One of the oldest miners and suppliers of technology solutions Bitfury Group has launched the program for international institutional investors for investment in infrastructure for mining bitcoin.
Breaking news: Bitfury has launched its institutional investor program, designed to help accredited investors and family offices diversify their portfolios into digital asset infrastructure around the world! Read more in @Forbes @ForbesCrypto: https://t.co/kOx6NPHutB
The Bitfury Group (@BitfuryGroup) May 26, 2020
Family offices and the wealthiest investors can participate in the program, both directly and through private equity funds and other mechanisms. Operational issues, including finding locations, purchasing and deployment of equipment and operation and maintenance will be borne by Bitfury.
Data centers located in North America, Norway, Iceland and the countries of Central Asia can be further converted for other tasks that require serious computing power.
In Bitfury expects that launched the investment program will increase the maturity of the market, giving customers a convenient way of participating in the opportunities of digital assets. The company argued that not all investors fit the current mechanisms in the form of buying futures and options. Many stops higher volatility and risk of loss of funds due to incorrect work with keys and wallets.
«The proposal could get a response from family offices bet on the growth of cryptocurrencies without any operational/technical proficiency requirements by digital assets/infrastructure», — said in an interview the company’s CEO, Valery Vavilov.
In Bitfury believe that the proposal will contribute to greater acceptance of the cryptocurrency among those who took the time in the diversification of investment portfolios and digital assets, as it is required vast knowledge.
«The introduction of institutional proposals, such as the programme Bitfury introduces bitcoin with an influential audience, helping to strengthen it as an asset class and increase support for the further expansion of the network,» — said Vavilov.
We will remind, in April, located in the state of new York hybrid power Generation Greenidge concluded the first adjustable sales contract computing power for mining bitcoin.
Subscribe to the channel ForkLog in YouTube!