Redivider has launched Redivider Blockchain Opportunity Zone Fund, which will raise capital to invest the allocation into a qualified opportunity zone business that will offer computing leases and hosting services to the cryptocurrency mining industry and, to the extent permitted by the opportunity zone rules, up to 10 percent in other high-yield securities or cryptocurrencies.
The QOZB will be tasked with finding, acquiring and building multiple data center locations nationwide, as well as acquiring large inventories of specialized servers that process transactions and earn transaction fees. This enables the QOZB to lease out a fleet of computing nodes under management thereby generating streams of revenue from the hardware and low-rated electricity contracts.
“It really is all about timing, job creation and opening more facilities throughout the USA,” said Adam Greenberg, fund manager and former MLB player for the Chicago Cubs and the Miami Marlins. “We firmly