Alameda Research, founded by Sam Bankman-Fried, invested more than $1 billion in mining company Genesis Digital Assets between August 2021 and April 2022, Bloomberg has learned.
The publication's reporters have reportedly accessed a spreadsheet listing the portfolio investments of FTX and Alameda Research. The latter has reportedly invested around $1.15 billion in the miner over four rounds: $100 million in August 2021, $500 million in January this year, $250 million in February and $250 million in April.
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As part of the latest funding round, Alameda Research valued the miner's business at $5.5 billion.
According to Bloomberg, Genesis Digital Assets is the largest investment in the portfolio of Bankman-Fried's companies.