Genesis Mining founder launches new fund, claims to provide investors with Bitcoin mining income

High net worth investors can now participate in Bitcoin mining through a Bitcoin mining fund called Logos Fund. Logos Fund was founded by马尔科•施特伦, founder of Bitcoin managed cloud mining company Genesis Mining, and its operating partners include Björn Tilmann Arzt, Global Head of Capital Structure Markets at UniCredit, and Dr. Florian Putzka, Senior Legal Expert at UniCredit.

The Logos Fund positions itself as an alternative product similar to the Bitcoin Investment Trust (BIT) - a private investment vehicle launched by Digital Currency Group CEO Barry Silbert that combines bitcoin mining with buy-and-hold investing.

Stren said the fund aims to be a "safe vehicle" for investors to invest in Bitcoin, and Genesis Mining will serve as the initial partner of the Logos Fund.

“Mining can be profitable, but the prerequisite is that you must have suitable mining equipment and cheap electricity prices. We hope to use our expertise and professional equipment to provide external investors with a channel to invest in Bitcoin.”

Stren said the Logos Fund operates differently from Genesis Mining in that it owns the hardware directly and it is not entirely dependent on mining revenue.

To participate in the fund, investors need to invest a certain minimum amount of money in the fund and agree to keep the invested money in the fund for a period of time. Stren said that interested investors can contact the Logo Fund directly to find out.

Overall, Strom said the fund provides an alternative for high-net-worth investors to invest in digital currencies.

He claims the fund is a better option:

“Even if the price of Bitcoin drops, mining is still profitable. You can still make a profit.”

The Logo Fund plans to register with Germany’s financial regulator, BaFin, which would make it open to EU investors in the future.

Artz said:

"The application is being reviewed and we expect good news from federal financial regulators in the next four weeks."

Original article: http://www.coindesk.com/new-fund-aims-to-bring-bitcoin-mining-profits-to-high-net-worth-investors/
By Pete Rizzo
Translator: printemps
Editor: printemps
Source (translation): Babbitt Information (http://www.8btc.com/new-fund‎)