Grayscale Launches Bitcoin Mining-Centric Investment Entity

Grayscale has reportedly announced the launch of Grayscale Digital Infrastructure Opportunities (GDIO), a bitcoin mining-focused investment entity that will be open to investment by “qualified” individual and institutional accredited investors. Rayhaneh Sharif-Askary, head of investor relations at Grayscale, said GDIO would use the investment funds to purchase the mining rig as it will be sold at a possibly discounted price in the coming months. Over the next few months, we expect some miners to be forced to liquidate their rigs. GDIO will then deploy the device to mine bitcoins, sell bitcoins daily, and distribute the resulting cash to investors, thereby generating revenue.