A build-and-grow approach to digital infrastructure
Investing at the intersection of energy and compute
MGMT targets mispriced digital infrastructure where traditional investors won’t compete:
~ Sub-€10m, modular, Bitcoin-enabled
assets in low-cost energy regions.
The Opportunity
~ Deploy flexible compute where energy is low cost, stranded or curtailed.
~ Monetize grid volatility + heat recapture.
~ Build control positions with multiple exit paths.
~ Distributions to LPs once generating cash flow.
The Strategy
~ Proven hands-on operators: 20MW managed in Iceland since 2019.
~ Diversified revenue: Mining + grid balancing + heat sales.
~ First-move advantage in Nordic markets.
The Edge
~ Strategy: Digital Infrastructure.
~ Geography: Finland + select regions.
~ Luxembourg SLP (tax transparent).
~ Contact for more information.
Fund Overview
The Perfect Storm: Where Compute Meets Grid Chaos
Data Center demand growing while renewables create unprecedented volatility
~ AI and enterprise workloads driving unprecedented data center growth.
Exponential Compute Demand
~ Wind and solar making grids unstable - increasing value of flexible loads.
Renewable Integration Volatility
~ Energy-abundant regions can lack infrastructure or experience temporary supply/demand mismatch.
~ This can result in curtailment and negative pricing.
Stranded Energy Assets
~ Store of value narrative strengthening as government deficits grow.
Institutional Bitcoin Adoption
Result: Modular compute turns energy volatility into cash flow
Why Bitcoin Mining is the Solution
The only compute load that profits from energy volatility
Instant On/Off Capability
~ Can stop and start in minutes as well as adjust power-draw in seconds.
~ Minimal ramp-up and no cool-down period.
~ Perfect for demand response and grid balancing.
Location Agnostic
~ Only requires internet connect - Works anywhere.
~ Low latency sensitivity - Unlike AI/Cloud worklods.
~ Enables monetization of stranded or remote energy.
Interruptible Without Consequence
~ No customer SLAs or uptime requirements.
~ Revenue loss from downtime = Opportunity cost only.
~ Can optimize for lower-cost power hours.
Economic Advantage
~ Mine only during cheap or negative price hours.
~ Get paid for flexibility - Grid service premiums.
~ Traditional data centers can’t do this as they require 99.9% uptime requirements.
The Result
Bitcoin mining is the only technology that can:
~ Absorb excess renewable energy profitably.
~ Curtail instantly when grid needs power.
~ Operate economically at 50-90% uptime.
~ Turn grid volatility into a revenue opportunity.
Our Structural Advantage
Where size becomes a disadvantage and flexibility wins
What traditional infrastructure investors require
~ Large minimum project size - We target €5-20M with potential to scale.
~ Long-term fixed leases - We accept flexible arrangements.
~ 99.9% uptime - We optimize at 50-90% for better economics.
~ Misguided ESG frameworks that exclude Bitcoin - We embrace it.
~ Scalable Sub-€10M projects in emerging energy markets.
~ Grid services revenue.
~ Heat sales to industry or municipal networks.
~ Sub-18-month deployment windows.
What they systematically miss
~ Projects too small for billion-dollar funds to underwrite efficiently.
~ Too operationally complex for financial buyers.
~ Too Bitcoin-exposed for ESG-constrained capital.
~ Too attractive risk-adjusted returns to ignore.
The result
“Where others seek stable yield, we extract value from energy volatility and compute arbitrage”
Three Revenue Streams, One Resilient Model
Mining delivers strong returns standalone, grid services and heat sales enhance them further
Bitcoin Mining (Day-one cash flow)
~ Block rewards + transaction fees.
~ Funds growth or distributions to investors.
~ Primary revenue driver.
Grid Balancing (Demand Response Payments)
~Get paid for flexibility.
~ Frequency regulation services.
~ Capacity reservation fees.
Heat Reuse (Industrial or Municipal partnerships)
~ Sell heat to district heating networks.
~ Multi-year contracted revenue, or;
~ Partner co-funded infrastructure.
Key Advantages
~ Mining delivers cash flow from day one.
~ Grid and Heat revenue enhance returns.
~ Diversification of revenue.
~ Preserves upside while lowering risk.
Learn more.
info@mgmt.is
+354 617 0030
Skogarhlid 12,
105 Reykjavik, Iceland
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