JKL is opening up Bitcoin Mining for institutional traders

HONG KONG, Oct. 19, 2022 (GLOBE NEWSWIRE) — Leveraging the agency’s experience in each asset administration and Bitcoin Mining, JKL Group is ready to boost a $50M mining infrastructure fund from household workplaces, HNWI, and institutional traders lively within the digital property area.

JKL Group is the primary APAC headquartered digital asset administration agency to arrange a US-based Bitcoin mining operation. The launch of JKL’s internet hosting facility with a beginning capability of 35MW was introduced throughout their look at Mining Disrupt convention earlier this yr.

On the identical time, JKL has witnessed rising curiosity for Bitcoin mining coming from the agency’s current purchasers, who’re on the lookout for a approach to diversify their digital asset publicity. To fulfill this demand, JKL Group is launching a Bitcoin Infrastructure Fund and bringing Bitcoin mining to institutional traders.

$40M of the mining infrastructure fund shall be raised from exterior traders. JKL Capital – group’s monetary arm – is ready to allocate one other $10M in a junior tranche, dedicated to soak up first losses. Fund’s funding technique consists of acquisition of Bitcoin mining machines on the present bear market costs and their additional deployment by way of JKL Mining community. Contact ir@jkl.group for detailed details about their new fund.

“Digital property mining gives an unparalleled alternative to traders by way of diversification and upside beta publicity to the cryptocurrency area”, says JKL Group’s CEO Lin Cheung.

“On the one hand, Bitcoin mining delivers a steady future money stream dictated by the algorithm of bitcoin blockchain, which gives a strong baseline for valuation. Alternatively, the ROI of cryptocurrency mining largely is dependent upon 4 variable elements: worth of apparatus, electrical energy charges, digital asset output and worth of the mined cryptocurrency. Whereas these elements could be unstable, it is usually as much as the investor to find out at what profitability ranges to change the miner on & off, securing the upside publicity”, added Lin.

JKL Group was based in 2017 by a crew of seasoned professionals with backgrounds in conventional finance and experience in world monetary markets, asset administration and quantitative funding methods. The group’s aggressive edge is its end-to-end digital asset experience, masking quantitative buying and selling, lending, OTC companies and Bitcoin mining.

Go to the JKL Group website to search out out extra about their digital asset funds and mining amenities.

Contact: Investor Relations Workforce
E-mail: ir@jkl.capital

A video accompanying this announcement is out there at: https://www.globenewswire.com/NewsRoom/AttachmentNg/a929ea82-e7c6-43bf-baae-f0f707fb1a67

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