Russian Crypto Mining Sector to Attract Shareholders Through Investment Fund Russia's first mutual investment fund for financing cryptocurrency mining operations is in the works. The fund will be available to qualified investors and will finance the acquisition of coin minting equipment. Finam Management will establish the closed-end fund, and it will operate as a venture fund for the purchase of mining hardware. The company intends to raise 500 million rubles (over $6.6 million) before incorporating the leasing firm. The project is a unique offering for Russia, as management companies have previously created mutual funds focused only on businesses developing blockchain technology.
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