Foundry Digital, the subsidiary of Digital Currency Group led by Barry Silbert, announced that it is seeking institutional clients willing to join its Foundry USA bitcoin mining pool, according to CoinDesk.
Since October 2020, the pool has been operating in beta. According to data from BTC.com, it accounts for 2.1% of the Bitcoin network’s hashrate.
Data: BTC.com.
Concurrently with the beta phase ending, Blockcap became a client of Foundry USA. The firm operates a fleet of around 10,000 miners, generating roughly 0.95 EH/s of hashrate.
This year Blockcap expects deliveries of 10,000 units of Antminer S19 from Bitmain and 8,400 AvalonMiner 1246 from Canaan.
Since its launch, Foundry USA mined 120 BTC, of which 35 were in February. By March, the amount mined by the pool had reached 24 (as of writing).
Foundry joined the Digital Currency Group in August last year. Following the acquisition, Barry Silbert’s firm committed to invest $100 million in Foundry during 2021.
Earlier in January, when announcing the mining pool’s launch, Silbert said he will become the largest in the United States.
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