UAE-based investment firms Hodler Investments and Gewan Holding have announced plans to launch a $500 million Digital Energy Infrastructure (DEI) fund. The fund aims to invest in energy infrastructure projects that support the growth of the digital economy, including power generation, data mining, blockchain, decentralized physical infrastructure and artificial intelligence. It will also support startups and software development related to these sectors.
According to a statement, the fund has so far received soft commitments from anchors, in-kind contributions, and off-take partners to seek energy and connectivity for artificial intelligence (AI) and digital asset mining operations.
Emirates Investment Company Plans to Launch $500 million Fund DEI to Invest in Blockchain, DePIN and More
2024-08-27 06:20:08
27 news bitcoin com reports head office united arab emirates investment companydesk3cryptocurrencydesktopCrypto News
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