Foundry Digital has opened its US-based mining pool, Foundry USA, to institutional partners. Upon this announcement, Foundry also released a statement with Bitcoin mining company Blockcap to announce that Blockcap had added 10,000 mining rigs to the Foundry USA pool.
Blockcap is one of two companies that have purchased a total of 36,000 Bitmain Bitcoin miners in March 2021, worth more than $150 million total.
Blockcap, a Bitcoin mining company that launched in 2020, is expecting to have more than 40,000 Bitcoin miners operational by Q4 2021. Blockcap is currently one of the largest Bitcoin mining firms in North America, and currently mines approximately 6 Bitcoin per day.
Foundry announced in March 2021 that it was opening its Foundry USA mining pool, an entirely-United States-based Bitcoin mining operation, to industrial partners after testing in beta and private modes.
Foundry, a subsidiary of Digital Currency Group, announced on March 11 that it was opening its Foundry USA mining pool to industrial partners after testing in beta and private modes.
Foundry Opens its Mining Pool to Large Institutional Clients as Blockcap Onboards with 10,000 Machines
Blockcap and Foundry, a subsidiary of Digital Currency Group, released a joint announcement in March 2021 stating that Blockcap is mining on the Foundry USA pool. Blockcap is utilizing approximately 10,000 of the latest-generation mining machines, which are generating more than 0.91 exahashes of compute power.
Foundry, a subsidiary of Digital Currency Group, announced in March 2021 that it would open its Foundry USA mining pool to institutional partners, after spending months mining in a private beta mode.
Foundry Digital announced that it has partnered with Darin Feinstein’s digital assets company, Blockcap, to allow Blockcap to mine Bitcoin in its pool. At the time of this announcement, Blockcap released a statement saying it was using approximately 10,000 latest generation mining rings in all of its operations.
Since its introduction in 2008, Bitcoin has revolutionized the way we think and use currency. And, with more and more investors trusting digital assets, Bitcoin’s future appears to be promising.
Bitcoin is a decentralized, digital asset that has both intrigued and confused consumers since its introduction. Because of lack of understanding, myths about the digital asset have spread.