Grayscale, a crypto asset management company, was launched on October 6th announced Grayscale Digital Infrastructure Opportunities LLC is its latest launch. This private co-investment opportunity will enable accredited investors to have access to the infrastructure that powers digital asset ecosystem.
Grayscale will launch a private co-investment opportunity for mining hardware in order to enhance the bitcoin ecosystem. According to the statement, this newly launched project is “designed to capture the upside of crypto winter.”
According to the company, it will use the operating skills of Foundry, its digital asset mining, staking firm, to manage the day to day operations of GDIO, Grayscale Digital Infrastructure Opportunities, and acquire mining equipment at a lower price during crypto winter.
“GDIO will purchase mining equipment using invested capital. GDIO will then deploy this equipment to mine bitcoin, sell bitcoin daily, and distribute cash generated to investors, generating income,” said Rayhaneh Sharif-Askary, Grayscale head of investor relations.
Foundry (or Foundry USA) is part of the same parent company that Grayscale, The Digital Currency Group. Foundry is one of the largest mining pools in the world. Last year, Foundry USA ranked as the second-largest Bitcoin mining pool after China’s ban on crypto trading and mining activities.
“As part of Foundry’s mission to empower a decentralized infrastructure, we’re excited to partner with Grayscale to broaden the ability to invest in bitcoin mining during this opportune time,” said Foundry CEO Michael Colyer in a press statement from Grayscale.
Grayscale also stated that GDIO is available for investment by eligible individuals and accredited institutional investors.
“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.” Said Grayscale CEO Michael Sonnenshein.
Foundry digital joined the Blockchain Association in March. This group consists of industry leaders who advocate for innovation and collaboration to help support American leadership within the crypto industry.