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Grayscale announces new arm to invest in Bitcoin mining hardware

by Repost Admin October 6, 2022, 7:41 pm 1.5k Views

Grayscale plans to buy mining equipment at discounted prices and offer co-investment opportunities to accredited investors.

Grayscale Investments announced on Oct. 6 the formation of Grayscale Digital Infrastructure Opportunities LLC (“GDIO”), a co-investment opportunity focused on Bitcoin mining hardware. By leveraging its affiliated staking infrastructure firm, Foundry, the company plans to acquire mining equipment at reduced prices during the crypto winter.

The company said the new entity will be available to individuals and institutional accredited investors at a minimum investment of $25,000. The funding