Robinhood’s New Fund: Retail Investors Finally Get a Shot at the Elite Club 🎩💰

Private market access has long been restricted to institutions and high-net-worth individuals, leaving everyday traders unable to participate in some of the most lucrative stages of company growth. Robinhood Markets Inc. (Nasdaq: HOOD) announced on Sept. 15 that it is taking steps to change this dynamic through the launch of Robinhood Ventures Fund I (RVI). The new fund, managed by Robinhood Ventures DE, LLC, a newly formed wholly owned subsidiary of Robinhood Markets, is designed to open early-stage private company investment opportunities to retail investors. The firm explained:

🤑 Bitcoin Miners: Profits Wane as Hashrate Soars! 🌪️

The sagacious analysts, led by one Jonathan Petersen, assert that the surge in hashrate hath had a direct and deleterious effect upon the earnings of these miners. In their missive, they remark, “A hypothetical 1 EH/s fleet of BTC miners would have generated ~$55k/day in revenue during August, compared to ~$58k/day in July and ~$44k a year prior.” This, dear reader, doth illustrate that while profits have improved since yesteryear, the month-over-month trend reveals a mounting pressure from the network’s increasing difficulty. 🧮