SkyBridge Capital, founded by former White House official Anthony Scaramucci, has launched a new fund for Bitcoin (BTC) mining investment.
SkyBridge Capital has launched a new investment vehicle with the aim of investing in Bitcoin mining, according to a filing with the SEC.
According to the application made, the investment vehicle called SkyBridge BTC Mining LP has collected approximately 7 million dollars so far.
SkyBridge has set up funds to co-invest in Genesis Digital Assets, a privately held, industrial-scale bitcoin mining company for selected limited partners, according to a source familiar with the deal.
SkyBridge was involved in a funding round as part of Genesis’ $431 million capital increase. This means that the company has invested in Genesis for the second time.
According to the fund’s website, the hedge fund has invested in several publicly traded mining operations through the First Trust SkyBridge Crypto Industry and Digital Economy ETF and SkyBridge Digital Innovation. Prominent among the miners in these two funds; Core Scientific (CORZ), Bitfarms (BITF), Marathon Digital (MARA), Iris Energy (IREN), Riot Blockchain (RIOT), Hut 8 Mining (HUT), Cipher Mining (CIFR), CleanSpark (CLSK), and TeraWulf (WULF) ).
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