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Grayscale Released New Division Focusing On Bitcoin Mining Hardware Investments

By | October 7, 2022

Grayscale Investments reportedly revealed specifics regarding the establishment of Grayscale Digital Infrastructure Opportunities LLC (“GDIO”), a Bitcoin mining hardware-centric co-investment opportunity. 

Specifically, via taking advantage of its affiliated staking infrastructure entity, Foundry, the firm has plans down its pipeline to complete the acquisition of mining equipment at a lowered prices during the crypto winter.

Per the firm, the freshly rolled out entity will be offered to individuals and institutional accredited investors at the lowest possible investment level of $25,000. 

The funding is expected to be finalized prior to the end of 2022, and will provide liquidity the same as private equity or infrastructure assets that have a three-to-five-year investment horizon. 

Investors who are viewed as accredited are reportedly required to satisfy particular criteria in terms of income, net worth, qualifications and knowledge of financial markets.

“Our team has long been committed to lowering the barrier for investing in the crypto ecosystem — from direct digital asset exposure, to diversified thematic products, and now infrastructure through GDIO” Grayscale CEO Michael Sonnenshein further shared. 

Foundry reportedly takes care of operations for one of the most major mining pools throughout the globe – Foundry USA – under the same parent firm as Grayscale, the Digital Currency Group. In 2021, Foundry USA secured the 2nd spot in the list of top-tier Bitcoin mining pools, following China’s ban on crypto trading and mining activities.

Recently, an increased number of firms have sought consolidation opportunities during bearish movements throughout the crypto market and high-energy costs. In September, the Crypto mining entity CleanSparkannounced an agreement to acquire Mawson’s Bitcoin mining facility in Sandersville, Georgia for $33 million.

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