Foundry Digital Opens Mining Pool for Institutions

Foundry Digital, a subsidiary of Barry Silbert’s Digital Currency Group, announced that it is looking for institutional clients willing to join its Foundry USA Bitcoin mining pool, CoinDesk reports .

Since October 2020, the pool has been in beta testing. According to BTC.com , it already accounts for 2.1% of the Bitcoin network hashrate.

Data: BTC.com.

Simultaneously with the end of the beta phase, the American mining company Blockcap became a client of Foundry USA. The firm has a fleet of approximately 10,000 miners that generate a hash rate of around 0.95 EH / s.

Blockcap expects 10,000 Antminer S19 units from Bitmain and 8400 Avalonminer 1246 units from Canaan this year .

Since its launch, Foundry USA has mined 120 BTC , of which 35 in February. In March, the number of bitcoins mined by the pool has already reached 24 (at the time of writing).

Foundry joined the Digital Currency Group in August last year. Following the takeover, Barry Silbert’s company pledged to invest $ 100 million in Foundry during 2021.

We will remind, in January, announcing the launch of the mining pool, Silbert said that it will become the largest in the United States .

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