Blockchain technology company Bitfury has recently entered into a partnership with Swiss investment firm Final Frontier to launch a Bitcoin (BTC) mining fund, reportedly targeting corporate and agile investors.

According to Bitfury’s blog post, since the dawn of crypto mining there have been challenges including “technological, logistical, financial and execution risk.” Yet the firm aims to tackle them with its purportedly cost-efficient, convenient turnkey asset solution, which was authorized by an unnamed European financial regulator.  

Specifically, the fund will be used to open a series of mining site with “lowest electricity and operating costs globally” possible, directly run by Bitfury with the help of its specialization as a mining firm and in mining infrastructure production.

Final Frontier’s co-founder Imraan Moola remarked on the announcement, saying that the partnership has arrived at an allegedly advantageous time for investors. He added:

“With the bitcoin price down significantly from its all-time high, yet institutional interest growing every day, now may be an opportune time to consider investing in bitcoin mining.”

George Kikvadze, executive vice-chairman at Bitfury, shared the same thought, viewing the fund as crucial to the company’s portfolio as well as widespread bitcoin adoption, as per the blog post.

In February, another strategic alliance has seen Bitfury teaming up with Commons Foundation, a South Korean research and development (R&D) firm, to launch several Bitcoin mining operations in Paraguay, leveraging the local readily and clean energy supply to become the largest crypto mining center in the world.