The firm Foundry Digital announced on Wednesday that the business has launched a bitcoin mining rig marketplace called Foundryx. According to Foundry, the company has access to more than 40,000 mining machines that are ready for resale. In addition to the marketplace launch, the company’s mining operation, Foundry USA, has become the world’s largest bitcoin miner in terms of hashrate.
Mining Pool Foundry USA Becomes First Bitcoin Miner, Company Reveals New Mining Machinery Market With Access to 40,000 ASICs
At the end of August 2020, Digital Currency Group (DCG) revealed that it pledged $100 million to a cryptocurrency mining firm called Foundry. The company was quietly founded in 2019 and ever since the firm’s inception, it has made significant headway in the bitcoin mining industry.
As a subsidiary of DCG, Foundry provides machinery, capital, advice and intelligence to digital asset miners. The company also operates a mining pool called Foundry USA, which is the largest bitcoin mining pool on December 8, 2021, with 16.5% of the global hashrate or 29.83 exahash per second (EH / s) of hash power.
During the last couple of month’s Foundry USA has been a top pool, consistently commanding a position in the top five mining pools globally. On the same day it commands the largest fraction of SHA256 hashpower worldwide, Foundry announced the launch of a bitcoin mining rig market called Foundryx.
The marketplace connects buyers and sellers of bitcoin mining machines and customers have access to the company’s inventory and prices. The company says it has secured more than 40,000 machines from Microbt and Bitmain that can be delivered in 2022.
Foundry also says that Foundryx customers can also leverage the company’s enterprise-grade products including services like financing, shipping, logistics, and pooled mining via the company’s mining pool Foundry USA.
“Foundry addresses these issues by providing buyers and sellers with a reliable and reliable United States-based secondary market for mining machinery,” the company announcement explains.
“Foundry solves these problems by providing buyers and sellers with a trusted and reliable U.S.-based secondary market for mining machines,” the company’s announcement explains.
Foundry’s Marketplace follows the company launching a suite of services for 20 crypto staking networks. The company has also partnered with a number of bitcoin mining operations this year, including companies such as Greenidge Generation Holdings, Bitfams, Hut8, Cleanspark, Core Scientific, Compute North, Bit Digital, Bitdeer, and Hive.
