Bitcoin

Million

when

Italian asset manager Azimut has invested €105 million ($113 million) in the debt of Alps Blockchain, a company specializing in Bitcoin mining infrastructure powered primarily by renewable energy. This investment was made via a five-year guaranteed bond using a Luxembourg special purpose vehicle, according to <a href="https://www.ledgerinsights.com/dlt-friendly-asset-manager-azimut-invests-e105-million-in-alps-blockchain/" rel="noopener noreferrer nofollow">Ledgerinsights</a>.
Alps Blockchain, named after the Italian Alps where its first mining farms were established, utilizes hydroelectric power to optimize energy consumption. The company can reduce mining energy usage when the grid needs more power and increase it when there's excess hydroelectric power. Alps Blockchain has expanded its operations to <a href="https://ultramining.com/news/en/bitfarms-expands-bitcoin-mining-with-renewable-energy-in-paraguay/" rel="noopener noreferrer nofollow">Paraguay</a>, Ecuador, and <a href="https://ultramining.com/news/en/moscow-resident-ordered-to-pay-870-000-rubles-for-illegal-mining-farm-electricity-use/" rel="noopener noreferrer nofollow">Oman</a>, following a similar model.
Over the past three years, the number of mining machines installed by Alps Blockchain has grown from 2,500 to over 15,000. The company's revenues increased from €697,000 in 2020 to €17.3 million in 2022 and €43.6 million ($47 million) last year, with a positive EBITDA.
Giorgio Medda, CEO and Global Head of Asset Management &amp; Fintech of the Azimut Group, expressed excitement about strengthening their relationship with Alps Blockchain. He highlighted the company's commitment to sustainable mining and emphasized that this investment allows Azimut's customers to participate in the growth of a leading Italian company with a global presence. Medda noted that Azimut has invested €350 million since 2022 in global and sustainable energy transitions.
In addition to its investment in Alps Blockchain, Azimut has embraced multiple tokenization solutions. The company was involved in launching FundsDLT with Deutsche Börse’s Clearstream and participated in Allfunds Blockchain initiatives. Azimut also partnered with Allfunds and BNP Paribas to tokenize units of one of its funds.

Azimut Invests €105 Million in Alps Blockchain for Sustainable Bitcoin Mining

Ultramining_Eng

Andra artiklar publicerade 31 juli 2024

Avalanche Network Revolutionizes CA DMV: 42 Million Car Titles Digitized

Solana's Network Growth Complicated by Bot Transaction Allegations

Bitcoin’s Consolidation Phase Ending: Crypto Market Set to Rise in August

Psula Announces Global Expansion with Advanced Trading and Secure Wallet Solutions

Memereum Presale Surges with Nearly 28 Million Tokens Sold Following SEC Approval of Ethereum ETFs

Fed Influences Markets with Interest Rate Decisions

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!