Final Frontier and Bitfury Launch Regulated Bitcoin Mining Fund

Following approval from European authorities, Swiss investment firm Final Frontier is partnering with Bitfury Group to launch a regulated bitcoin mining fund for personal and institutional investors.Bitfury announced the partnership on April 24, 2019, describing the project and some of the advantages that this mining fund will offer to investors.According to the Bitfury Medium post, the fund will look to introduce more investors to the difficult-to-access world of bitcoin mining “by offering exposure to bitcoin mining via a fully regulated fund in a European jurisdiction, with top-tier service providers.”Investors in the fund will help to financially support Bitfury’s various mining farms in locations with the lowest operational costs, the company claims. John Mercurio, Bitfury’s chief communications officer, told Bitcoin Magazine that these sites are scattered worldwide and “are all operating under the Bitfury brand.”Mercurio also mentioned that the fund will require little from investors outside of their capital. After stakeholders “subscribe to the fund,” he explained, Bitfury “makes the investment/acquisition and oversees the entire life cycle.” The fund will then pay these investors annually in euros for as long as they choose to participate in it (assuming ongoing profitability).In addition to the stipulation that payouts must be in this specific fiat currency, rather than in any particular crypto asset, Mercurio also ...