Final Frontier Launches a Regulated Bitcoin Mining Fund for Institutional and Professional Investors
Final Frontier-Bitfury Vehicle to Give Investors Convenient Access to Bitcoin Mining
Final Frontier today announced the launch of a fully regulated bitcoin mining fund designed for institutional and professional investors, following authorization by a European financial regulator.
The product, developed by Final Frontier, provides investors with a regulated investment vehicle to gain exposure to bitcoin mining. It was engineered leveraging Bitfury’s world-class expertise in hardware development and mining, and Final Frontier’s experience developing and structuring financial products.
For investors who recognize bitcoin’s potential as an investable asset, bitcoin mining provides an effective way to gain exposure to this asset class through investing in its infrastructure.
Access to bitcoin mining has traditionally posed technological, logistical, financial and execution risk challenges to institutional investors. The new fund addresses these challenges by offering exposure to bitcoin mining via a fully regulated fund in a European jurisdiction, with top-tier service providers. The fund invests in turnkey assets comprised of mining sites with some of the lowest electricity and operating costs globally that feature state-of-the-art Bitfury datacenters. The sites are scouted and operated by Bitfury.
“The new partnership between Final Frontier and Bitfury is starting to produce significant benefits for investors around the world,” said Valery Vavilov, CEO of Bitfury. “With this innovative fund, Final Frontier is providing investors with a novel way of accessing bitcoin mining opportunities, creating financial opportunities and furthering institutional adoption of bitcoin.”
Imraan Moola, co-founder of Final Frontier, said they are launching the fund at an advantageous time for investors. “With the bitcoin price down significantly from its all-time high, yet institutional interest growing every day, now may be an opportune time to consider investing in bitcoin mining,” Moola said.
George Kikvadze, executive vice-chairman of Bitfury, said the new fund will move bitcoin closer to mainstream adoption and enable investors to enter and operate in this asset class in a confident and responsible manner.
“This is great news for investors who are looking to strengthen their portfolios, as well as for the global community that understands that digital currencies are becoming an integral part of the financial services industry,” Kikvadze said.
The Bitfury Group is the world’s leading full-service blockchain technology company. Bitfury™ is building solutions for the future, with the most significant technologies of the millennium. Our mission is to make the world more transparent and trusted by innovating at every level of technology — hardware, security, and software — to put trust back into the equation. Founded in 2011, Bitfury is the leading security and infrastructure provider for the Bitcoin Blockchain. In addition to securing the Bitcoin Blockchain, Bitfury also designs and produces innovative hardware that keeps cryptocurrencies and blockchains secure, including custom semiconductor chips and mobile datacenters. Bitfury is also a software provider for the some of the world’s most cutting-edge applications through its Exonum™ private blockchain framework, its Crystal™ Blockchain advanced analytics platform, and its specialized engineering team for the open-source Lightning Network, Lightning Peach. To learn more, visit www.bitfury.com.
About Final Frontier Final Frontier is a specialist investment firm focused on innovative technologies. Operating out of Switzerland’s Crypto Valley region, its mission is to develop institutional grade financial products and services that allow professional investors to confidently gain exposure to themes such as blockchain and artificial intelligence. The founding team possesses decades of experience with blue chip firms in traditional financial markets, in disciplines including investment management, derivatives, M&A advisory and financial technology.