SkyBridge Capital will launch a mining-focused fundMathew Chavez
Investment company SkyBridge Capital filed application to SEC to launch a fund that will invest in a cryptocurrency mining business.
SkyBridge BTC Mining raises $7.04 million
The form of limited partnership was chosen for the structure. Its participants will direct funds to co-finance the acquisition of mining equipment for Genesis Digital Assets, according to sources. CoinDesk.
In September 2021 SkyBridge Capital participated in the firm’s investment round for $431 million.
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Shares of mining companies are included in the assets of products launched by SkyBridge Capital SkyBridge Crypto Industry and Digital Economy ETF and SkyBridge Digital Innovation. 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 construction of a bitcoin mining center in western Texas (USA) with a capacity of 300 MW.
Formerly firm entered into a strategic partnership with the Chinese manufacturer of mining equipment Canaan.