Horizon Kinetics – $ 5.3 Billion Hedge Fund is investing more and more in Bitcoin mining

Horizon Kinetics – $ 5.3 Billion Hedge Fund is investing more and more in Bitcoin mining

According to the latest reports, the Hedge Fund – Horizon Kinetics has decided again to expand its bitcoin mining activities.

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3 Jul 2020 , 11:26 @ Matey Salt

Horizon Kinetics – $ 5.3 Billion Hedge Fund is investing more and more in Bitcoin mining

According to the latest reports, the Hedge Fund – Horizon Kinetics has decided again to expand its bitcoin mining activities.

This is confirmed by Core Scientific, which operates this cryptocurrency service. Horizon Kinetics has decided to revive its arsenal with the Bitmain Antminer S19 and S19 Pro models.

Horizon Kinetics has approximately $ 5.3 billion in assets

Core Scientific also reported that Horizon has tripled the number of miners under its management in the past year.

Taras Kulyk, Core Scientific’s Blockchain Development VP, stated in an interview that many financial institutions have recently relocated their mining activities to North America.

Hugh Ross, COO of Horizon Kinetics said:

Having performed due diligence reviews of more than a dozen hosted cryptocurrency mining facilities in the United States and Canada over the last three years, and now having worked with Core Scientific for more than a year, we have seen first-hand the difference working with a professionally managed organization can make in the success of your mining business. The sheer size of their operation coupled with their dedication to the client experience had already put in them in the top tier of U.S. domiciled hosting companies.

Core Scientific recently purchased 17,000 last-generation miners from Bitmain and secured a significant position in the field of cryptocurrency mining.

Read also: Bitmain today introduce the new Antminer T19

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