Bitfury Group and the Nippon Angel Investment Company (NAIC) have launched a digital currency infrastructure fund, the first of its kind in Japan. The fund will enable individual and institutional investors to diversify their portfolios into digital currency infrastructure. NAIC is a licensed fund manager in Japan, regulated by the Japan Financial Services Agency, and has conducted thorough due diligence into Bitfury as a reliable investment partner.
Despite its distinctive risk-reward profile, institutional capital was previously limited in its ability to enter the digital currency infrastructure sector due to a lack of available vehicles. Through the NAIC digital currency fund, as well as Bitfury’s institutional investor program, these investors can now invest in Bitfury’s top-tier data centers across the world.
“We are looking forward to bringing this diverse investment route to investors in Japan,” said Valery Vavilov, CEO and founder of Bitfury. “We believe that this investment, at a time where we are seeing unprecedented market changes and volatility, will help further adoption of digital assets by making its underlying infrastructure more secure.”
“This fund brings digital currency investments to Japanese investors at a critical time, when we are seeing risk/return profiles across other asset classes significantly change in reaction to the COVID-19 pandemic,” said Katsu Konno, Head of Bitfury Japan. “We are honored to be moving forward on this offering with the esteemed Nippon Angel Investment Company, providing an avenue to turn Japan’s more than US $9 trillion in cash deposits into a high-return investment.”
Bitfury combined its experience in securing access to low-cost energy, its high-performance hardware design and operational expertise, and the company’s proven track record in institutional deal structure to design this program. Underpinning the program is Bitfury’s worldwide digital currency infrastructure, operating with production costs in the first quartile of the global cost curve and offering a strong financial profile that includes strong resiliency to price changes.