Alameda Analysis invested $1.15B in crypto miner Genesis Digital: Report By Cointelegraph

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Crypto mining firm Genesis Digital Belongings was the largest enterprise funding made by Alameda Analysis, FTX’s sister firm and within the heart of the alternate’s chapter. Paperwork disclosed by Bloomberg on Dec. 3 present that Genesis Digital raised $1.15 billion from Alameda in lower than 9 months.

The capital infusion was made earlier than the crypto costs downturn, between August 2021 and April of this yr. Genesis Digital is the foremost United States-based mining firm, and it isn’t associated to Genesis Capital, the buying and selling firm with $175 million price of funds locked away in an FTX buying and selling account.