Genesis Mining, the world’s largest Bitcoin cloud mining provider, has announced the launch of the world’s first regulated Bitcoin mining fund. The fund, to be called Logos Fund, has officially filed its Form D with the SEC. According to the fund’s website, the fund will also allow investors to gain exposure to bitcoins directly (in addition to Bitcoin mining operations).
Why Start a Bitcoin Mining Fund?
According to Genesis Mining, the company has received more than $100 million in inquiries involving Bitcoin mining over the past two years. While many Bitcoin enthusiasts have purchased their own equipment and started their own mining operations in recent years, the reality is that this process is not attractive to many professional investors.
The Logos Fund is intended to be a professional investment vehicle targeted at high net worth clients. More specifically, Genesis Mining CEO and co-founder Marco Streng told Bitcoin Magazine, “The fund will be accessible on request for accredited investors.
Investors can receive more detailed and individual information by just contacting us [directly].”
“When you receive $100 million worth of inquiries from big-time investors looking to enter the market, you’d be foolish not to listen and build a solution,” Streng said.