The global market for mining equipment is beginning to buy on a large scale

Cheaper miners have become in significant demand.
Following former Bitmain CEO Jihan Wu’s builds strategy to make significant investments in the purchase of mining equipment, it became known that one of the key investment players in the cryptocurrency market, the company Grayscale, comes out with the same intentions.
To this end, Grayscale Digital Infrastructure Opportunities (GDIO), a division of Grayscale, is being created to work closely with Foundry, whose Foundry USA mining pool is the largest in the world. Recall that both Grayscale and Foundry have a single parent organization, Digital Currency Group (DCG), which, among other things, operates a number of media resources on the topic of cryptocurrencies.
It should be noted that late last year Foundry USA announced about launching a marketplace for trading mining equipment. Now, the talk is that GDIO and Foundry will be buying up miners from the marketplace for their own needs and to operate for an extended period of time. Most likely, this strategy will involve, as happened in the case of the former Bitmain CEO’s endeavors, investing in large physical stores of mining equipment as well.
Given the fact that the total investment in mining equipment by the above participants will go to hundreds of millions of dollars, we are talking about a large-scale investment. At the moment miners are close to the minimum prices of 2020, but there is reason to believe that such equipment will increase significantly in the foreseeable future. This is indicated, among other things, by the fact that a number of U.S. mining companies at the end of September clearly signaled about the already begun expansion of their operations with increased investment in bitcoin mining equipment.

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