{"id":39444,"date":"2021-03-23T20:29:24","date_gmt":"2021-03-23T18:29:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39444"},"modified":"2025-08-30T09:36:18","modified_gmt":"2025-08-30T06:36:18","slug":"barry-silberts-foundry-to-expand-mining-capacity-with-hut-8-equipment","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/barry-silberts-foundry-to-expand-mining-capacity-with-hut-8-equipment\/","title":{"rendered":"Barry Silbert&#8217;s Foundry to expand mining capacity with Hut 8 equipment"},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">Barry Silbert&#8217;s Foundry Digital, a subsidiary of Digital Currency Group (DCG), announced the inclusion of a park of devices owned by the Canadian firm Hut 8 into the Foundry USA pool for Bitcoin mining.<\/span><\/p>\n<p>\\n<\/p>\n<p><!--more--><\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">We welcome a new institutional miner to the Foundry USA Pool. <a href=\\\"https:\/\/twitter.com\/Hut8Mining?ref_src=twsrc%5Etfw\\\">@Hut8Mining<\/a> will enjoy our seamless integration into <a href=\\\"https:\/\/twitter.com\/GenesisTrading?ref_src=twsrc%5Etfw\\\">@GenesisTrading<\/a> services for maximized <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> mining yield, among other benefits of using a US-based, enterprise-focused pool.<a href=\\\"https:\/\/t.co\/RPKSOVFBtb\\\">https:\/\/t.co\/RPKSOVFBtb<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Foundry (@FoundryServices) <a href=\\\"https:\/\/twitter.com\/FoundryServices\/status\/1374325254525390854?ref_src=twsrc%5Etfw\\\">March 23, 2021<\/a><\/p>\n<p>\\n<\/p><\/blockquote>\n<p>\\n<script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Foundry aims to strengthen the Bitcoin ecosystem through geographic decentralisation of hashrate.<\/span><\/p>\n<p>\\n<\/p>\n<blockquote>\n<p><i><span style=\\\"font-weight: 400;\\\">\\&#8221;The integration with Hut 8 will bring us closer to the top five among mining pools in the world\\&#8221;<\/span><\/i><span style=\\\"font-weight: 400;\\\">, said Foundry head Mike Colyer.<\/span><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Hut 8 added 14,400 units of equipment for Bitcoin mining to the pool. Their total hash rate amounts to 0.88 EH\/s. By August 2021 they plan to launch an additional 5,000 miners and raise the hash rate to at least 1.2 EH\/s.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">The move was influenced by Foundry USA&#8217;s \\&#8221;mining-company finance-management services\\&#8221; offering. It stems from the seamless integration of the pool with Genesis, another DCG subsidiary.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">The service envisages the ability to generate yields from mined coins, secure storage, Bitcoin-backed lending, the use of derivative products, and a &#8216;smooth&#8217; liquidation.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Earlier in March this year Foundry Digital <a href=\"https:\/\/forklog.com\/en\/news\/foundry-digital-opens-mining-pool-for-institutional-clients\">announced<\/a> the invitation of institutional clients to the Foundry USA pool for Bitcoin mining.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">In January, announcing the launch of the mining pool, Silbert said that he <a href=\"https:\/\/forklog.com\/en\/news\/barry-silbert-foundry-set-to-become-the-largest-mining-pool-in-the-united-states\">will become the largest in the USA<\/a>.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Recently <a href=\"https:\/\/forklog.com\/en\/news\/banking-giant-sbi-holdings-launches-mining-pool\">about the creation of the pool<\/a>, SBI Holdings, a Japanese financial conglomerate, also announced.<\/span><\/p>\n<p>\\n<\/p>\n<p>Follow ForkLog&#8217;s news on Telegram: <a href=\\\"https:\/\/t.me\/forkloglive\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog FEED<\/a> \u2014 all the news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n<p>&#8220;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barry Silbert&#8217;s Foundry Digital, a subsidiary of Digital Currency Group (DCG), announced the inclusion of Hut 8&#8217;s device fleet in the Foundry USA pool for Bitcoin mining.<\/p>\n","protected":false},"author":1,"featured_media":39445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1506,1136],"class_list":["post-39444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-foundry","tag-hut-8"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=39444"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39444\/revisions"}],"predecessor-version":[{"id":39446,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39444\/revisions\/39446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/39445"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=39444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=39444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=39444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}