform is free of charge. Any user wishing to access services must:Have a valid email address;Provide the required documentation;Meet the minimum investment threshold set at the time of subscription;Acknowledge and understand the risks associated with investment.Access to services is subject to approval. Account validation is carried out by the ComplianceDepartment, which reviews the Client’s information in accordance with anti-money laundering and counter-terrorist financing (AML/CFT) regulations.The Compliance Department reserves the right to approve or reject any account application without obligation to justify its decision.
17.0.1 Required Documents and Information
Account creation is strictly personal and non-transferable. Each Client may hold one personal account and, if applicable, one business account, provided different email addresses and payment methods are used. The minimum age for registration is 18 years.During registration, the Client must create a secure password. Passwords must be at least 12 characters long and include uppercase and lowercase letters, numbers, and special characters.Any failure to meet this requirement shall be the Client’s sole responsibility.The Client must provide all necessary information and documents to verify identity and validate the account and ensure their accuracy.
For Individual Clients (natural persons):
Indicative list (subject to regulatory requirements):
- Valid government-issued ID
- Photograph (selfie or liveness check)
- Valid email address
- Mobile phone number
- Proof of address
-Additional financial information (income, occupation, assets) may be requested in some cases.
For Corporate Clients (legal entities):
Indicative list (subject to corporate structure):
- Excerpt from business registry (dated within 3 months)
- Company’s articles of association
- Register of beneficial owners
- Bank account details (IBAN)
- ID and proof of residence of the legal representative and any shareholder owning 25% or more
17.0.2 Updating Personal Information
The Company may request updated documents at any time, including additional justifications (e.g.,source of funds, income verification, digital asset transactions), to remain compliant with applicable regulations. Periodically, the Client may be asked to confirm the validity of their information, particularly their residence address.The Client must notify the Compliance Department of any changes in residence, phone number, professional or financial situation, or any factor affecting eligibility for services.Certain sensitive data (e.g., bank details, two-factor authentication settings) may only be modified after specific verification procedures and documentation.
17.0.3 Account Creation Restrictions
The Company enforces international compliance standards and risk management policies. Accessmay be denied to individuals residing in sanctioned countries or restricted jurisdictions, based on the Company’s internal policy.The list of restricted countries is subject to change without notice, in response to regulatorychanges or internal compliance decisions.If an account is suspended for compliance reasons, the Company shall not be liable for anyconsequences related to the termination of the commercial relationship.
Article 18 : Early Termination Policy
In the event of the Client’s failure to fulfill contractual obligations, the Company reserves the right to terminate the contract without prior notice.The Client shall be refunded for any services not rendered, on a pro-rata basis, less applicable administrative or compensation fees.
Article 19 : Account Management in Case of Death
In the event of the Client’s death, the Company will freeze the account until receipt of the following legal documents:
- Death certificate;
- Certificate of inheritance or succession;
- Bank details (IBAN) of the notary in charge or the sole heir.
If there is a sole heir:
The deceased Client’s account will be closed and any remaining funds will be transferred to the notarial office or directly to the designated heir’s bank account.A new account may be opened in the heir’s name, subject to compliance with the service access requirements.
If there are multiple heirs:
The account will be closed, and the funds transferred to the notary’s account or distributed among the heirs according to the instructions provided by the notary.Each heir may open an individual account, provided they meet the eligibility and minimum investment requirements.
Article 20 : Limitation of Liability Regarding Market Fluctuations
20.0.1 The Company shall not be held liable for fluctuations in the cryptocurrency markets, exchange rates, or electricity prices, except where otherwise expressly stated in the specific terms of the contract.
20.0.2 The Client acknowledges and assumes full financial responsibility for all risks related to fluctuations in the value of cryptocurrencies, including volatility in mining rewards.
20.0.3 The Company undertakes to inform the Client of any significant changes affecting operational costs or market conditions. However, it shall not be liable for financial losses resulting from unpredictable external factors.
Article 21: Tax Provisions
The Company does not provide tax advice and shall not be involved in managing the Client’s tax obligations. Taxation of gains and any applicable tax benefits are determined by the regulations in force in theClient’s country of residence and their personal financial situation.It is the Client’s sole responsibility to consult a tax advisor or relevant authorities to ensure compliance with tax obligations.The Company shall not be held liable for any consequences resulting from failure to report or comply with applicable tax laws.
Article 22 : Fraud and Cybersecurity Protection
22.0.1 The Company implements enhanced security measures to protect its systems and services from cyberattacks, hacking, and fraudulent activities.
22.0.2 The Client must immediately report any suspicious behavior or unusual activity related to their equipment or online services.
22.0.3 In the event of a service compromise caused by an attack or breach, the Company commits to restoring operations as quickly as possible. However, unless gross negligence is proven, theCompany shall not be held liable for any resulting losses.
Article 23 : Non-Compete Clause
23.0.1 For the duration of the contract and for twelve (12) months following its termination, theClient agrees not to directly or indirectly create or develop any competing business in the cryptocurrency mining sector, whether using the same infrastructure or alternative ones.
23.0.2 This non-compete obligation is geographically limited to the territories in which theCompany operates mining facilities. In the event of breach, the Company may claim compensation proportionate to the damage suffered.
Article 24 : Reference Energy Pricing – USA Natural Gas or Hydro-Québec (Canada)
The energy costs under this contract are indexed to either:
- The natural gas futures contract (NYMEX) for the USA, specifically referencing delivery at theHenry Hub in Louisiana, a benchmark point for U.S. gas pipeline systems;
- The electricity rates published by Hydro-Québec, the main hydroelectric provider in Québec,Canada.
Adjustment Frequency:Energy prices shall be adjusted annually based on the official rates published for large industrial consumers in the respective reference index.
Rate Publication:Hydro-Québec rates are published on its official website and shall serve as the benchmark for calculating electricity costs for equipment hosted in Canada. Any variation will directly reflect changes in the Hydro-Québec index.
Article 25 : Mise en pause ou arrêt des machines de minage
ForMining Space provides mining infrastructure optimized for continuous and high-performanceoperation. Equipment must operate without interruption, except during technical maintenance or inthe event of failure beyond the Company’s control.
25.0.1 Long-Term Operation: The Client acknowledges that mining relies on an economic modelrequiring operational continuity to ensure long-term profitability.Temporary market fluctuations do not justify the suspension or interruption of deployed miningmachines.
25.0.2 Technical and Contractual Constraints: The Client accepts that the mining infrastructure is designed for uninterrupted operation and that shutdowns carry technical and financial consequences, including but not limited to:
- Energy optimization and calibrated resource allocation for continuous usage;
- Binding agreements with energy suppliers and hosting partners requiring service continuity;
- Specific wear characteristics of ASIC mining hardware requiring prolonged operation for optimal lifespan;
- Fixed infrastructure costs (maintenance, cooling, storage), regardless of machine status;
- Complexity and added costs associated with restarting stopped machines.
25.0.3 Voluntary Shutdowns:
Any voluntary shutdown initiated by the Client outside of explicitly authorized scenarios shall result in decommissioning of the equipment.As a result, the Client shall not be entitled to reactivation, refund, or compensation.The Company may revise this policy at its discretion and notify the Client of any new procedures that may offer alternative options.
25.0.4 Acceptance of Terms:
The Client acknowledges and unconditionally accepts this clause.Any shutdown request will be treated as a partial termination of service for the relevant equipment, with all applicable consequences.
Article 26 : Governing Law and Jurisdiction
26.0.1 Governing Law: All sales and services performed by For Mining Limited shall be exclusively governed by the laws in force in the Hong Kong Special Administrative Region.
26.0.2 Jurisdiction: In the event of any dispute, claim, or legal proceedings relating to this contract, exclusive jurisdiction shall lie with the courts of Hong Kong. No other jurisdiction shall apply, unless otherwise agreed in writing by both parties.
26.0.3 Langue du contrat :Contract Language: This contract is drafted in English. In the event of a dispute, the English version shall be the legally binding reference before the Hong Kong courts for the interpretation of contract terms.
Contract: For Mining Limited
This contract sets forth the general terms and conditions of sale for the ForMining Space service.It is issued via the ForMining Space platform through the Client’s personal account and accepted online by the Client upon purchasing our service directly via their user interface, by ticking the acceptance checkbox.
These General Terms and Conditions define the legal framework governing the use of theForMining Space platform and the services provided by the Company, as well as the terms of access and use of the Service. They apply to all Clients, regardless of their country of residence.
These Terms and Conditions are accessible at all times on the website under the “Terms andConditions” section and supersede any previous version concluded with ForMining Space. They are globally applicable and drafted in French, which shall prevail over any translation in the event of a discrepancy in interpretation.
Registration to the services and use of the platform implies full and unconditional acceptance of these General Terms and Conditions. When registering via the dedicated form, the Client must expressly accept them by ticking the following box:
"By checking this box, I acknowledge that I have read and accepted the present Terms andConditions."
The risks associated with investments in digital assets are also detailed in the “Documents”section, which provides a non-exhaustive list of risk factors.
If the Client does not accept these conditions, access to the services of ForMining Space will be denied.The Company reserves the right to amend these Terms and Conditions at any time. The new provisions shall become effective upon notification and publication on the website.
Should any provision of these Terms and Conditions be declared invalid under applicable laws, regulations or by a final court ruling, the remaining provisions shall remain in full force and effect.
Each Client’s account is associated with a unique order number that defines the terms of the contract, including:
- The type and quantity of mining machines selected;
- The chosen electricity option (USA or CANADA);
- The terms of electricity billing;
- The subscribing client via their unique account ID;
- The subscription date.
All order details are available on the platform under the corresponding order. A unique invoice is also generated for each contract.
All documents—order number, invoice, and contract (GTCs)—are accessible within the Client’s account on the ForMining Space platform. These may be consulted at any time by either party via the platform or by contacting: contact@for-mining.com.
Article 1: Scope of the “ForMining Space” Service
1.0.1 The ForMining Space service includes the following deliverables:Access to the selected machine’s performance;Performance guarantee;Online client account with reward tracking;Online maintenance in case of service-related issues.
1.0.2 The Service also comprises:- Regular maintenance of hardware and software;- Network, server, and electrical system monitoring;- Replacement of defective components (excluding customer-owned equipment but necessary for its operation);- Ongoing monitoring and security of all hardware.
1.0.3 Any equipment purchased through the ForMining Space service is covered by an 18-month warranty, except for machines dedicated to mining DOGE, which are covered for 9 months only.All other repair services, component replacements, or troubleshooting not covered by the warranty shall be billed on an hourly (non-divisible) basis, subject to prior quote and Client approval.In the event of a critical issue rendering a machine irreparable (e.g., theft, fire, or failure of a keycomponent), ForMining Space guarantees a prorated reimbursement of the machine’s purchase price based on a depreciation schedule of 36 months.For DOGE mining equipment, the prorated refund will be based on a 12-month depreciation period.
Article 2 : Effective Date of the Contract
2.0.1 This Contract is entered into for a period of one (1) year starting from the equipment’s commissioning date. It shall automatically renew unless a specific amendment regarding pricingand electricity costs is issued, as outlined in Article 3.
2.0.2 The Contract shall be activated no later than two (2) business days after full payment has been received.If physical delivery is required, activation shall occur no later than fourteen (14) business days after all items have been received.
Article 3 : Financial Terms
3.0.1 The Service fee, defined as the energy billing amount, is invoiced monthly in advance. The electricity rate is fixed according to the chosen hosting site at the time of contract execution and may be adjusted at renewal following email notification at least sixty (60) calendar days in advance. In the event of rejection of the new terms, the Client may terminate the contract in accordance with the cancellation terms set forth herein.For the “USA” option, the electricity performance rate is fixed at $0.05 per kWh during the first year.This rate is guaranteed and non-adjustable during this period.For the “CANADA” option, the electricity performance rate is fixed at $0.07 per kWh during the first year. This rate is also guaranteed for the period.After the first year, the Provider reserves the right to adjust electricity costs. The Client will be notified of the new rates at least 30 days before the contract anniversary and will have 30 days to accept or decline them.
3.0.2 The Company reserves the right to pass on to the Client, without delay, any new energy taxes, changes in existing taxes, or regulated electricity tariffs imposed by the referenced energy supplier for the “ForMining Space” service.
3.0.3 When physical shipment of equipment is required, a fixed shipping fee per unit (including customs duties) will be charged to the Client. The amount will be communicated at the time ofordering. Orders placed via the ForMining Space service are exempt from customs fees fordelivery to the designated hosting center.
Article 4 : Invoicing
4.0.1 Monthly Billing: Maintenance and electricity reference services shall be invoiced monthly. Aninvoice will be sent to the Client each month, and payment must be made within ten (10) businessdays from the invoice issue date. If payment is made by bank transfer, the associated transactionfees shall be borne by the Client. To avoid such fees, payment in cryptocurrency is recommended.Advance Payment: The Client agrees to pay the monthly invoice in advance for the upcomingservice period. The invoice amount will be based on the reference electricity consumption of theequipment and the current maintenance fees.
4.0.2 Breakdown of Fees:
Electricity:The total electricity charge will be calculated based on the reference consumption in kilowatt-hours(kWh) of the selected equipment, multiplied by the applicable rate (e.g., $0.05/kWh).Hosting Fees:These include access to the infrastructure, security of the facilities, regular maintenance of the hardware, and access to the online dashboard for mining performance monitoring.No Upfront Fees:Unless otherwise specified in the quotation, no initial fee related to the setup or commissioning of the service shall be charged.
Article 5 :Energy Cost Adjustments
Revision Notice:
The Provider shall notify the Client of any revised energy rates by way of an amendment at least thirty (30) days before the end of the first contract year. The Client may either accept the revised terms or terminate the contract. Should the amendment be declined, the contract will expire on the first anniversary date with no additional charges.
Renewal Terms:
If the Client accepts the amendment, the contract will be renewed for an additional one (1) year under the revised energy pricing.
Article 6 : Maintenance
6.0.1 The Company may schedule technical, platform, electrical, network, or infrastructure maintenance and development operations which may temporarily disrupt services.
6.0.2 The Company commits to ensuring that the cumulative service interruptions due to correctiveor progressive maintenance do not exceed twenty (20) days per year. In the event of downtime, thelease amount will be deducted pro-rata from the following month's invoice or compensated via thetoken associated with the selected machine.
Article 7 : Service Level Commitments
The Company guarantees 90% service availability and operational performance for the selected machine.
Article 8 : Duration and Termination
8.0.1 Contract Term: This Contract shall enter into force upon the initial activation of the Client’s service and shall remain effective for a period of one (1) year, renewable automatically by tacit agreement. Termination by the Client must be submitted in writing with a notice period of thirty (30)calendar days.
8.0.2 Termination for Cause: Either Party may terminate this Contract by written notice in the event of:
- a material breach that is not curable;
- a material breach that is not remedied within ten (10) calendar days of written notice;
- a serious violation of applicable laws by the other Party.
8.0.3 Return of Equipment: Upon termination or cancellation, the Client shall bear the cost of returning the equipment. Failing this, the Company may consider the equipment abandoned and assume ownership.
8.0.4 Waiver of Withdrawal Right – Hong Kong Law:Pursuant to the laws of the Hong Kong Special Administrative Region, including the TradeDescriptions Ordinance (Cap. 362) and the Sale of Goods Ordinance (Cap. 26), no right of withdrawal applies to contracts for services that have been fully performed before the expiry of any withdrawal period, provided performance began with the Client’s express prior consent.By subscribing to the services of For Mining Limited and consenting to immediate execution, theClient expressly waives any right of withdrawal or refund once performance has commenced.This clause notably applies to:machine activation, account setup, access to the online platform, and any other services requiring immediate activation.Upon order confirmation and the start of service delivery, no cancellation or refund shall be granted, except in the case of proven failure by the Company to fulfill its legal or contractual obligations. The Client remains entitled to resell the mining equipment to a third party, subject to the transfer of ownership conditions set forth in the contract and the obligation to inform the Company of the change of ownership.
Article 9 : Packaging and Transportation
9.0.1 The Client is responsible for all transportation-related costs, including damages, loss, customs delays, and storage fees.
9.0.2 Under the "ForMining Space" service, the Company is responsible for transport to the hosting site when required. For Mining Limited shall not be held liable for any loss or damage during the return transit to the Client’s residence.
9.0.3 If applicable, all packaging materials must be returned within thirty (30) days from the start of the contract. If not returned within this period, packaging will be recycled. Upon Client request, packaging may be retained for potential return shipment.
Article 10 : Payment Terms
10.0.1 Payments shall be made in euros (EUR) or in digital assets supported by the Client interface and shall be net of any withholding or deductions. The prices specified in the contract are exclusive of taxes.
10.0.2 The Client agrees to pay the monthly invoice on the first (1st) day of each month, in accordance with the agreed payment terms. The invoice is based on the Euro-Dollar (or other applicable currency) exchange rate of the previous month.
10.0.3 Prices in euros (or any other currency) shall be calculated based on the applicable exchange rate on the last business day of the preceding month. The Company reserves the right to adjust the monthly fees accordingly.
10.0.4 Any payment default will result in the immediate suspension of services. The Company reserves the right to terminate the Contract if payment is not received within fifteen (15) days following formal notice.
10.0.5 For Mining Limited offers highly competitive pricing on selected mining machines. Payment must be received within forty-eight (48) hours following the Client's signature in order to secure the quoted price. If payment is not received within this timeframe, ForMining Space reserves the right to adjust the price of the selected machine.
10.0.6 In case of any change in pricing or payment terms, the Company will notify the Client at least thirty (30) days prior to the effective date of the new terms.
Article 11 : Data Privacy
11.0.1 The Company undertakes to protect the confidentiality of the Client’s personal data in accordance with applicable laws and regulations.
11.0.2 Data collected under this Contract shall only be used for contract management and to improve the quality of the services provided. The Company commits to processing the data of SiteUsers and Clients lawfully, fairly, and transparently, in accordance with the General Data Protection Regulation (GDPR) and the French Data Protection Act (Law No. 78-17 of January 6, 1978).Under these laws, the User has the right to access, rectify, delete, and object to the processing of their personal data.This right may be exercised by email at: contact@for-mining.com.
11.0.3 No personal data will be shared with third parties without the Client’s prior consent, except where required by law or where necessary to ensure proper service operation.
Article 12 : Liability
12.0.1 The Company shall not be held liable for indirect or consequential damages, including dataloss, profit loss, or business interruption, arising from the use or inability to use the service, unless such damages result from gross negligence or willful misconduct.
12.0.2 In no event shall the Company’s liability exceed the total amount paid by the Client for the services provided during the contract year preceding the claim.
12.0.3 The Company shall not be held liable for service interruptions caused by force majeure events, as defined in Article 13.
12.0.4 The information provided on the platform and application is for informational purposes only and is based on sources deemed reliable. However, ForMining Space does not guarantee the completeness, accuracy, or absence of omissions in the published content. Although the content is updated regularly, it has no contractual value. The Company shall not be liable for regulatory or administrative changes occurring after publication, or for how users interpret or act upon such information.Users access, use, or download content from the platform or application at their own risk.ForMining Space shall not be liable for any damage, including from viruses or harmful components that may affect user equipment.The Company shall not be liable for any force majeure events or unforeseeable circumstances beyond its control, including third-party interventions affecting the platform’s proper functioning.
12.0.5 Past performance is not indicative of future results. Return projections provided to the Client are based on current and historical investment performance; future earnings may fluctuate.Potential earnings are directly influenced by operating costs, which themselves depend on the volatility of digital asset markets and exchange rates.The Company shall not be liable for gain variations or financial losses resulting from, but not limited to, the following factors:
- Digital asset market volatility, including price fluctuations and their correlation with fiat currencies;
- Technological developments affecting mining algorithms, protocols, and consensus mechanisms;
- Mining difficulty changes impacting profitability;
- Adjustments in mining rewards (e.g., Bitcoin halving) and their consequences;
- Client decisions (e.g., reinvestment, liquidation, or cessation of activity);
- Regulatory or legislative changes impacting service provision (e.g., government restrictions or tax egulations);
- Temporary or permanent unavailability of hosting sites. The Company will strive to relocate equipment if possible; relocation costs will be prorated and charged to the Client;Service interruptions due to maintenance, during which no electricity fees will be charged;Any indirect financial, legal, or commercial consequences from using the service, whether fromClient actions or external events.
Article 13 : Force Majeure
13.0.1 The Company shall not be held liable for any failure or delay in the performance of its obligations caused by events beyond its reasonable control, including but not limited to natural disasters, armed conflict, strikes, network failures, cyberattacks, sophisticated hacking attempts, or energy supplier outages.
13.0.2 In the event of force majeure, the Company’s obligations shall be suspended for the duration of the event, and the contract term shall be extended by a period equivalent to the suspension.
Article 14 : Intellectual Property
14.0.1 All intellectual property rights related to services, software, systems, or technologies made available under this contract remain the exclusive property of the Company or its licensors.14.0.2 The Client may only use such elements as strictly necessary for the performance of the contract and shall not reproduce, modify, or distribute them without the Company’s prior written consent.
Article 15 : Dispute Resolution
15.0.1 Amicable Settlement:
In the event of any dispute arising out of or relating to the execution or interpretation of this contract, the Parties shall endeavor to resolve the matter amicably within thirty(30) days of written notification of the dispute by either Party.
15.0.2 Jurisdiction:
If no amicable solution is reached, the dispute shall be submitted to the competent courts in accordance with the jurisdiction clause set forth in Article 26.
Article 16 : Terms of Use for Online Services
16.0.1 The Client agrees to comply with the terms of use applicable to the online services provided by the Company for mining performance tracking and account management.
16.0.2 Access to these services is secured by personal login credentials. The Client is responsible for maintaining the confidentiality of these credentials and must notify the Company immediately in the event of any compromise.
16.0.3 The Company reserves the right to suspend or restrict access to online services in the event of a breach of these terms of use or for maintenance purposes.
16.0.4 These General Terms and Conditions of Sale apply exclusively to the purchase of ASIC hardware and/or services by the Client for professional purposes.The purchase and use of equipment or services for personal or consumer use is strictly prohibited.Accordingly, the provisions of consumer protection law shall not apply, and the Client expressly acknowledges and accepts this.The Client is presumed to be engaged in the cryptocurrency mining sector and to act as a professional, equivalent in status to ForMining Space.
Article 17 : Account Registration
Account registration on the platform is free of charge. Any user wishing to access services must:Have a valid email address;Provide the required documentation;Meet the minimum investment threshold set at the time of subscription;Acknowledge and understand the risks associated with investment.Access to services is subject to approval. Account validation is carried out by the ComplianceDepartment, which reviews the Client’s information in accordance with anti-money laundering and counter-terrorist financing (AML/CFT) regulations.The Compliance Department reserves the right to approve or reject any account application without obligation to justify its decision.
17.0.1 Required Documents and Information
Account creation is strictly personal and non-transferable. Each Client may hold one personal account and, if applicable, one business account, provided different email addresses and payment methods are used. The minimum age for registration is 18 years.During registration, the Client must create a secure password. Passwords must be at least 12 characters long and include uppercase and lowercase letters, numbers, and special characters.Any failure to meet this requirement shall be the Client’s sole responsibility.The Client must provide all necessary information and documents to verify identity and validate the account and ensure their accuracy.
For Individual Clients (natural persons):
Indicative list (subject to regulatory requirements):
- Valid government-issued ID
- Photograph (selfie or liveness check)
- Valid email address
- Mobile phone number
- Proof of address
-Additional financial information (income, occupation, assets) may be requested in some cases.
For Corporate Clients (legal entities):
Indicative list (subject to corporate structure):
- Excerpt from business registry (dated within 3 months)
- Company’s articles of association
- Register of beneficial owners
- Bank account details (IBAN)
- ID and proof of residence of the legal representative and any shareholder owning 25% or more
17.0.2 Updating Personal Information
The Company may request updated documents at any time, including additional justifications (e.g.,source of funds, income verification, digital asset transactions), to remain compliant with applicable regulations. Periodically, the Client may be asked to confirm the validity of their information, particularly their residence address.The Client must notify the Compliance Department of any changes in residence, phone number, professional or financial situation, or any factor affecting eligibility for services.Certain sensitive data (e.g., bank details, two-factor authentication settings) may only be modified after specific verification procedures and documentation.
17.0.3 Account Creation Restrictions
The Company enforces international compliance standards and risk management policies. Accessmay be denied to individuals residing in sanctioned countries or restricted jurisdictions, based on the Company’s internal policy.The list of restricted countries is subject to change without notice, in response to regulatorychanges or internal compliance decisions.If an account is suspended for compliance reasons, the Company shall not be liable for anyconsequences related to the termination of the commercial relationship.
Article 18 : Early Termination Policy
In the event of the Client’s failure to fulfill contractual obligations, the Company reserves the right to terminate the contract without prior notice.The Client shall be refunded for any services not rendered, on a pro-rata basis, less applicable administrative or compensation fees.
Article 19 : Account Management in Case of Death
In the event of the Client’s death, the Company will freeze the account until receipt of the following legal documents:
- Death certificate;
- Certificate of inheritance or succession;
- Bank details (IBAN) of the notary in charge or the sole heir.
If there is a sole heir:
The deceased Client’s account will be closed and any remaining funds will be transferred to the notarial office or directly to the designated heir’s bank account.A new account may be opened in the heir’s name, subject to compliance with the service access requirements.
If there are multiple heirs:
The account will be closed, and the funds transferred to the notary’s account or distributed among the heirs according to the instructions provided by the notary.Each heir may open an individual account, provided they meet the eligibility and minimum investment requirements.
Article 20 : Limitation of Liability Regarding Market Fluctuations
20.0.1 The Company shall not be held liable for fluctuations in the cryptocurrency markets, exchange rates, or electricity prices, except where otherwise expressly stated in the specific terms of the contract.
20.0.2 The Client acknowledges and assumes full financial responsibility for all risks related to fluctuations in the value of cryptocurrencies, including volatility in mining rewards.
20.0.3 The Company undertakes to inform the Client of any significant changes affecting operational costs or market conditions. However, it shall not be liable for financial losses resulting from unpredictable external factors.
Article 21: Tax Provisions
The Company does not provide tax advice and shall not be involved in managing the Client’s tax obligations. Taxation of gains and any applicable tax benefits are determined by the regulations in force in theClient’s country of residence and their personal financial situation.It is the Client’s sole responsibility to consult a tax advisor or relevant authorities to ensure compliance with tax obligations.The Company shall not be held liable for any consequences resulting from failure to report or comply with applicable tax laws.
Article 22 : Fraud and Cybersecurity Protection
22.0.1 The Company implements enhanced security measures to protect its systems and services from cyberattacks, hacking, and fraudulent activities.
22.0.2 The Client must immediately report any suspicious behavior or unusual activity related to their equipment or online services.
22.0.3 In the event of a service compromise caused by an attack or breach, the Company commits to restoring operations as quickly as possible. However, unless gross negligence is proven, theCompany shall not be held liable for any resulting losses.
Article 23 : Non-Compete Clause
23.0.1 For the duration of the contract and for twelve (12) months following its termination, theClient agrees not to directly or indirectly create or develop any competing business in the cryptocurrency mining sector, whether using the same infrastructure or alternative ones.
23.0.2 This non-compete obligation is geographically limited to the territories in which theCompany operates mining facilities. In the event of breach, the Company may claim compensation proportionate to the damage suffered.
Article 24 : Reference Energy Pricing – USA Natural Gas or Hydro-Québec (Canada)
The energy costs under this contract are indexed to either:
- The natural gas futures contract (NYMEX) for the USA, specifically referencing delivery at theHenry Hub in Louisiana, a benchmark point for U.S. gas pipeline systems;
- The electricity rates published by Hydro-Québec, the main hydroelectric provider in Québec,Canada.
Adjustment Frequency:Energy prices shall be adjusted annually based on the official rates published for large industrial consumers in the respective reference index.
Rate Publication:Hydro-Québec rates are published on its official website and shall serve as the benchmark for calculating electricity costs for equipment hosted in Canada. Any variation will directly reflect changes in the Hydro-Québec index.
Article 25 : Mise en pause ou arrêt des machines de minage
ForMining Space provides mining infrastructure optimized for continuous and high-performanceoperation. Equipment must operate without interruption, except during technical maintenance or inthe event of failure beyond the Company’s control.
25.0.1 Long-Term Operation: The Client acknowledges that mining relies on an economic modelrequiring operational continuity to ensure long-term profitability.Temporary market fluctuations do not justify the suspension or interruption of deployed miningmachines.
25.0.2 Technical and Contractual Constraints: The Client accepts that the mining infrastructure is designed for uninterrupted operation and that shutdowns carry technical and financial consequences, including but not limited to:
- Energy optimization and calibrated resource allocation for continuous usage;
- Binding agreements with energy suppliers and hosting partners requiring service continuity;
- Specific wear characteristics of ASIC mining hardware requiring prolonged operation for optimal lifespan;
- Fixed infrastructure costs (maintenance, cooling, storage), regardless of machine status;
- Complexity and added costs associated with restarting stopped machines.
25.0.3 Voluntary Shutdowns:
Any voluntary shutdown initiated by the Client outside of explicitly authorized scenarios shall result in decommissioning of the equipment.As a result, the Client shall not be entitled to reactivation, refund, or compensation.The Company may revise this policy at its discretion and notify the Client of any new procedures that may offer alternative options.
25.0.4 Acceptance of Terms:
The Client acknowledges and unconditionally accepts this clause.Any shutdown request will be treated as a partial termination of service for the relevant equipment, with all applicable consequences.
Article 26 : Governing Law and Jurisdiction
26.0.1 Governing Law: All sales and services performed by For Mining Limited shall be exclusively governed by the laws in force in the Hong Kong Special Administrative Region.
26.0.2 Jurisdiction: In the event of any dispute, claim, or legal proceedings relating to this contract, exclusive jurisdiction shall lie with the courts of Hong Kong. No other jurisdiction shall apply, unless otherwise agreed in writing by both parties.
26.0.3 Langue du contrat :Contract Language: This contract is drafted in English. In the event of a dispute, the English version shall be the legally binding reference before the Hong Kong courts for the interpretation of contract terms.
