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 .

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