Grayscale announces new arm to invest in Bitcoin mining hardware
Grayscale plans to buy mining equipment at discounted prices and offer co-investment opportunities to accredited investors. Grayscale Investments announced on Oct. 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 reduced prices during the crypto winter.The company said the new entity will be available to individuals and institutional accredited investors at a minimum investment of....
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Cloud mining is a far safer way to invest in cryptocurrencies and get consistent passive income without directly using mining equipment or hardware. Cloud mining is the process of mining cryptocurrency without the direct use of mining equipment or hardware. The process allows users to mine Bitcoin or altcoins without having to manage their own resources.Related: What is an altcoin? A beginner’s guide to cryptocurrencies beyond BitcoinIn traditional crypto mining, cryptocurrency is produced through a computational process. Miners need to solve complex mathematical problems using mining....
Cryptocurrency mining hardware manufacturer BitFury on Wednesday announced a hosted mining service that will be available to all business customers (as opposed to a select few, we imagine). The company, which recently launched a seed investment fund, says that some 40 percent of all bitcoins are mined using BitFury chips, giving them an interesting and impressive track record. The move comes during a time in which self-mining with one's own hardware has become extremely cost-prohibitive, with constant hardware updates required and significant energy requirements. "We are a trusted partner....
River Mining takes care of hardware procurement, hosting and maintenance while enabling customers to easily monitor the performance of their mining portfolio.
Grayscale Investments plans to convert its Grayscale Bitcoin Trust, the world’s largest such product, into a bitcoin exchange-traded fund.
On October 6, Grayscale Investments announced a new venture that gives accredited investors the opportunity to invest in the mining infrastructure that powers the digital asset ecosystem. According to the announcement, the co-investment vehicle is called Grayscale Digital Infrastructure Opportunities (GDIO), and the crypto mining firm Foundry will handle the new product’s operations. GDIO is meant to “capture the upside of crypto winter,” Grayscale’s announcement on Thursday details.
Grayscale’s New Co-Investment Vehicle GDIO Looks for Opportunities....