Grayscale announces new arm to invest in Bitcoin mining hardware
Cointelegraph
Published Oct 06, 2022 03:00PM ET
Updated Oct 07, 2022 05:00PM ET
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 is expected to be completed before the end of this year and will offer liquidity similar to private equity or infrastructure assets that have a three-to-five-year investment horizon, as Bloomberg reports. Investors who are considered accredited must meet certain criteria regarding their income, net worth, qualifications and knowledge of financial markets.
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Written By: Cointelegraph
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