Michael Colyer, Foundry Digital’s CEO, said, ”As part of Foundry’s mission to empower a decentralized infrastructure, we’re excited to partner with Grayscale to broaden the ability to invest in Bitcoin mining during this opportune time.”
Grayscale Investment partnered up with Foundry Digital to launch an investment vehicle centered around Bitcoin mining. The co-investment product will capitalize on the depressed prices of Bitcoin mining equipment caused by the bearish market.
Grayscale's latest offering, Grayscale Digital Infrastructure Opportunities (GDIO), will rely on Foundry to assist in its operations. The GDIO is available for accredited investors starting at a minimum investment of $25K.
The funds available for GDIO will be used to buy mining equipment at low rates. Grayscale will profit from the crypto winter that caused many mining firms to sell their rigs to cover operational expenses.
In the words of Grayscale’s CEO, Michael Sonnenshein,
“Grayscale’s unique position at the center of the crypto ecosystem enables us to create offerings that allow investors to put capital to work through differing market cycles.”
The GDIO will use the purchased hardware to mine and sell Bitcoin on a daily basis. GDIO is a 3-5 year project, and the profits will be distributed among the investors every quarter.
