Xolaris (Germany) announces two crypto investment funds

Posted 03 December, 2018

Munich-based Xolaris about to put into operation a private fund designed for bitcoin mining investments in Europe, with another one in Asia to follow.

The European project will take four years and may cost EUR 250,000, with the target investments estimated at EUR 30 million. This investment fund will be a JV with Mark Stehr, owner of a mining farm in Sweden. For reference, Stehr's capacities amount to some 2,000 supercomputers.

According to the company, some of the generated funds will be spent on the capacities expansion. 

“Professional investors kept asking us to create a regulated product in the area of cryptocurrencies,” commented Stefan Klaile, the CEO of Xolaris. 

As a result, Xolaris has made the decision to join forces with Stehr, who already has good mining infrastructure.  Moreover, the company believes the mining farm has the perfect location in Sweden with cold weather and generally attractive power costs.

Speaking about the second project, it will be an EUR 50-million fund. This fund is said to be based in Hong Kong, with a subscription to be opened later in 2018. 

It is worth mentioning, Stefan Klaile believes that the 2018 crypto market downturn may pay in their hands, especially given the formula for bitcoin mining income (peak price, hash rate, mining difficulty and equipment price).

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