Blockchain News: Bitcoin mining giant Bitfury launches fund for institutional investors!

Hello dear blog readers and members of NEXUS Global,

Again and again you hear that Bitcoin Mining should not be worthwhile anymore, but in the long run it can just be a very favorable introduction to cryptocurrency mining. The Dutch mining giant Bitfury is sure about this too. In this post we would like to share more information with you.

The original article can be found here:

Bitcoin-Mining-Riese Bitfury startet Fonds für institutionelle Investoren!

Picture Source Shutterstock and BTC-Echo

Together with the Swiss investment company Final Frontier, mining giant Bitfury announces the launch of a joint crypto-fund this week. In the future, Liechtenstein's main aim is to stimulate the interest of institutional investors in the industry. Meanwhile, observers currently rate the timing of mining investments as favorable.

High electricity prices, strict conditions, logistical challenges, fluctuating yields - bitcoin mining is constantly fraught with high hurdles and uncertainties worldwide. For a long time, these insurance companies and banks stopped using their money to mine new Bitcoin.

The Dutch mining giant Bitfury wants to meet this now and investors open the door into the often seemingly mysterious business. This Wednesday, April 24, the company announced together with the Swiss investment company Final Frontier the launch of a joint mining fund. This is to enable investors to participate in the success of Bitfury-operated mining facilities.

The size of the fund and the immediate possibilities of investing left both companies open at times. What is certain, however, is that the fund should be located in the tiny state of Liechtenstein and can already count on the blessing of the responsible tax authorities.

Favorable time for mining investors

In the meantime, Imraan Moola, co-founder of Bitfury's partner, Final Frontier, is convinced that the time is right for mining newcomers and investors:

"Despite the fact that the Bitcoin price has dropped significantly from its all-time high, the institutional interest [in the industry] is increasing every day. Now is a good time to invest in bitcoin mining."

According to analysts, the bitcoin mining break-even point, which is the cost-to-revenue point, is just under $ 3,550 to $ 4,350. In the wake of the ongoing bull run, the current price of more than $ 5,500 prospective miners now promises to earn more than $ 1,000 in profit per bit of Bitcoin mined.

This also seems to put Bitfury on growth. After managing $ 80 million in investor spending last year, the mining giant continues to expand its blockchain business. In Berlin, for example, the company is currently settling in the music industry with Bitfury Surround. Overall, the market value of the Dutch is now estimated at up to one billion US dollars.

Original article:

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This article was published by @future24 on behalf of Michael Thomale @michael.thomale.


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