An HNI Governance Checklist for Mining Exposure

Private capital entering mining often underweights governance. Hashrate is one variable. Counterparty concentration, reporting fidelity, physical security, insurance gaps, and exit friction can dominate the outcome. A usable checklist is unglamorous. Who signs for downtime credits. How often independent verification occurs. What happens in a dispute. How proceeds and custody are handled. How the arrangement will be described to family governance. Whether selling Bitcoin to fund machines is actually the right funding path, or whether a BTC-backed credit path with an independent lender is cleaner, or whether neither should proceed. Bitcoin-backed credit belongs on this checklist as a funding question, not as a yield product. NexusArc is not the lender and does not take custody of collateral. Liquidation risk in a drawdown is real. If selling a slice of Bitcoin is cleaner than a loan, that should be said in the room. The work for family offices is exposure design, operator diligence, and language principals can defend. It is not a product tour. Hardware, if approved, can be bought through our miner desk or through a vendor the family already trusts. Advisory judgment stays independent of the catalogue. If the power math fails, we write that down. A written do-not-proceed is a successful engagement.