Alameda Research invested $1.15B in crypto miner Genesis Digital: Report

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Alameda Research invested $1.15B in crypto miner Genesis Digital: Report
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Genesis Digital Assets raised $1.15 billion from Alameda between August 2021 and April of this year.

by Bloomberg on Dec. 3 show that Genesis Digital raised $1.15 billion from Alameda in less than nine months.

The capital infusion was made before the crypto prices downturn, between August 2021 and April of this year. Genesis Digital is the major United States-based Bitcoin mining company, and it's not related to Genesis Capital, theparticipating in Alameda's venture decisions, including the investment in Genesis Digital, despite initially denying it to regulators.

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