Bitfury, a mining company founded in 2011, announced on 26th May a partnership programme that allows institutions to invest in Bitcoin (BTC) mining.
This programme will help family offices and other institutional funds to diversify their portfolios into digital asset infrastructure. Bitfury says that previously it was a tedious task for these investors.
Investing in data centers in North America and other undefined regions will be possible through tailor-made investment solutions. These may be direct investments and involvement through private equity in joint ventures, although the company has refused to discuss how these arrangements work in detail.
Bitfury will manage all aspects of the business, including site procurement, equipment purchase and maintenance. The company claims to use the most advanced mining equipment and owns subsidiaries developing cooling and microchip solutions that operate its mining installations.
Its data centers are located in Canada, Norway, Iceland and Central Asia, with electricity prices of 'USD 0.03 per KWh and lower'.
Investing in Bitcoin mining companies allows institutions to gain exposure to the crypto market by holding shares in a traditional company without fear of cryptographic storage. The success of the company will largely depend on the trend in the crypto currency market, while it will continue to have clearly defined valuation indicators.
