Hut 8 Partners With Foundry Digital To Secure 475 PH/s In Bitcoin Mining Capa...
Hut 8 Mining Corp. has announced a partnership with financial services firm Foundry Digital to secure $11.8 million in financing, which it will put toward 5,400 new MicroBT Whatsminer M30S mining rigs, adding 475 petahashes per second (PH/s) to its mining capacity over the next six months. The financing is structured as a 12-month term with an annual interest rate of 16.5 percent. In the recently-published announcement, Hut 8 CEO Jaime Leverton acknowledged that securing new mining equipment is a big challenge for everyone in the business right now. “This partnership builds on Hut....
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On April 23, the publicly listed mining operation Bitfarms revealed a partnership with the Digital Currency Group (DCG) subsidiary Foundry Digital LLC. Bitfarms will be joining Foundry’s American mining pool and the two bitcoin mining firms have revealed the joint purchase of 2,465 Whatsminer M30S ASIC mining machines. Bitfarms Partners With Foundry’s US Operations At the end of March, the mining company Hut 8 explained that the bitcoin mining operation was joining Foundry’s U.S. mining pool. At the time, Hut 8’s CEO Jaime Leverton explained that “having a....
Bitcoin miner Greenidge has partnered with Foundry Digital to buy 2,300 WhatsMiners and finance 6,000 Antminers, plus join Foundry USA Pool.
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 Top Bitcoin Miner, Firm Reveals New Mining Machine Marketplace With Access to 40,000 ASICs At the end of August 2020, Digital Currency Group (DCG) revealed that....
On Tuesday, Digital Currency Group’s (DCG) mining subsidiary, Foundry Digital, announced the company has joined the Texas Blockchain Council (TBC), a nonprofit industry association in the state of Texas. Foundry detailed the newly formed alliance is aimed at Foundry’s efforts to “help shape the regulatory landscape for digital assets” in North America. Foundry Becomes a Texas Blockchain Council Strategic Partner Member The digital asset mining, staking, and advisory services firm Foundry Digital has announced it has joined the Texas Blockchain Council (TBC). The....
Greenidge Generation Holdings Inc., the mining firm based in Upstate New York, has announced the company has partnered with the Digital Currency Group mining and staking subsidiary Foundry Digital LLC. Furthermore, Greenidge revealed that it has purchased 2,300 Microbt-manufactured Whatsminer M30S mining rigs and also secured financing for 6,000 Bitmain-made Antminer S19 devices. Greenidge Partners With Foundry, 8,300 Bitcoin Miners Transferred in the Deal On Wednesday, Greenidge announced that the company has partnered with the Rochester, New York-headquartered Foundry, a company that....