Investment firm SkyBridge Capital applied SEC Starting a fund to invest in the cryptocurrency mining business.
SkyBridge BTC Mining raises $7.04M
Limited partnership form was chosen for the structure. According to CoinDesk sources, its participants will direct funds to co-finance the purchase of mining equipment for Genesis Digital Assets.
In September 2021, SkyBridge Capital joined the firm’s $431 million investment round.
Shares of mining companies are included in the assets of the SkyBridge Crypto Industry and Digital Economy ETF and SkyBridge Digital Innovation products launched by SkyBridge Capital. This list includes: Core Scientific, Bitfarms, Marathon Digital, Iris Energy, Riot Blockchain, Hut 8 Mining, Cipher Mining, CleanSpark, and TeraWulf.
Recall that in November 2021, Genesis Digital Assets announced the construction of a 300 MW bitcoin mining center in west Texas (USA).
The firm previously entered into a strategic partnership with Chinese mining equipment manufacturer Canaan.
Source: Fork Log
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