PANews reported on April 2 that according to Cointelegraph, crypto mining company GoMining recently announced the launch of a $100 million Bitcoin mining fund "Alpha Blocks Fund" for institutional investors. The fund is managed by digital asset custody giant BitGo and will provide investors with mining income distribution through a compound computing power strategy, focusing on the value-added model of Bitcoin reward reinvestment.

A GoMining spokesperson said: "Unlike passive equity investments, the Alpha Blocks Fund provides investors with the opportunity to mine Bitcoin directly through a fully managed, compounding hash rate strategy. Bitcoin rewards are reinvested to increase the fund's hash rate and improve miner efficiency." While GoMining's Bitcoin Fund is aimed at institutional investors, its flagship product is aimed at retail miners who may lack the funds to build heavy mining equipment.