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New Deal


Announced

Completed

Paradigm led a $431m funding round in Genesis Digital Assets.

Financials

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Transaction Value£315m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Venture Capital

Friendly

cryptocurrency

Minority

bitcoin mining

Acquisition

Private

Completed

Private Equity

Cross Border

Payments / Commerce

Synopsis

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Paradigm, a crypto-focused investment firm, led a $431m funding round in Genesis Digital Assets, a bitcoin mining company. Additional investors include NYDIG, FTX, Ribbit Capital, Electric Capital and Kingsway Capital. "As we work towards our goal of bringing 1.4 gigawatts online by 2023, the capital raised from this round will be used to expand our bitcoin mining operations in locations where clean energy is easily accessible. We're excited to have strategic investors on board and look forward to executing on our mission together," Marco Streng, Genesis Digital Assets CEO and Co-Founder.

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