“CoinSeed, a Bitcoin focused investment fund led by Harvard Business School graduate, Merlin Kauffman, has purchased what is believed to be the largest private single sale of specialized Bitcoin mining hardware in existence. In total $5 million worth of BitFury’s 55nm ASIC based Bitcoin mining hardware was acquired as the first building block to create one of the largest commercial Bitcoin mining infrastructures. After raising over $7.5 million from undisclosed private investors in less than one month, CoinSeed is now aggressively investing in Bitcoin mining hardware to secure a long-term position as a leader in commercial Bitcoin mining.”

http://www.heraldonline.com/2014/01/23/5608365/coinseed-invests-5-million-in.html

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