Bitcoin Press Release: Genesis Mining, the world’s leading Bitcoin cloud mining provider, is pleased to announce the launch of the world’s first Bitcoin mining fund.
The fund, which officially filed Form D with the SEC last week will be called Logos Fund and will cater exclusively to high net worth individuals, investment funds, and accredited investors looking to take part in the rapidly growing Bitcoin ecosystem.
Instead of investors investing directly into mining by purchasing and managing their own hardware, they can invest in the Logos Fund investment vehicle, giving them direct access to Genesis Mining’s industry expertise, large scale operations, and discounted hardware.
Bitcoin and its underlying technology, known as blockchain, has garnered serious interest from major Wall Street banks and Silicon Valley. To date, over $1 billion has been invested into Bitcoin-related startups since 2013, which is being used to establish the infrastructure needed to scale Bitcoin.
Mining is central to Bitcoin’s viability and success. High-powered supercomputers join together to process and record Bitcoin transactions. Bitcoin mining enables the decentralized network functionality that is crucial for Bitcoin to operate.
Since launching in early 2014, Genesis Mining has separated themselves from the competition with their dedication to transparency, community activism,