PANews reported on April 2nd that, according to Cointelegraph, crypto mining company Gomining recently announced the launch of a $100 million Bitcoin mining fund called "Alpha Blocks Fund" for institutional investors. The fund, with BitGo serving as the custodian, will provide mining revenue distribution to investors through a compound hash rate strategy, focusing on a value-added model of Bitcoin reward reinvestment.

A Gomining spokesperson stated: "Unlike passive equity investments, the Alpha Blocks Fund provides investors with a direct opportunity to mine Bitcoin through full custody and compound hash rate strategy. Bitcoin rewards will be reinvested to increase the fund's hash rate and improve miner efficiency." Although Gomining's Bitcoin fund targets institutional investors, its flagship product is aimed at retail miners who may lack funds to build heavy mining equipment.