Together with the Swiss investment company Final Frontier, mining giant Bitfury announces the launch of a joint crypto-fund this week. In the future, Liechtenstein’s main aim is to stimulate the interest of institutional investors in the industry. Meanwhile, observers currently rate the timing of mining investments as favorable.
High electricity prices, strict conditions, logistical challenges, fluctuating yields – Bitcoin mining is constantly fraught with high hurdles and uncertainties worldwide. For a long time, these insurance companies and banks stopped using their money to mine new Bitcoin.
The Dutch mining giant Bitfury wants to meet this now and open the door for investors in the often seemingly mysterious business. This Wednesday, April 24, the company announced together with the Swiss investment company Final Frontier the launch of a joint mining fund. This is to enable investors to participate in the success of Bitfury-operated mining facilities.
As it says in a joint press release, Bitfury wants to lure them with the “world’s lowest electricity and operating costs”.
The size of the fund and the immediate possibilities of the investment left both companies open at times. What is certain, however, is that the fund should be located in the tiny state of Liechtenstein and can already count on the blessing of the responsible tax authorities.