Russia Unveils Mutual Fund for Financing Crypto Mining Operations
A Russian company has unveiled a new fund intended to finance crypto mining operations in the country. The new mutual investment fund will be available to qualified investors who can invest a minimum of 300,000 rubles (a...
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The new mutual investment fund will be available to qualified investors who can invest a minimum of 300,000 rubles (approx. $4,000), and the money will be used to acquire crypto mining equipment and pay for electricity and other operating costs, Russian business outlet Kommersant has reported.
The fund hopes to raise some 500 million rubles, the report said....
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This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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