Grayscale Launches Investment in Bitcoin Mining Hardware During Crypto Winter

JAKARTA - Grayscale Investments announced on October 6 the formation of Grayscale Digital Infrastructure Opportunities LLC ("GDIO"), a co-investment opportunity focused on Bitcoin mining hardware. By leveraging its affiliated staking infrastructure firm, Foundry, the company plans to acquire mining equipment at lower prices during the crypto winter.

The company said the new entity will be available to accredited individuals and institutional investors with a minimum investment of $25,000. The funding is expected to be completed before the end of this year and will offer similar liquidity to private equity or infrastructure assets that have an investment horizon of three to five years. Investors deemed accredited must meet certain criteria regarding their income, net worth, qualifications and knowledge of financial markets.

“Our team has long been committed to lowering barriers to investing in the crypto ecosystem — from direct digital asset exposure, to diversified thematic products, and now infrastructure through GDIO,” said Grayscale CEO Michael Sonnenshein in a press statement quoted by Cointelegraph.

Foundry operates one of the largest mining pools in the world, Foundry USA, under the same parent company as Grayscale, Digital Currency Group. Last year, Foundry USA became the second largest Bitcoin mining pool after China's ban on crypto trading and mining activity.

Recently, more companies are looking for consolidation opportunities amid a sluggish market and high energy costs. In September, Crypto mining company CleanSparkan announced a deal to acquire the Mawson Bitcoin mining facility in Sandersville, Georgia for 33 million US dollars.

A few days earlier, the company revealed a purchase agreement with Cryptech Solutions for 10.000 units of Bitmain Antminer S19j Pro for a total price of 28 million US dollars. In July, Clean Spark purchased over 1.000 Bitcoin miners from Whatsminer M30S at a "substantially discounted price." Last June, the mining company also purchased 1.800 Antminer S19 XP rigs.