HONG KONG, Oct. 19, 2022 (GLOBE NEWSWIRE) — Leveraging the agency’s experience in each asset administration and Bitcoin Mining, JKL Group is ready to boost a $50M mining infrastructure fund from household places of work, HNWI, and institutional buyers lively within the digital property area.
JKL Group is the primary APAC headquartered digital asset administration agency to arrange a US-based Bitcoin mining operation. The launch of JKL’s internet hosting facility with a beginning capability of 35MW was introduced throughout their look at Mining Disrupt convention earlier this 12 months.
At the identical time, JKL has witnessed rising curiosity for Bitcoin mining coming from the agency’s current purchasers, who’re searching for a option to diversify their digital asset publicity. To fulfill this demand, JKL Group is launching a Bitcoin Infrastructure Fund and bringing Bitcoin mining to institutional buyers.
$40M of the mining infrastructure fund shall be raised from exterior buyers. JKL Capital – group’s monetary arm – is ready to allocate one other $10M in a junior tranche, dedicated to soak up first losses. Fund’s funding technique contains acquisition of Bitcoin mining machines on the present bear market costs and their additional deployment via JKL Mining community. Contact [email protected] for detailed details about their new fund.
“Digital assets mining provides an unparalleled opportunity to investors in terms of diversification and upside beta exposure to the cryptocurrency space”, says JKL Group’s CEO Lin Cheung.
“On the one hand, Bitcoin mining delivers a stable future cash flow dictated by the algorithm of bitcoin blockchain, which provides a solid baseline for valuation. On the other hand, the ROI of cryptocurrency mining mostly depends on 4 variable factors: price of equipment, electricity rates, digital asset output and price of the mined cryptocurrency. While these factors can be volatile, it is also up to the investor to determine at what profitability levels to switch the miner on & off, securing the upside exposure”, added Lin.
JKL Group was based in 2017 by a workforce of seasoned professionals with backgrounds in conventional finance and experience in international monetary markets, asset administration and quantitative funding methods. The group’s aggressive edge is its end-to-end digital asset experience, protecting quantitative buying and selling, lending, OTC providers and Bitcoin mining.
Visit the JKL Group website to search out out extra about their digital asset funds and mining amenities.
A video accompanying this announcement is accessible at: https://www.globenewswire.com/NewsRoom/AttachmentNg/a929ea82-e7c6-43bf-baae-f0f707fb1a67
