New $100 Million Bitcoin Mining Fund Targets Institutional Investors

GoMining, a Bitcoin mining platform, is setting up a substantial investment fund aimed at institutional investors.

GoMining, a Bitcoin mining platform, is launching a $100 million investment fund targeting institutional investors who want to gain exposure to BTC.

The Alpha Blocks Fund will offer participants a chance to benefit from a professionally managed mining strategy. Secured by Bitgo, the fund aims to generate returns through mining yield.

This comes as more companies are adding Bitcoin to their reserves, leading to positive market reactions.

GoMining’s approach focuses on tying returns to mined Bitcoin rather than typical equity investments.

The firm emphasizes that the fund’s performance is not dependent on broader market sentiment. Instead, the strategy centers on compounding the fund’s hash rate.

The Alpha Blocks Fund is designed to comply with regulatory standards while focusing on institutional-grade investment strategies.

GoMining Institutional boasts 7.3 Exahash of active mining power, which is positioned to provide robust yield opportunities for the fund.

The fund's annual management fee is set at 2%, without any additional performance charges.

This initiative marks a continuation of GoMining's efforts in catering to both retail and institutional segments.

Last year, the platform introduced a gamified mining experience using non-fungible tokens (NFTs) to engage retail participants.

Institutional interest in Bitcoin has been increasing due to factors such as clearer regulations and growing acceptance.

In the US, institutions are showing greater interest in allocating to cryptocurrencies, according to a recent report by Coinbase.