SkyBridge Capital to launch mining-focused fund

SkyBridge Capital has filed with the SEC to launch a fund that will invest in a business linked to cryptocurrency mining.

SkyBridge BTC Mining has raised $7.04 million.

The structure will be in the form of a limited partnership. Its participants will commit 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 $431 million investment round.

Shares of mining companies are included among the assets of the launched SkyBridge Capital products 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.

In November 2021, Genesis Digital Assets announced a Bitcoin mining center in western Texas (USA) with a capacity of 300 MW.

Earlier the firm entered into a strategic partnership with the Chinese mining equipment manufacturer Canaan.

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