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The management fee on this Fund is not enough to cover the expenses directly involved in managing the fund, hence we raised a small private equity round to cover our internal business expenses (salaries, rent, back-office systems, travel, support, contract management, etc) while we grow Ignite Financing and our Fund -> Lease model, as well as additional internal initiatives, such as smart contracts (leases directly on the blockchain) and other interesting applications of the Bitcoin technology within the business.

Ignite Financing is subsidizing the Fund's management and administration expenses since the method is new to the space, and we have to prove this method to investors through good returns in order to raise additional funds to back ever more machines (this raise purchases around 12 machines against our current outstanding orders of over 80).
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