{"id":20202,"date":"2019-04-25T16:00:59","date_gmt":"2019-04-25T16:00:59","guid":{"rendered":"http:\/\/ci027cfe70700b26c3"},"modified":"2019-04-25T16:00:59","modified_gmt":"2019-04-25T16:00:59","slug":"final-frontier-and-bitfury-launch-regulated-bitcoin-mining-fund","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/final-frontier-and-bitfury-launch-regulated-bitcoin-mining-fund","title":{"rendered":"Final Frontier and Bitfury Launch Regulated Bitcoin Mining Fund"},"content":{"rendered":"
<\/div>
<\/figure>\n

Following approval from European authorities, Swiss investment firm Final Frontier is partnering with Bitfury Group to launch a regulated bitcoin mining<\/a> fund for personal and institutional investors.<\/p>\n

Bitfury announced<\/a> the partnership on April 24, 2019, describing the project and some of the advantages that this mining fund will offer to investors.<\/p>\n

According to the Bitfury Medium post, the fund will look to introduce more investors to the difficult-to-access world of bitcoin mining \u201cby offering exposure to bitcoin mining via a fully regulated fund in a European jurisdiction, with top-tier service providers.\u201d<\/p>\n

Investors in the fund will help to financially support Bitfury\u2019s various mining farms in locations with the lowest operational costs, the company claims. John Mercurio, Bitfury\u2019s chief communications officer, told Bitcoin Magazine<\/em> that these sites are scattered worldwide and \u201care all operating under the Bitfury brand.\u201d<\/p>\n

Mercurio also mentioned that the fund will require little from investors outside of their capital. After stakeholders \u201csubscribe to the fund,\u201d he explained, Bitfury \u201cmakes the investment\/acquisition and oversees the entire life cycle.\u201d The fund will then pay these investors annually in euros for as long as they choose to participate in it (assuming ongoing profitability).<\/p>\n

In addition to the stipulation that payouts must be in this specific fiat currency, rather than in any particular crypto asset, Mercurio also confirmed that the fund is only open to accredited investors. When asked if the fund has seen preliminary interest from investors, Mercurio would not disclose any information.<\/p>\n

In the Medium post, Bitfury\u2019s CEO Valery Vavilov called this project \u201ca novel way of accessing bitcoin mining opportunities\u201d with a solid path for \u201ccreating financial opportunities and furthering institutional adoption of bitcoin.\u201d<\/p>\n

Final Frontier\u2019s co-founder Imraan Moola concurred, claiming that \u201cnow may be an opportune time to consider investing in bitcoin mining,\u201d per the post.<\/p>\n

With access to Bitfury\u2019s worldwide mining resources, this fund offers an alternative to just hodling bitcoin. While other mining companies offer similar outside investments opportunities, the fund is something of a standout in offering a dedicated mutual fund to this end.<\/p>\n","protected":false},"excerpt":{"rendered":"

Swiss investment firm Final Frontier is partnering with Bitfury Group to launch a regulated bitcoin mining fund for personal and institutional investors. With access to Bitfury\u2019s worldwide mining resources, this fund offers an alternative for bitcoin investors.<\/p>\n","protected":false},"author":2545,"featured_media":20203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[2539,1342,97,297],"class_list":["post-20202","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-bitfury","tag-investment","tag-mining","tag-switzerland"],"author_data":{"id":2545,"name":"Landon Manning","nicename":"landon-manning","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/img_2749-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/final-frontier-and-bitfury-launch-regulated-bitcoin-mining-fund.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2545"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=20202"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20202\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/20203"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=20202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=20202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=20202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}