Bitcoin Mining Fund Launched By Bitfury And Final Frontier

News | April 25, 2019 By:

The Bitfury Group, a bitcoin and blockchain technology firm, and Swiss investment firm Final Frontier have partnered to launch a fully regulated bitcoin mining fund designed for institutional and professional investors.

The launch of the bitcoin mining fund, which follows authorization from a European financial regulator, will provide investors with a regulated investment vehicle to gain exposure to bitcoin mining. The fund combines Bitfury’s expertise in hardware development and mining with Final Frontier’s experience in developing and structuring financial products.

“Access to bitcoin mining has traditionally posed technological, logistical, financial and execution risk challenges to institutional investors,” Bitfury said. “The new fund addresses these challenges by offering exposure to bitcoin mining via a fully regulated fund in a European jurisdiction, with top-tier service providers. The fund invests in turnkey assets comprised of mining sites with some of the lowest electricity and operating costs globally that feature state-of-the-art Bitfury datacenters. The sites are scouted and operated by Bitfury.”

George Kikvadze, executive vice-chairman of Bitfury, said the new fund will enable investors to enter and operate in this asset class in a confident and responsible manner.

“This is great news for investors who are looking to strengthen their portfolios, as well as for the global community that understands that digital currencies are becoming an integral part of the financial services industry,” Kikvadze said.

Imraan Moola, co-founder of Final Frontier, said they are launching the fund at an advantageous time for investors.

“With the bitcoin price down significantly from its all-time high, yet institutional interest growing every day, now may be an opportune time to consider investing in bitcoin mining,” Moola said.