GoMining, a platform that allows users to mine Bitcoin through data centers, is launching a fund for mining the mentioned cryptocurrency.
The value of the specified fund is $100 million. In this case, the target consumer audience is institutional investors.
The fund, which GoMining announced was launched, is custodied by Bitgo. In this case, users were promised annual distributions from the yield of mining. The fund also adheres to a strategy that focuses on Bitcoin rewards and reinvestment.
Gomining’s Alpha Blocks Fund comes as the number of companies that add Bitcoin to their balance sheets increases. Against this background, there is an increase in enthusiasm for the resurgence of the world’s largest cryptocurrency by market capitalization. The values of shares of companies that add Bitcoin to their balance sheets are showing growth. In this case, it also means such firms as the Japanese Metaplanet, specializing in investment activities, and the medical technology brand Semler Scientific.
GoMining spokesperson stated in a media comment that, unlike passive equity investments, the Alpha Blocks Fund offers direct access to mined Bitcoin through a fully managed, compounding hashrate strategy.
Bitcoin rewards are reinvested to increase the fund’s hashrate and improve miner efficiency. Against this background, real, yield-driven outcomes are being formed. GoMining spokesperson stated that the brand’s model is built for performance, not market sentiment, and integrates the utility-based benefits that listed mining companies typically don’t offer.
Currently, GoMining Institutional operates with 7.3 Exahash of active hash power.
The mentioned framework ensures compliance with the relevant regulatory requirements and supports the company’s focus on delivering institutional-grade exposure to Bitcoin mining yield strategies. This was stated by the GoMining spokesperson, separately noting that retail users can access a separate digital mining product.
The fund will charge a 2% flat annual management fee. It is worth noting that no performance fees are provided in this case.
Gomining’s Bitcoin fund caters to institutional investors, while its flagship product is geared towards retail miners who may face a shortage of funds to create a heavy-duty mining rig. Last year, an attempt was made to gamify Bitcoin mining through the use of non-fungible tokens.
It is worth noting that the volume of institutional investment in Bitcoin and other cryptocurrencies such as Ether has been on a growth trajectory since 2024, when the first cryptocurrency exchange-traded funds were launched in the United States.
At the same time, there is still a relatively intense circulation of skeptical opinions about digital currencies among institutional investors. According to media reports, these sentiments may undergo a positive transformation amid clarity in regulation from the European MiCA and enthusiasm for virtual assets in the United States.
Last month, Coinbase published a report, which contains information that 83% of institutions have plans related to the allocation of cryptocurrencies.
As we have reported earlier, Tabit Insurance Announces Bitcoin-Centric Funding.
