Grayscale unveils bitcoin mining-centered investment entity

Grayscale is launching Grayscale Digital Infrastructure Opportunities, a “private, co-investment opportunity in mining hardware that powers the bitcoin ecosystem.”

Crypto asset management firm Grayscale aims to take advantage of the slide in crypto prices with a new investment product focused on bitcoin mining hardware.It was launched via the newly founded Grayscale Digital Infrastructure Opportunities , a"private, co-investment opportunity in mining hardware that powers the bitcoin ecosystem."

GDIO will be open for investments from"eligible" individual and institutional accredited investors, the company said. Foundry, which runs one of the biggest mining pools, Foundry USA, will manage the day-to-day operations of the new entity, which is the first of its kind for Grayscale. Foundry and Grayscale are both subsidiaries of the Digital Currency Group .

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Grayscale's New Co-Investment Vehicle Aims to 'Capture the Upside of Crypto Winter' – Bitcoin NewsGrayscale's new co-investment vehicle GDIO looks for opportunities within the crypto economy’s market cycles. Nice! I have been copying signals from ChiefraFba and have a 92% win rate crypto is the best Do Not miss $DESO DecentralizedSocial
Source: BTCTN - 🏆 531. / 51 Read more »

Asset Management Giant GoldenTree Discloses $5.2M Investment in SushiSwapGoldenTree has invested about $5.2 million in the SushiSwap governance token, the asset management giant said in a forum post on Wednesday. JPRubin23 reports SushiSwap JPRubin23 have youu seen what is happening in Uniswap SushiSwap JPRubin23 while Bybit is committing over $1B on annual basis to bitDAO's treasury, contributing to its mission in making web3 more accessible and bring financial freedom to individuals around the world SushiSwap JPRubin23 Typo in the story - $47 million of assets under management should be billion.
Source: CoinDesk - 🏆 291. / 63 Read more »