SkyBridge Capital Will Launch a Mining-focused Fund
Investment firm SkyBridge Capital has filed an application with the SEC to launch a fund that will invest in a business related to the mining of cryptocurrencies.
According to CoinDesk sources, the form of limited partnership was chosen for the structure. Its participants will direct funds to co-finance the acquisition of mining equipment for Genesis Digital Assets.
SkyBridge Capital participated in September in the firm’s $431 million investment round.
The shares of mining companies are included in the assets of the SkyBridge Crypto Industry and Digital Economy ETF and SkyBridge Digital Innovation products launched by SkyBridge Capital. The list includes Core Scientific, Bitfarms, Marathon Digital, Iris Energy, Riot Blockchain, Hut 8 Mining, Cipher Mining, CleanSpark and TeraWulf.
