High net value investors can now benefit bearing to suppositional bitcoin mining by what’s being billed as a world’s initial “bitcoin mining fund”.
Logos Fund, a Regulation D offering, is positioning itself as an choice products like a Bitcoin Investment Trust (BIT), a private investment car launched by Digital Currency Group CEO Barry Silbert, by formulating an charity that blends bitcoin mining with buy-and-hold investing.
The account was created by Marco Streng, owner of hosted cloud mining association Genesis Mining. Logos Fund handling partners embody Björn Tilmann Arzt, tellurian conduct of structured collateral markets during UniCredit, and Dr. Florian Putzka, comparison authorised veteran during UniCredit, yet a Italian financial organisation is itself not directly involved.
Streng pronounced that a account aims to be a “safe vehicle” for investment in bitcoin, and that his hosted mining firm, Genesis Mining, will offer as a Logos Fund’s initial partner.
Strong told CoinDesk:
“Mining can be profitable, though we have to have a right infrastructure, lowest electricity prices. We wish to use all the imagination and infrastructure to capacitate outmost investors to precedence on bitcoin.”
Genesis Mining offers a use typically called hosted bitcoin mining, or cloud mining, in which