Genesis Mining, a well-known Bitcoin mining service, has announced the launch of the start Bitcoin Mining Fund. The fund, known as Logos Fund, is the first SEC-registered Reg D fund, in addition to has already gathered over $100 meg USD inwards involvement from both investment groups in addition to individuals. Genesis Mining has committed $1 meg of their ain uppercase to seed the fund in addition to enable growth.
The Genesis Mining Fund
Genesis Mining CEO Marco Streng told Bitcoinist:
“After receiving over $100,000,000 inwards inquiries from large-scale private investors in addition to investment funds, nosotros decided to launch an investment vehicle which would plow over them access to Bitcoin mining infrastructure investments. After half dozen months of evolution alongside our legal team, nosotros are pleased to lastly denote Logos Fund.”
The fund volition live managed by Björn Tilmann Arzt in addition to other members alongside extensive sense inwards fund management in addition to fiscal services law. The Logos Fund is designed for large investors in addition to to render them alongside access to Genesis Mining’s expertise, operations, in addition to discounted hardware inwards lodge to invest inwards Bitcoin inwards a to a greater extent than professional person way. The launch of the Logos Fund could cast the futurity of Bitcoin mining for investors inwards the futurity every bit the manufacture becomes to a greater extent than established in addition to reputable. Registration alongside the SEC to offering securities is a pace inwards the correct management to both promote the integrity in addition to reliability of a fellowship too every bit accept measures to protect investors. With a positive rails record, Genesis Mining is on the correct rails to creating a successful investment selection for large investors to invest inwards the rapid increase of Bitcoin.
In lodge to participate inwards the fund, investors volition demand to invest an unspecified sum that would live locked inwards for a for certain menstruation of time. Rather than ain a cloud-based contract, investors inwards the fund would get got a stake inwards the physical hardware owned yesteryear Genesis Mining.
“We’ve made a habit of listening to our customers in addition to doing what they ask. This is what’s allowed us to accomplish over 100,000 customers inwards only 2 years in addition to what volition brand this fund a success. When you lot have $100 meg worth of inquiries from bigtime investors looking to come inwards the market, you’d live foolish non to brain in addition to produce a solution,” – Marco Streng, Genesis Mining CEO
Through the evolution of the concern in addition to providing over 130,000 customers alongside Bitcoin mining services, the creation of a large SEC registered Reg D fund was possible.
Images via Genesis Mining in addition to Pixabay.
