Grayscale Investments, the largest crypto asset management, is establishing a company to purchase Bitcoin mining equipment at discounted costs. Grayscale Digital Infrastructure Opportunities LLC (GDIO), situated in New York, will be open to accredited investors such as hedge funds and family offices for a minimum investment of $25,000. Grayscale’s CEO Michael Sonnenshein told Bloomberg News that GDIO intends to purchase mining computer equipment and aims to profit by selling the Bitcoin produced in the process. Grayscale anticipates completing the funding before the end of the fourth quarter.
