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Mining company receives investment of R$ 10 million and plans expansion to Brazil

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John Blount, CEO of FMI Minecraft Management (Image: FMI/Handout)

FMI Minecraft Management, a foreign capital company specializing in bitcoin miningreceived a financial support from BRL 10 million to enhance your operation.

Founded by John Blount in 2022, the company has a large-scale cryptocurrency mining project in the Zona Franca de Zapala, Argentina.

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The investment of R$ 10 million was made by New Asset, the financial resources manager of partners Cleberson Gavioli de Lima and Carolina Paiffer.

The investment is part of the organization’s strategy, which was looking for companies that already worked with bitcoin mining to strengthen this pillar in the mining sector. crypto assets.

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The proceeds will be used primarily to expand FMI Minecraft Management’s business and encourage the use of green technologies in all processes.

In addition, the mining company intends to expand its presence in Brazilian territory with the approval of Bill 4.401/2021, which seeks to regulate the cryptocurrency market in the country.

“This partnership between the IMF and New Asset will bring investors a window of investment opportunities in the technology sector for mining that was previously available only to institutional investors”, explains Cleberson Gavioli de Lima.

The mining segment represents an investment alternative in which the risks and returns are more attractive than investing in structured products linked to cryptocurrencies.

“Funding is the perfect demonstration of how managers and funds can have greater exposure to the bitcoin and cryptocurrencies without being held hostage to direct price fluctuation. Mining is the cheapest way to acquire bitcoins and form part of the basic infrastructure of the network,” said Eduardo Meyer, Partner at FMI.

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Disclaimer

O Money Times publishes informative articles of a journalistic nature. This publication does not constitute an investment recommendation.

Source: Moneytimes

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