JKL Group builds a new $50 million cryptocurrency mining operation

JKL Group is reportedly building a new $50 million cryptocurrency mining operation, with funding coming from institutions such as family offices, individual investors and wealthy individuals. JKL Group said it has seen "increasing interest" in bitcoin from many clients, and the firm is now looking for ways to diversify not only itself, but the choice of assets available to clients. Funding Around $40 million will come from outside investors, while the remaining $10 million will come from the junior tranche.