Crypto-Drunk Swiss Investment Firm Launches Bitcoin Mining Fund

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A Swiss financial firm is now regulated offering investment opportunities in bitcoin mining. | Source: Shutterstock

Crypto-Drunk Swiss Investment Firm Launches Bitcoin Mining Fund

Ordinarily, institutional investors in the crypto space are usually portrayed as primarily interested in investing only in digital assets. Now, a partnership between blockchain startup Bitfury Group and Swiss investment firm Final Frontier aims to offer institutional and professional investors a way to reap from Bitcoin’s infrastructure too.

In a blog post, the two firms indicated that they have launched a regulated bitcoin mining fund targeting this particular class of investors. The product has been developed by Final Frontier and will be under the supervision of the Financial Market Authority, Liechtenstein’s financial regulator.

With the fund, the ‘technological, logistical, financial and execution risks’ hindering institutions from investing in bitcoin mining have been eliminated.

BARRIERS TO INVESTMENT FOR INSTITUTIONAL CLIENTS GRADUALLY GETTING ABOLISHED

According to Bitfury’s CEO, Valery Vavilov, the bitcoin mining fund will enhance Bitcoin’s appeal among this coveted group of investors:

With this innovative fund, Final Frontier is providing investors with a novel way of accessing bitcoin mining opportunities, creating financial opportunities and furthering institutional adoption of bitcoin.

Bitfury will scout for and operate the mining sites. These sites will ideally be located in areas with ‘some of the lowest electricity and operating costs globally’. The blockchain firm’s current valuation is $1 billion, according to Reuters. Interestingly, Bitfury also owns a minority stake in Final Frontier.

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good news for bitcoin.

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Great sharing 

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Happy mining !

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Good morning

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Suppprt

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