Genesis Mining, a Hong Kong-based Bitcoin cloud mining provider, has launched a Bitcoin mining fund.
The Logos Fund, which filed a Form D with the SEC, will cater exclusively to high net worth individuals, investment funds, and accredited investors looking to take part in the Bitcoin ecosystem.
Instead of investing directly into mining by purchasing and managing their own hardware, the investors can invest in the Logos Fund investment vehicle to get direct access to Genesis Mining’s industry expertise, large scale operations, and discounted hardware.
Genesis Mining will seed the fund with $1m of its own capital and will be managed by Björn Tilmann Arzt and other professionals who combined have over 30 years of experience in fund management and financial services law.
The fund will be dedicated to investing into a range of Bitcoin-related businesses, including the mining of Bitcoin as well as into Bitcoins directly, benefiting from different markets and pricing as part of its strategy to achieve optimal results for investors.