SkyBridge Capital Invests $ 7 Million in Bitcoin Miner Beginning

SkyBridge Capital Invests $ 7 Million in Bitcoin Miner Beginning

SkyBridge Capital will invest millions of dollars in the mining company bitcoin. That can be read in a application submitted by the US Securities and Exchange Commission (SEC).

Hedge Fund Investment

An investment vehicle to be called the SkyBridge BTC Mining LP has reportedly raised $ 7 million in investment.

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The man behind SkyBridge is Anthony Scaramucci. He was an aide to former President Donald Trump and held the title Director of Communications† In recent years, the CEO has emerged as a real bitcoiner.

SkyBridge set up a fundraiser for a particular group of partners. With this they enter the mining market. They want to invest in a private bitcoin miner for Original Digital Assets.

Hedge fund previously participated in increase capital of $ 431 million. So it will be the second time for SkyBridge to put money into a mining company.

Money and miners

Scaramucci Company has also already made investments in several other miners listed through its company First Trust SkyBridge Crypto Industry and Digital Economy ETF. It is also called their bag SkyBridge Digital Innovation they are already working in the bitcoin market.

Mining companies that can be found in these two funds are Core Scientific, Bitfarms, Marathon Digital, Iris Energy, Riot Blockchain, Hut 8 Mining, Cipher Mining, CleanSpark and TeraWulf. However, the new $ 7 million investment is only aimed at Genesis.

In November, they announced their intention to open a 300-megawatt West Texas data center.

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