Grayscale Investments, the world's largest crypto assets manager, has announced the creation of a new entity called Grayscale Digital Infrastructure Opportunities LLC (“GDIO”) that will focus on Bitcoin mining infrastructure investments.
In a press release, Grayscale stated that the venture will assist accredited investors to capitalize on the crypto market downturn. In particular, the co-investment vehicle will buy Bitcoin mining equipment at distressed prices with which it will expand its own mining operations.
Grayscale is partnering with Foundry Digital, a subsidiary of Grayscale's parent company Digital Currency Group (DCG), to manage the entity in a first-of-its-kind arrangement in its product line. Foundry, which is the largest Bitcoin mining pool by computing power in the world, will run the day-to-day mining operations of GDIO.
“Grayscale’s unique position at the center of the crypto ecosystem enables us to create offerings that allow investors to put capital to work...
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