Home Bitcoin News Bitcoin Mining JKL Group Is Setting Up $50M Bitcoin Mining Fund Following – GlobeNewswire

JKL Group Is Setting Up $50M Bitcoin Mining Fund Following – GlobeNewswire

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HONG KONG, Oct. 19, 2022 (GLOBE NEWSWIRE) — Leveraging the agency’s experience in each asset administration and Bitcoin Mining, JKL Group is ready to boost a $50M mining infrastructure fund from household workplaces, HNWI, and institutional buyers energetic within the digital belongings house.

JKL Group is the primary APAC headquartered digital asset administration agency to arrange a US-based Bitcoin mining operation. The launch of JKL’s internet hosting facility with a beginning capability of 35MW was introduced throughout their look at Mining Disrupt convention earlier this yr.

On the identical time, JKL has witnessed rising curiosity for Bitcoin mining coming from the agency’s present shoppers, who’re on the lookout for a approach to diversify their digital asset publicity. To fulfill this demand, JKL Group is launching a Bitcoin Infrastructure Fund and bringing Bitcoin mining to institutional buyers.

$40M of the mining infrastructure fund can be raised from exterior buyers. JKL Capital – group’s monetary arm – is ready to allocate one other $10M in a junior tranche, dedicated to soak up first losses. Fund’s funding technique contains acquisition of Bitcoin mining machines on the present bear market costs and their additional deployment by JKL Mining community. Contact [email protected] for detailed details about their new fund.

“Digital belongings mining supplies an unparalleled alternative to buyers by way of diversification and upside beta publicity to the cryptocurrency house”, says JKL Group’s CEO Lin Cheung.

“On the one hand, Bitcoin mining delivers a secure future money movement dictated by the algorithm of bitcoin blockchain, which supplies a stable baseline for valuation. However, the ROI of cryptocurrency mining largely will depend on 4 variable components: worth of apparatus, electrical energy charges, digital asset output and worth of the mined cryptocurrency. Whereas these components will be unstable, it’s also as much as the investor to find out at what profitability ranges to modify the miner on & off, securing the upside publicity”, added Lin.

JKL Group was based in 2017 by a workforce of seasoned professionals with backgrounds in conventional finance and experience in international monetary markets, asset administration and quantitative funding methods. The group’s aggressive edge is its end-to-end digital asset experience, masking quantitative buying and selling, lending, OTC companies and Bitcoin mining.

Go to the JKL Group website to search out out extra about their digital asset funds and mining amenities.

A video accompanying this announcement is obtainable at: https://www.globenewswire.com/NewsRoom/AttachmentNg/a929ea82-e7c6-43bf-baae-f0f707fb1a67

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