Genesis Mining, a world’s largest Bitcoin cloud mining provider, has announced a launch of a world’s initial regulated Bitcoin mining fund. The fund, to be called Logos Fund, has strictly filed a Form D with a SEC. According to a fund’s website, a account will also concede investors to benefit bearing to bitcoins directly (in further to Bitcoin mining operations).
Why Start a Bitcoin Mining Fund?
According to Genesis Mining, a association has perceived some-more than $100 million in inquiries involving Bitcoin mining over a past dual years. While many Bitcoin enthusiasts have purchased their possess apparatus and started their possess mining operations in new years, a existence is that this routine is not appealing to many veteran investors.
The Logos Fund is dictated to be a veteran investment car targeted during high net value clients. More specifically, Genesis Mining CEO and co-founder Marco Streng told Bitcoin Magazine, “The account will be permitted on ask for accredited investors.
Investors can accept some-more minute and particular information by only contacting us [directly].”
“When we accept $100 million value of inquiries from big-time investors looking to enter a market, you’d be ridiculous not to listen and build a solution,” Streng said.