Legal

Hardware Rental Agreement

Last updated: March 1, 2026 · Neptune Customs LLC

1. Nature of Service

By using the Atlantis platform, you ("Renter") are entering into a Hardware Rental Agreement with Neptune Customs LLC ("Provider"). This agreement governs the rental of computing power — specifically, Bitcoin mining hashrate measured in terahashes per second (TH/s) — from physical ASIC mining hardware owned and operated by the Provider.

This is not an investment, a security, or an equity stake in Neptune Customs LLC.

You are paying for access to a fixed amount of computing output for a specified time period. There is no guaranteed return from this service. Mining outcomes depend entirely on probability and Bitcoin network conditions. This arrangement is a service rental agreement and should not be construed as an "investment contract" under the Howey Test or any similar regulatory framework.

2. Payout Structure

If the mining hardware successfully solves a Bitcoin block during an active rental period, the block reward (currently 3.125 BTC) is earned and divided proportionally among all active renters based on their share of the total 115 TH/s capacity.

Payout calculation:

  • Your proportional share = (Your TH/s ÷ 115 TH/s) × Block Reward
  • Minus a 20% maintenance fee retained by Neptune Customs LLC
  • Minus applicable payment processing fees (PayPal or ACH / Direct Deposit)

All payouts are issued in US Dollars (USD). The Bitcoin reward is converted to USD based on the market exchange rate at the time of processing.

Neptune Customs LLC maintains a transactional ledger recording the USD Fair Market Value of BTC at the moment it is mined (Provider's income) and at the moment of payout (Renter's income).

3. Maintenance Fee

Neptune Customs LLC retains 20% of each payout to cover ongoing operational costs including but not limited to:

  • Electricity and power infrastructure
  • Hardware maintenance, repair, and replacement
  • Internet and network connectivity
  • Facility cooling, security, and insurance
  • Administrative, legal, and compliance costs

4. Compliance & Payout Verification

Rewards will be held in a pending state until the following compliance requirements are satisfied:

01

Tax Documentation

Submit a W-9 (US persons) or W-8BEN (international persons) via our secure digital signature portal.

02

Identity Verification (KYC)

Provide a government-issued photo ID and a selfie for identity verification and OFAC sanctions screening.

03

Sanctions Compliance

All payees are screened against the U.S. Treasury's OFAC Sanctions List. Payouts cannot be issued to sanctioned individuals or entities.

Neptune Customs LLC is required by law to report payouts exceeding $600 in a calendar year to the IRS. A 1099-NEC (US) or 1042-S (international) will be issued as applicable.

5. Reward Forfeiture

If a Renter earns a payout but fails to complete the required compliance verification (W-9/W-8BEN and KYC) within 90 calendar days of the reward being credited, the reward will be forfeited and returned to Neptune Customs LLC.

This policy ensures that earned rewards do not remain in legal limbo and protects both parties from regulatory exposure.

6. Cancellation & Refunds

All rentals are non-refundable. Mining begins immediately upon payment confirmation, and the hardware is reserved exclusively for the Renter during the agreed period.

Pre-orders placed before platform launch may be cancelled and refunded, subject to the following:

  • A 10% cancellation fee will be deducted from the refund amount
  • Any applicable payment processing fees and associated costs will also be deducted
  • Pre-order cancellations must be requested before mining operations commence

7. No Guarantee of Return

Solo Bitcoin mining is inherently probabilistic. Neptune Customs LLC makes no guarantee that a block will be found during any rental period. The rental fee covers the cost of computing power consumed, regardless of mining outcome.

By proceeding with a rental, the Renter acknowledges and accepts this risk.

By renting hashrate through the Atlantis platform, you acknowledge that you have read, understood, and agree to the terms of this Hardware Rental Agreement.

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