KB Topic German

German Firm Xolaris Launches Two Bitcoin Mining Investment Funds
German investment firm Xolaris has launched a European private-equity fund focused on bitcoin mining. Xolaris expects to raise $34 million to $57 million for the four-year project, the company announced in a press release. Professional investors kept asking us to create a regulated product in the area of cryptocurrencies, said Stefan Klaile, the CEO of Xolaris. The fund has a minimum investment entry of $285,000. Klaile said the new fund is a joint venture with Marc Stehr, the owner of an existing 2,000-supercomputer mining farm in Sweden. Some of the fund's capital will be used to expand that data center in Sweden.
December 01, 2018 4:05 PM

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