The world’s largest crypto asset manager grayscale, investors of Bitcoin ( BTC) announced a new investment tool that it can use on mining.
Grayscale has released a new investment vehicle as a solution to the burden of delays and costs in BTC mining infrastructures. Posting on social media, the asset manager announced the successful launch of this new tool. The investment vehicle will provide liquidity for BTC mining. It is aimed to revitalize the mining system.
Grayscale Launches Bitcoin Mining Investment Tool
In the crypto market, which continues its challenging process, the world’s most powerful digital asset manager has announced a new investment tool. It will benefit its users from the low prices of Bitcoin mining infrastructures. With the system to be established, users will be able to invest in mining infrastructure. They will both be a shareholder of the increased mining revenues and gain the right to earn dividends.
The asset manager has launched his service, which supports BTC mining and offers the opportunity to invest in mining technology. Grayscale Digital Infrastructure Opportunities LLC (GDIO) stated that as of today, it is at the disposal of users. The digital asset company will use Foundry infrastructure, a digital asset mining and betting infrastructure provider, to run GDIO’s day-to-day operations at up-to-date prices.
CEO of Grayscale Michael Sonnenshein, said:
“Grayscale’s unique position at the heart of the crypto ecosystem allows us to create offerings that allow investors to put capital to work across different market cycles.”
The company will act in partnership with Foundry, whose operations it uses. The asset company, which wants to distribute dividends to its investors, will use the distribution mechanism in the Foundry infrastructure.
Thus, users who invest in the BTC mining product will also have the opportunity to earn dividends.
