New Bitcoin Mining Investment Opportunity Announced By Grayscale

Grayscale Investments is giving investors the chance to invest in Bitcoin (BTC) mining hardware during the ongoing bear market. Essentially, this will be a private, co-investment opportunity in BTC mining hardware. Foundry, a digital asset staking and mining infrastructure firm, shall reportedly manage daily operations for the company.

Important details

The Grayscale Digital Infrastructure Opportunities LLC, also known as GDIO, is now accessible to skilled and experienced retail and institutional investors. Furthermore, Grayscale will distribute a portion of the proceeds from its endeavors to GDIO investors on a quarterly basis. Grayscale will therefore use GDIO investor capital to purchase mining hardware for at least three years. It shall mine and then sell BTC using the hardware.

For those who may not know, Bitcoin mining is the time-consuming and energy-intensive process by which a computer network creates and verifies a new transaction block. A miner is the node in the network which creates that block. Typically, a miner is compensated in BTC for his efforts, which usually necessitate substantial amounts of electricity as well as computing power.

Grayscale still involved with crypto despite ongoing bear market

It is no secret that Grayscale has been interested in crypto for a long time, and many would agree it is among the main companies responsible for pushing the flagship crypto further into the mainstream. As such, Grayscales unique role at the heart of the crypto ecosystem allows the company to create offerings which enable investors to utilize capital in order for it to work across market cycles, according to Grayscale CEO Michael Sonnenshein.

GDIO is hence yet another attempt by the company to supply investors with some much needed exposure to BTC without actually holding the digital asset directly. Investors may additionally buy shares in Grayscales GBTC trust and gain exposure to the worlds biggest crypto by market capitalization through the companys legally regulated business in the United States.

GDIO would be using invested capital to buy mining equipment, which will be readily available in the coming months at likely discounted prices, said Rayhaneh Sharif-Askary, Grayscales Managing Director and Head of Investor Relations. She further stated that GDIO will then use this equipment to mine BTC, sell it on a daily basis, and then distribute the proceeds to investors as aforementioned, thereby generating income. Lastly, according to the company, GDIO will only accept investments from eligible retail and institutional accredited investors.