Genesis Mining, the world’s leading Bitcoin cloud mining provider, has announced the launch of the world’s first Bitcoin mining fund, to be called Logos Fund.

“The Logos Fund will be a private fund dedicated to investing into a range of Bitcoin-related businesses”, the website reads.

The fund has officially filed Form D with the Securities and Exchange Commission (SEC) last week and aims to make the growth of Bitcoin accessible to sophisticated investors who are otherwise unable to get similar exposure. It will cater exclusively to high net worth individuals, investment funds, and accredited investors looking to take part in the rapidly growing Bitcoin ecosystem.

The company said that during the past two years of operation, it received more than $100 million worth of inquiries from professional investors interested in investing in Bitcoin mining through a professional investment vehicle.

"We've made a habit of listening to our customers and doing what they ask”, said Marco Streng, CEO and co-founder of Genesis Mining. “When you receive $100 million worth of inquiries from big-time investors looking to enter the market, you'd be foolish not to listen and build a solution”.

Mining is the most fundamental process that ensures bitcoin’s viability and success. It enables the decentralized network functionality that is crucial for Bitcoin to operate.

With Logos Fund, investors will be able to invest in a professional investment vehicle, rather than investing directly into mining by purchasing and managing their own hardware. Moreover, investing in the fund will give them direct access to Genesis Mining's industry expertise, large scale operations, and discounted hardware.

“Genesis Mining will serve as the initial provider of Bitcoin mining services for the Logos Fund and will be the Logos Fund's main partner for the investments established by us” – Logos Fund

Launched in early 2014, Genesis Mining reached a milestone of more than 100,000 customers in November 2015. The company said that it will seed the fund with $1,000,000 of its own capital and will be managed by Björn Tilmann Arzt and other professionals who combined have over 30 years of experience in fund management and financial services law.