GoMining has launched a $100 million Bitcoin mining fund for institutional investors.

PANews, April 2nd news, according to Cointelegraph, the cryptocurrency mining company GoMining recently announced the launch of a Bitcoin mining fund called “Alpha Blocks Fund” with a scale of 100 million USD for institutional investors. The fund will be custodied by the digital asset custodian giant BitGo, and will provide mining revenue distribution for investors through a compound computing power strategy, focusing on a value-added model of reinvesting Bitcoin rewards. A spokesperson for GoMining stated: “Unlike passive equity investments, the Alpha Blocks fund provides investors with the opportunity to directly mine Bitcoin through fully managed, composite hash rate strategies. Bitcoin rewards will be reinvested to increase the fund’s hash rate and improve miner efficiency.” Although GoMining’s Bitcoin fund is aimed at institutional investors, its flagship product targets retail miners who may lack the funds to build heavy mining equipment.