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Alameda Research Invests $1.15 Billion in Genesis Digital Crypto Miner: Report By Cointelegraph

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Crypto mining company Genesis Digital Assets was the largest venture capital investment made by Alameda Research, the sister company of FTX and at the center of a stock market bankruptcy. documents a statement By Bloomberg on Dec. 3, it showed that Genesis Digital raised $1.15 billion from Alameda in less than nine months.

The capital infusion took place before cryptocurrency prices plummeted, between August 2021 and April this year. Genesis Digital is a major US-based mining company, unrelated to Genesis Capital, and A trading company with funds worth $175 million Locked in FTX trading account.