Grayscale is making a significant change to one of its investment products focused on crypto assets. The company plans to reposition the fund codenamed MNRS, which is traded under the name Grayscale Bitcoin Miners ETF, with a new structure that focuses on artificial intelligence and high-performance computing.
Name and index change planned
According to the current plan, the Grayscale Bitcoin Miners ETF is expected to be renamed to Grayscale AI Compute ETF around September 15, 2026. Indxx Bitcoin Miners Index, the underlying index of the fund, will also be named Indxx High Performance Computing Index.
Grayscale is known as an asset manager known for its digital asset investment products. With the latest change, the investment framework of the fund will also be reshaped. Instead of tracking companies predominantly linked to Bitcoin mining, the structure will now focus on data centers, computing hardware and similar high-performance technology infrastructures that support the artificial intelligence development process.
In the new structure of the fund, the focus will shift from Bitcoin mining companies to businesses that provide the data center and computing infrastructure required for artificial intelligence.
The fund’s strategy is changing
MNRS was launched in January 2025 to provide investors with access to Bitcoin mining companies and the broader mining ecosystem. The fund’s portfolio included prominent companies in the sector such as Marathon Digital, Riot Platforms and Core Scientific.
The new strategy also dovetails with some Bitcoin miners seeking to expand beyond their cryptocurrency activities. Some of these companies are trying to expand into the field of artificial intelligence and high-performance computing by using their existing advantages such as access to large-scale data centers, energy infrastructure and specialized equipment.
Companies like Riot Platforms and Marathon Digital have evaluated options to deliver compute capacity for AI workloads as demand for data center resources increases. This trend indicates that mining companies can transform from being solely crypto-focused structures to a broader digital infrastructure provider.
| Title | old building | new building |
|---|---|---|
| Fund name | Grayscale Bitcoin Miners ETF | Grayscale AI Compute ETF |
| focus area | Bitcoin mining companies | Artificial intelligence and high-performance computing infrastructure |
| Underlying index | Indxx Bitcoin Miners Index | Indxx High Performance Computing Index |
Crypto and artificial intelligence are getting closer
Grayscale’s decision coincides with a period when the convergence between the cryptocurrency industry and the field of artificial intelligence is becoming more visible. While Bitcoin mining companies are increasingly positioned as digital infrastructure providers, artificial intelligence companies are also facing increasing need for processing power.
This picture can create new revenue areas, especially for companies with strong energy access and large data center capacity. Grayscale’s fund conversion also shows that investor interest is directed not only to crypto production, but also to different areas of use of the physical and technical infrastructure resulting from this production.
With the name change, the fund’s underlying index will also transition to a new structure focusing on high-performance computing companies.
