Grayscale Unveils Mining Hardware Exposure Via Private Product
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Grayscale anticipates mining equipment to become available at “distressed levels” in coming months Firm is set to use hardware to mine and sell bitcoin daily A new private co-investment product from Grayscale Investments is designed to allow investors to gain exposure to mining hardware as it seeks to capitalize on buying opportunities in the distressed segment. Capital raised by The Grayscale Digital Infrastructure Opportunities LLC (GDIO) will mainly be used to purchase mining hardware, according to Rayhaneh Sharif-Askary, Grayscale’s head of investor relations. GDIO will employ its hardware by seeking to mine and sell bitcoin daily and will look to
On Jan. 30, the firm announced the Grayscale Bitcoin Miners ETF with the ticker MNRS. The product is a passively managed ETF tracking the mining industry and the Indxx Bitcoin Miners Index. “MNRS provides exposure to Bitcoin Miners and the global Bitcoin mining industry at a time when we’re seeing…
Grayscale, the world’s largest digital asset–focused investment platform, announced today that its Grayscale® Near Trust has begun trading on the OTCQB® market operated by OTC Markets Group Inc., under the ticker GSNR. The move marks a key step in Grayscale’s strategy to bring private digital-asset offerings into public markets and…