Bitfury Launches Mining Investment Solutions for Institutions

Bitfury is opening the company up to institutional investment, which it says will help family offices and others to diversify their holdings with Bitcoin mining.

Listen to article Bitfury, a mining company established in 2011, announced a partnership program on May 26 that lets institutions invest in Bitcoin mining.

Investment will be possible in data centers in North America and other unspecified regions through custom-tailored investment solutions.

These may include direct investment and engagement through private equity in joint ventures, though the company declined to go into detail on how the arrangements would work.

The company claims to be using the most advanced equipment for mining, and it owns subsidiaries developing cooling and microchip solutions that serve its mining installations.

Indirect exposure to BitcoinInvesting in Bitcoin mining companies lets institutions gain exposure to the crypto market by owning a stake in a traditional company, without worrying about crypto custody.

The company's fortunes will strongly depend on the trend of the cryptocurrency market, while still having clearly definable valuation metrics.

Institutional investors have already been involved in mining - Cointelegraph reported in April on an investment made in exchange for a promise of hashpower.

Chinese mining equipment manufacturer Canaan offered an alternative avenue for Bitcoin exposure through its initial public offering on Nasdaq.

The mining company said in March that it started contributing to COVID-19 research by diverting some of its GPU calculating power to those efforts.