Bit5ive announced the launch of its new bitcoin mining investment vehicle. The Fund provides both institutional and individual investors exposure to bitcoin mining activities via a regulated fund structure.
So what is Bitcoin mining? Mining is the process by which transactions on a blockchain network are verified and added to its public ledger. Miners, who are members of the network, confirm transactions by solving complex mathematical problems and are rewarded for this work with bitcoin.
Robert Collazo, CEO at Bit5ive, says: “We are excited to offer this product and opportunity to accredited and off-shore investors. Bitcoin mining has several advantages. First, it allows individuals to acquire bitcoin at the cost of production, which is significantly lower than the market price. It’s also less volatile than trading the cryptocurrency itself. By mining, investors can avoid the crypto market fluctuations and price manipulation that often plagues traders.”
“The rise of cryptocurrencies has been one of the most exciting developments since I started working in finance,” says Claudio Izquierdo, Bit5ive Fund’s Co-CEO. “We believe cryptocurrencies have a bright future and will continue to play an important role as a store of value, so we are excited to provide investors with new ways of gaining exposure.”
By partnering with Bit5ive, all the technical know-how and learning curves are reduced, leaving investors with a financial instrument you can see on your brokerage statements. Their fund also allows financial advisors on and off-shore to keep custody of the investments using their custodies accounts in platforms like Allfunds, Pershing, Axos, and others, the firm said.
Established in 2015, Bit5ive is an American technology company and leader in cryptocurrency mining and infrastructure. Currently, the company has over 1,500 MWs of clean energy under contract, making it among the largest in the United States.
For Funds Society, Madrid