World’s First Bitcoin Mining Fund Launched to Meet Big-Time Investor Demand

Bitcoin cloud mining provider Genesis Mining has announced they will be launching the world’s first Bitcoin mining fund, called Logos Fund. This fund will allow investors to become a part of Bitcoin, without having to get involved with mining or buying the cryptocurrency through an exchange.

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Logos Fund Offers Easy Access to Bitcoin Mining

Similarly to how Bitcoin ETFs allow investors to get involved in Bitcoin without holding the digital currency itself, Genesis Mining and the Logos Fund want to achieve a comparable goal. The Logos Fund will be catering exclusively to accredited investors, high net worth individuals, and investments funds in general.

What this fund by Genesis Mining will do is remove the friction associated with getting involved in Bitcoin mining as an investor. Even though the entire Bitcoin ecosystem would not be where it is today without mining – the protocol requires proof of work to generate new coins and confirm transactions – it is not easy to get involved in this industry.

Not only would investors need to get their own hardware and install it, but there are also maintenance fees to take into account. The Logos Fund removes all of that stress, by granting investors direct access to large-scale mining operations, discounted hardware, and multiple years of expertise offered by Genesis Mining.

The decision to launch this fund was not made on a whim either, as Genesis Mining has made quite a name for itself in the Bitcoin mining industry throughout the years. Although the company was quite late to the game (launched in 2014) their dedication to innovation, transparency, and responding to customer feedback helped Genesis Mining differentiate itself in an industry plagued by scandal.

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.

November 2015 was an important month for this German Bitcoin cloud mining provider, as they surpassed the 100,000 customer threshold. Despite the Bitcoin price sitting at a relatively low point at that time, Genesis Mining was attracting a lot of attention as one of the very few reliable companies. At the time of publication, the number of customers had increased to over 130,000 in the past four months, according to Marco Streng.

Investor Interest & Self Funding

Running a successful Bitcoin cloud mining business might not warrant the launch of the Logos Fund, yet the overwhelming interest from professional investors helped matters move along. Based on the information we have received, Genesis Mining received inquiries worth over $100m USD from investors looking to get in on Bitcoin mining through an investment vehicle.

But that is not all, as the Bitcoin cloud mining provider will put US$1m of their own capital into the Logos Fund once it receives approval from the