Final Frontier, a Swiss investment firm focused on DLT and blockchain technology, 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 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.”
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 expertise in hardware development and mining, and Final Frontier’s experience developing and structuring financial products.
The fund invests in turnkey assets comprised of mining sites with some of the lowest electricity and operating costs globally that feature advanced Bitfury datacenters. The sites are scouted and operated by Bitfury.
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.
Imraan Moola, the 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, the 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.