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According to the announcement, Grayscale will leverage the operating expertise of Foundry – its affiliated digital asset mining, staking and infrastructure firm – to manage the day-to-day operations of GDIO in a first-of-its-kind product suite offered by the asset manager. Funds invested into the new product will be put towards purchasing mining equipment, according to Rayhaneh Sharif-Askary, Grayscale head of investor relations, who expects to see a lot of low-priced mining machines put up for sale in the coming months amid the ongoing crypto winter.
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