Key Facts
• In 2019, Prince Andrew arranged a private Buckingham Palace tour for cryptocurrency executives.
• The executives’ firm, Pegasus Group Holdings, signed a $2.8M deal with Andrew’s ex-wife, Sarah Ferguson.
• The deal included Ferguson as a brand ambassador for a failed cryptocurrency mining project.
• The project aimed to use solar power for Bitcoin mining but secured only 615 of 16,000 planned generators.
• The mining venture collapsed, causing millions in losses for investors.
• In 2021, a court ordered Pegasus to pay $4.1M in damages to investors.
• Buckingham Palace began proceedings in October 2025 to strip Andrew of royal titles and residence.
• The move followed public backlash over Andrew’s ties to convicted sex offender Jeffrey Epstein.
• Ferguson received over £200,000 in payments and shares from Pegasus for her role.
• BBC inquiries to Andrew and Ferguson about their involvement went unanswered.
Summary
Prince Andrew arranged a private Buckingham Palace tour in 2019 for executives of Pegasus Group Holdings, a cryptocurrency mining firm that had a $2.8M deal with his ex-wife, Sarah Ferguson. The deal made Ferguson a brand ambassador for a solar-powered Bitcoin mining project, which ultimately failed, causing significant investor losses. The project secured only 615 of the planned 16,000 generators, generating just $33,779 in cryptocurrency. In 2021, a court ordered Pegasus to pay $4.1M in damages. Buckingham Palace announced in October 2025 that Andrew would lose his royal titles and residence, following public criticism over his connections to Jeffrey Epstein. Ferguson received substantial payments and shares from Pegasus but has not responded to BBC inquiries about her involvement.
