SkyBridge Capital Intends to Launch a Fund Focused on Crypto Mining

SkyBridge Capital, an investment company, has filed an application with the SEC to launch a fund that will invest in the cryptocurrency mining business.

SkyBridge BTC Mining has raised $7.04 million.

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, according to CoinDesk sources.

In September 2021, SkyBridge Capital participated in the firm’s investment round for $431 million.

Mining company shares are present as part of the assets of the SkyBridge Crypto Industry and Digital Economy ETF and SkyBridge Digital Innovation products launched by SkyBridge Capital. This list includes: Core Scientific, Bitfarms, Marathon Digital, Iris Energy, Riot Blockchain, Hut 8 Mining, Cipher Mining, CleanSpark and TeraWulf.