Final Frontier, a specialist firm that invests in innovative technologies, in collaboration with blockchain firm Bitfury has announced in a medium post, the launch of a regulated bitcoin mining fund which will supposedly reduce the challenges encountered by investors in Bitcoin mining.
The new product is reportedly designed to enable professional and institutional investors to gain access to Bitcoin mining in a more convenient way.
Previously, accessing bitcoin mining was quite unsafe. It exposed most institutional investors to certain challenges such as logistical, technological, execution, and financial risk.
However, the collaborative effort between Final Frontier and Bitfury will help to mitigate such risks through an offering which is under the authorization of a European financial regulator, who although was not specified.
The bitcoin mining fund is said to invest in turnkey assets which comprise of a list of mining sites (operated by Bitfury), on lower electricity and overall operating costs.
Promoting mainstream adoption
According to the co-founder of Final Frontier, Imraan Moola, the development has just arrived at an “advantageous” time for investors at large.
“With the bitcoin price down significantly from its all-time high, yet institutional interest growing every day, now may be an opportune time to consider investing in bitcoin mining,” he noted further.
For investors who could still note the possibility of Bitcoin as an asset worth investing, mining Bitcoin is an effective approach that can result to a wider exposure of the asset (Bitcoin), especially when invested using a regulated infrastructure.
The bitcoin mining fund from Final Frontier and Bitfury will not only aid global investors to strengthen their portfolios, but it will also ensure that bitcoin gets closer to the mainstream adoption, said Bitfury’s vice chairman George Kikvadze.
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