In order to launch a fund that will invest in the cryptocurrency mining business, the investment company SkyBridge Capital filed application to the SEC.
In total, SkyBridge BTC Mining raised $7.04 million. The form of a limited partnership was chosen for the structure. All members of the fund will direct funds to co-finance the acquisition of mining equipment for Genesis Digital Assets, according to sources CoinDesk.
Also earlier (in September 2021) SkyBridge Capital participated in firm’s investment round for $431 million
As part of the assets of products launched by SkyBridge Capital SkyBridge Crypto Industry and Digital Economy ETF and SkyBridge Digital Innovation there are shares of mining companies: Core Scientific, Bitfarms, Marathon Digital, Iris Energy, Riot Blockchain, Hut 8 Mining, Cipher Mining, CleanSpark and TeraWulf.
Recall that recently Iran tightens the ban on mining.
And a village in Argentina will begin to fight the crisis thanks to mining.