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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, 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.