HONG KONG, Oct. 19 2022 (GLOBE NEWSWIRE) — Leveraging the firm’s expertise in both asset management and Bitcoin mining, JKL Group is set to raise a $50 million mining infrastructure fund from family offices, HNWI and institutional investors active in the digital assets space .
JKL Group is the first APAC-headquartered digital asset management firm to set up a US-based Bitcoin mining operation. The launch of JKL’s host facility with an initial capacity of 35MW was announced earlier this year during their appearance at the Mining Disruption Conference.
At the same time, JKL has seen a growing interest in Bitcoin mining, coming from the firm’s existing clients, who are looking for a way to diversify their exposure to digital assets. To satisfy this demand, JKL Group is launching a Bitcoin Infrastructure Fund and bringing Bitcoin mining to institutional investors.
$40 million of the mining infrastructure fund will be raised from external investors. JKL Capital – the group’s financial arm – is to allocate another $10 million in a junior tranche, committed to absorbing first losses. Fund’s investment strategy includes the acquisition of Bitcoin mining machines at the current bear market prices and their further deployment through JKL mining network. Contact [email protected] for detailed information about their new fund.
“Digital asset mining offers an unparalleled opportunity for investors in terms of diversification and upside beta exposure to the cryptocurrency space”, said Lin Cheung, CEO of JKL Group.
“On the one hand, Bitcoin mining provides a stable future cash flow determined 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. Although these factors can be volatile, it is also up to the investor to determine at what profitability levels to turn the miner on and off, to the ensuring upward exposure,” Lin added.
JKL Group was founded in 2017 by a team of seasoned professionals with backgrounds in traditional finance and expertise in global financial markets, asset management and quantitative investment strategies. The group’s competitive advantage is its end-to-end digital asset expertise, covering quantitative trading, lending, OTC services and Bitcoin mining.
Visit the JKL Group website to find out more about their digital asset funds and mining facilities.
Contact: Investor Relations Team
Email: [email protected]
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