Bitcoin miner Genesis Digital Assets raises $431 million in fresh capital – Reuters

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Bitcoin miner Genesis Digital Assets raises $431 million in fresh capital – Reuters

(Reuters) – Bitcoin mining company Genesis Digital Assets said on Tuesday it had raised $431 million in a funding round led by crypto-focused investment firm Paradigm, taking advantage of rising investor interest in the cryptocurrency sector.

The round also included bitcoin-focused financial services firm NYDIG, crypto firm FTX, venture capital firms Ribbit and Electric Capital and UK-based private equity fund Kingsway Capital.

Kingsway Capital had also invested $125 million in Genesis Digital Assets in July to help to aid the miner’s expansion.

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