Genesis Mining Launches First Bitcoin Mining Fund
Genesis Mining, which provides computer equipment to create bitcoins in the cloud, has launched the world’s first fund that invests in hardware used to create the digital currency, according to Reuters. The company said it registered the fund, called the Logos Fund, with the Securities and Exchange Commission and will invest $ 1 million in it. The fund will issue “pooled investment fund interests” to investors in an offering expected to last more than a year. Marco Streng, co-founder and CEO, said investors have expressed an interest in putting in $100 million. The minimum investment for....
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Genesis Mining, a well-known Bitcoin mining service, has announced the launch of the first Bitcoin Mining Fund. The fund, known as Logos Fund, is the first SEC-registered Reg D fund, and has already gathered over $100 million USD in interest from both investment groups and individuals. Genesis Mining has committed $1 million of their own capital to seed the fund and enable growth. The Genesis Mining Fund. Genesis Mining CEO Marco Streng told Bitcoinist: “After receiving over $100,000,000 in inquiries from large-scale private investors and investment funds, we decided to launch an....
Genesis Mining, the world’s largest Bitcoin cloud mining provider, has announced the launch of the world’s first regulated Bitcoin mining fund. The fund, to be called Logos Fund, has officially filed its Form D with the SEC. According to the fund’s website, the fund will also allow investors to gain exposure to bitcoins directly (in addition to Bitcoin mining operations). According to Genesis Mining, the company has received more than $100 million in inquiries involving Bitcoin mining over the past two years. While many Bitcoin enthusiasts have purchased their own equipment and started....
Bitcoin cloud mining provider Genesis Mining has announced they will be launching the world’s first Bitcoin mining fund, called Logos Fund. This fund will allow investors to become a part of Bitcoin, without having to get involved with mining or buying the cryptocurrency through an exchange. Similarly to how Bitcoin ETFs allow investors to get involved....
Spondoolies-Tech is entering the cloud mining market by joining forces with Genesis Mining. The news is big as Guy Corem of Spondoolies has been very vocal about many cloud mining companies being a scam. Guy also does not believe in self-mining as he feels it is immoral to compete with your customers for the Bitcoin rewards. Marco Streng of Genesis Mining is also very positive about the new partnership. As one of the remaining cloud mining services, Genesis Mining has been sticking it out during the recent BTC value drop. They have even gone so far as to allow their customers to exchange....
The round led by investment firm Paradigm will fund the expansion of Genesis' bitcoin mining operations in the U.S. and Nordics.