The German alternative investment fund, Xolaris Service, has established a private equity fund focused on bit coin mining.
According to the company, despite the decline in bit-coin prices, customers are constantly inquiring about cryptographic investments. The minimum investment participation of the Fund is EUR 250,000 and the total issue is EUR 30-50 million. First, it plans to invest in expanding the Swedish cryptography mining facility.
The company explained that the background of this fund is that it has always been required to launch a product related to passwords related to professional investors. Bitcoin prices have dropped to $ 3,500, and the profitability of a number of cryptographic mining companies has also plummeted, and in China, there has been a massive sale of cryptographic mining equipment. Gigawat, a US cryptographic mining company, filed for bankruptcy. However, there still seems to be interest, as the Paraguayan government announced that it would approve and support a project to build the world’s largest bit coin mining plant. For more information, please click here .