Genesis Digital Assets Raises $431 Million

Bitcoin miner active since 2013 Genesis Digital Assets announced today the raise of $431 million to fund the company’s expansion plans. The round, led by investment firm Paradigm, comes less than two months after the miner’s previous funding round of $125 million.

Former investors also joined the funding round, including NYDIG, Stoneridge, FTX, Ribbit, Electric Capital, Skybridge, and Kingsway Capital, the $2 billion U.K.-based private equity fund that solo-led the previous round in total. Paradigm’s co-founder and managing partner Matt Huang, who joined the Genesis board of directors, commented on the announcement.