Foundry | ForkLog

ForkLog 19 04.12.2024

Foundry Mining Pool Reduces Workforce by 27%

Foundry, the largest mining pool in the United States, has reduced its workforce by 27%, from 274 to 200 employees, according to Blockspace. Sources indicate that the company has begun restructuring its business, transferring around 20 employees to a new subsidiary under Barry Silbert’s Digital Currency Group (DCG) — an AI startup named Yuma, built […]

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ForkLog 13 18.04.2024

Foundry Pool to Share Profits from Potential ‘Epic’ Satoshi Mining

The team at Foundry USA mining pool plans to distribute profits from the commercialization of an ‘epic’ satoshi (epic sat) among participants, should they mine the first Bitcoin block post-halving. A screenshot of the announcement was shared by The Mining Pod podcast host Will Foxley. A similar message was posted by Ethereum Ninjalerts CEO Trevor […]

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ForkLog 7 01.12.2023

Antpool overtakes Foundry USA in Bitcoin blocks mined

Bitmain's subsidiary Antpool overtook Foundry USA in November, becoming the largest Bitcoin mining pool by blocks mined.

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ForkLog 12 23.11.2022

Foundry to buy two mining centres from the bankrupt Compute North

The DCG-owned Foundry Digital has signed an agreement with Compute North to acquire two operating cryptocurrency mining facilities and other assets.

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ForkLog 13 21.10.2022

Foundry says the ASIC-miner market is in a deflationary spiral.

As the ASIC-miner market stalls in a deflationary spiral, there is an obvious gap between the prices sellers are asking and what buyers are willing to pay, according to Foundry.

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ForkLog 14 06.10.2022

Grayscale creates vehicle for bitcoin-mining investments

The digital asset manager Grayscale Investments has launched a product for joint investments in bitcoin mining equipment amid the crypto winter.

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ForkLog 7 08.12.2021

Foundry mining pool to launch marketplace for selling Bitcoin mining equipment

The mining pool Foundry, owned by Digital Currency Group, announced the launch of FoundryX, a marketplace for buying and selling bitcoin mining equipment.

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ForkLog 14 18.11.2021

Foundry mining pool leads hash rate

On November 18, the Foundry mining pool, run by the American company Foundry, led the hash rate. At one point its share of the Bitcoin network’s total computing power exceeded 21%.

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ForkLog 8 27.09.2021

CleanSpark becomes a client of the Foundry USA Pool

The Nasdaq-listed mining company CleanSpark said it moved all of its Bitcoin mining hash rate to the Foundry USA Pool, with plans to triple it within a year.

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ForkLog 8 23.04.2021

Bitfarms becomes a client of the Foundry USA mining pool

The Toronto-listed Bitfarms has joined the Foundry USA mining pool, a subsidiary of Barry Silbert's DCG.

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ForkLog 6 01.04.2021

Foundry Digital backs Blockcap with $75 million funding

American mining company Blockcap raised $75 million in two rounds of financing from Foundry Digital and Off The Chain Capital, according to Cointelegraph. The funds will be used to expand its Bitcoin mining fleet from 12,000 to 30,000 devices. Blockcap estimates that by year-end its hash rate will reach 3.5 EH/s. Blockcap was founded in 2020 by former employees of the American blockchain-hosting provider Core Scientific. The company houses all of its mining rigs in Core Scientific's data centers.

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ForkLog 7 23.03.2021

Barry Silbert’s Foundry to expand mining capacity with Hut 8 equipment

Barry Silbert's Foundry Digital, a subsidiary of Digital Currency Group (DCG), announced the inclusion of Hut 8's device fleet in the Foundry USA pool for Bitcoin mining.

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