Leading cloud mining company Genesis Mining has announced the launch of Logos Fund, the world’s first bitcoin mining fund.
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Genesis Mining Launches Logos Fund
The fund, called the Logos Fund, filed Form D with the SEC with the United States Securities and Exchange Commission last week. The Logos fund will serve high net-worth individuals, investment funds and accredited investors.
This fund from Genesis will allow investors to get into bitcoin mining without purchasing and managing their own hardware. They can simply invest in the Logos Fund, which will give them access to Genesis Mining’s “industry expertise, large scale operations, and discounted hardware.”
Genesis Mining will inject the fund with $1 million USD of its own capital to get the fund started. Logos Fund will be managed by Björn Tilmann Arzt and others, who have combined experience of 30 years in fund management and financial services law.
Genesis Mining CEO Marco Streng stated:
“We’ve made a habit of listening to our customers and doing what they ask. This is what’s allowed us to reach over 100,000 customers in just two years and what will make this fund a success. When you receive $100 million worth of inquiries from big-time investors looking to enter the market, you’d be foolish not to listen and build a solution.”
Genesis mining was launched in early 2014, and has always been dedicated to “transparency, community activism, and constant innovation.” The company believes that this dedication has allowed them to “scale faster and more effectively than many other companies in the industry. In November 2015, Genesis reached a milestone of over 100,000 customers. Additionally, during its two years of operation, the company has received over $100 million in inquiries from professional investors.
The cloud mining firm has been featured in several mainstream news publications, including the New York Post, Business Insider, Bloomberg Business and The Economist.
Genesis operates three mining farms located in Europe, America and Asia, but it has not revealed the exact locations of these farms for security reasons. The company also has two mining facilities that offer a livestream to the public. People can watch Genesis Mining operations in real time at the Bitcoin and X11 mining facilities in Iceland.
Name: Paulo Fiorio, Marketing Manager – Genesis Mining
City and Country Location: Hong Kong, China
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Images courtesy of Genesis Mining