Bitcoin miner Genesis Digital Assets raises $431 million in fresh capital – Reuters
- Date: 22-Sep-2021
- Source: Reuters
- Sector:Technology
- Country:Middle East
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.