Empowering
a decentralized
infrastructure

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About Us

Foundry was created to meet the institutional demand for better capital access, efficiency, and transparency in the digital currency mining and staking industry.

As a Digital Currency Group company, Foundry taps unparalleled institutional expertise, capital, and market intelligence to provide North American bitcoin miners and global manufacturers with the resources to build, maintain, and secure decentralized networks.

Foundry empowers miners with the tools they need to build tomorrow’s decentralized infrastructure. We are protocol-agnostic and seek to support like-minded blockchain entrepreneurs who share our mission to advance the industry.

What We Do

01
Financing

Equipment Financing and Procurement
:

Foundry provides financing for bitcoin and other mining equipment and access to equipment manufacturers. Mining businesses have historically had few financing options available to them, despite the compelling returns they can generate. Our program is designed to address this problem in a reliable and scalable way.

02
Pool

Foundry USA Pool
:

Foundry’s pool aims to continue our work in decentralizing Bitcoin’s hashrate by increasing North America’s share in the mining ecosystem. Setting new standards of professionalism, trust and transparency in the sector, we guarantee stable payouts to miners. Interested in joining our pool? Contact us via the form below..

03
Consulting

Mining Advisory Service
:

Foundry supports data center operators, colocation customers, and investors to develop mining and staking operations. Leveraging our experience and network to build world-class businesses, Foundry’s advisory service is offered to small and large scale North American staking and bitcoin mining entities.

04
Staking

Foundry Staking
:

Foundry provides digital asset staking and advisory services to institutions such as exchanges, wallets, custodians, hedge funds, banks and venture capital firms. Our staking infrastructure and supporting protocols further our mission of empowering decentralization as we work to make Proof of Stake networks more accessible.

Get Started Today! foundrystaking.com

05
Exploration

Foundry Labs
:

We support the mining and staking of new and existing blockchain infrastructures and projects.
Foundry Labs is interested in working with innovative blockchain protocols and new industry‑advancing technology as a trusted partner.

Our Team

Mike Colyer
Chief Executive Officer
Mike joined Foundry as its founding CEO in October 2019. Previously, Mike led business development at Core Scientific, which, during his tenure, grew into North America’s largest cryptocurrency hosting company. He was the President and COO of Savage IO, a small, Western NY-based 3MW mining company, where he continues to serve as a Board member. Mike has spent the last 4 years navigating the large-scale mining space, building strong relationships with key industry participants. Before his pivot into the crypto industry, Mike was an operational and commercial executive for manufacturing and distribution firms for more than two decades, often serving at the behest of private-equity backers. Mike started his career at GE. In 2007, Mike and his wife, Lisa, co-founded the Clairebear Foundation, a non-profit that supports families with sick children. Mike graduated from the State University of New York at Buffalo with a Bachelor of Science in Civil Engineering and an MBA in Corporate Finance.
Mike Colyer
Chief Executive Officer
Mike joined Foundry as its founding CEO in October 2019. Previously, Mike led business development at Core Scientific, which, during his tenure, grew into North America’s largest cryptocurrency hosting company. He was the President and COO of Savage IO, a small, Western NY-based 3MW mining company, where he continues to serve as a Board member. Mike has spent the last 4 years navigating the large-scale mining space, building strong relationships with key industry participants. Before his pivot into the crypto industry, Mike was an operational and commercial executive for manufacturing and distribution firms for more than two decades, often serving at the behest of private-equity backers. Mike started his career at GE. In 2007, Mike and his wife, Lisa, co-founded the Clairebear Foundation, a non-profit that supports families with sick children. Mike graduated from the State University of New York at Buffalo with a Bachelor of Science in Civil Engineering and an MBA in Corporate Finance.
Josh Byun
CTO
As CTO, Joshua is responsible for overseeing the infrastructure and software development of Foundry's mining and staking operations including systems administration, network operations, data and security. Joshua started his career as a software engineer and transitioned into a leadership role. He has many years of management and leadership experience in technology, including many start-ups, successfully delivering innovative products and services as well as building and growing high performing teams. Innately curious, Joshua likes to figure out what makes things tick. He loves to find ways to make technology easier, more impactful and more fun for users. Outside of work, Joshua enjoys mystery novels, cooking gourmet foods, walking in the city, hiking in the country and cheering on his favorite New York football and baseball teams. He holds a MS degree in Computer Science from NYU.
Josh Byun
CTO
As CTO, Joshua is responsible for overseeing the infrastructure and software development of Foundry's mining and staking operations including systems administration, network operations, data and security. Joshua started his career as a software engineer and transitioned into a leadership role. He has many years of management and leadership experience in technology, including many start-ups, successfully delivering innovative products and services as well as building and growing high performing teams. Innately curious, Joshua likes to figure out what makes things tick. He loves to find ways to make technology easier, more impactful and more fun for users. Outside of work, Joshua enjoys mystery novels, cooking gourmet foods, walking in the city, hiking in the country and cheering on his favorite New York football and baseball teams. He holds a MS degree in Computer Science from NYU.
Juri Bulovic
Vice President of Strategy
Juri joined Foundry as VP of Strategy in March 2021. He comes from Fidelity Investments, where he spent 8 years, most recently as the Director of Bitcoin Mining, building and managing the company's self-mining operation. Prior to that he held research, strategy, and product management roles at Blockchain Incubator within Fidelity Center for Applied Technology. Before that he worked in Fidelity’s internal management consulting unit working on the most strategic projects for the firm's senior leadership, including the Bitcoin/Blockchain strategy project in 2015. Juri graduated from Brown University with a Bachelor of Science degree in Applied Mathematics and Economics.
Juri Bulovic
Vice President of Strategy
Juri joined Foundry as VP of Strategy in March 2021. He comes from Fidelity Investments, where he spent 8 years, most recently as the Director of Bitcoin Mining, building and managing the company's self-mining operation. Prior to that he held research, strategy, and product management roles at Blockchain Incubator within Fidelity Center for Applied Technology. Before that he worked in Fidelity’s internal management consulting unit working on the most strategic projects for the firm's senior leadership, including the Bitcoin/Blockchain strategy project in 2015. Juri graduated from Brown University with a Bachelor of Science degree in Applied Mathematics and Economics.
Kevin Zhang
Vice President of Business Development
As VP of Business Development, Kevin is responsible for the strategic direction and growth of Foundry’s equipment financing business, advisory services, and mining operations. Since entering the crypto mining industry in 2014, Kevin has built large-scale bitcoin mining facilities, and worked closely with mining equipment manufacturers, mining pools, and datacenter operators. He held senior positions overseeing mining operations at Greenidge Generation and Bitcoin.com. Kevin started his career at Ford Motor Company, after studying finance, international business, and Chinese at Indiana University. An avid gamer, Kevin credits World of Warcraft with sparking his interest in digital currencies.
Kevin Zhang
Vice President of Business Development
As VP of Business Development, Kevin is responsible for the strategic direction and growth of Foundry’s equipment financing business, advisory services, and mining operations. Since entering the crypto mining industry in 2014, Kevin has built large-scale bitcoin mining facilities, and worked closely with mining equipment manufacturers, mining pools, and datacenter operators. He held senior positions overseeing mining operations at Greenidge Generation and Bitcoin.com. Kevin started his career at Ford Motor Company, after studying finance, international business, and Chinese at Indiana University. An avid gamer, Kevin credits World of Warcraft with sparking his interest in digital currencies.
Jeff Burkey
Vice President of Business Development
Jeff joins Foundry as VP of Business Development and will be helping build the equipment financing business and growing the Foundry USA Pool into a top #5 mining pool. Prior to pivoting into the crypto currency industry, Jeff began his career in traditional finance at Morgan Stanley working in their Private Client Group in Washington, DC. He later advised both institutions and high net worth families on investment strategy at Federated Investors, overseeing client relationships totaling $400 million. Jeff graduated cum laude from University of Maryland with a degree in Finance and Marketing. He is an active board member at the Rochester Museum & Science Center and is passionate about their mission to foster curiosity in science and technology. He currently lives in Pittsford with his wife and two children.
Jeff Burkey
Vice President of Business Development
Jeff joins Foundry as VP of Business Development and will be helping build the equipment financing business and growing the Foundry USA Pool into a top #5 mining pool. Prior to pivoting into the crypto currency industry, Jeff began his career in traditional finance at Morgan Stanley working in their Private Client Group in Washington, DC. He later advised both institutions and high net worth families on investment strategy at Federated Investors, overseeing client relationships totaling $400 million. Jeff graduated cum laude from University of Maryland with a degree in Finance and Marketing. He is an active board member at the Rochester Museum & Science Center and is passionate about their mission to foster curiosity in science and technology. He currently lives in Pittsford with his wife and two children.
Licia Barra
Controller
As Controller, Licia is responsible for Foundry’s financial accounting, reporting and business analysis. She has held senior operations and financial roles at global manufacturing firms and in startup environments. Having experienced several M&A cycles at those businesses, Licia has integrated systems and business processes across firms. Licia began her career at E&Y, as an external auditor, and holds undergraduate degrees in accounting and computer science. Licia is based in Foundry’s Rochester office, but has a couple reasons, in addition to seeing her DCG colleagues, to visit the Big Apple: one of her sons lives in Manhattan and she’s a baseball fan.
Licia Barra
Controller
As Controller, Licia is responsible for Foundry’s financial accounting, reporting and business analysis. She has held senior operations and financial roles at global manufacturing firms and in startup environments. Having experienced several M&A cycles at those businesses, Licia has integrated systems and business processes across firms. Licia began her career at E&Y, as an external auditor, and holds undergraduate degrees in accounting and computer science. Licia is based in Foundry’s Rochester office, but has a couple reasons, in addition to seeing her DCG colleagues, to visit the Big Apple: one of her sons lives in Manhattan and she’s a baseball fan.
Khurram Chhipa
Legal Counsel
As Legal Counsel, Khurram is responsible for advising Foundry’s leadership team on legal, compliance and regulatory matters. He is an experienced attorney in both the corporate leadership and law firm settings, with a demonstrated history of advising legal and business stakeholders of public and Fortune-ranked companies grow and sustain their value. Khurram began his career at Pillsbury Winthrop Shaw Pittman LLP as an associate in the Corporate & Securities department, after earning his Bachelor of Science degree from the Rochester Institute of Technology and Juris Doctor from Pace Law School. In his spare time, you will find Khurram watching basketball, exercising, or spending time with his family.
Khurram Chhipa
Legal Counsel
As Legal Counsel, Khurram is responsible for advising Foundry’s leadership team on legal, compliance and regulatory matters. He is an experienced attorney in both the corporate leadership and law firm settings, with a demonstrated history of advising legal and business stakeholders of public and Fortune-ranked companies grow and sustain their value. Khurram began his career at Pillsbury Winthrop Shaw Pittman LLP as an associate in the Corporate & Securities department, after earning his Bachelor of Science degree from the Rochester Institute of Technology and Juris Doctor from Pace Law School. In his spare time, you will find Khurram watching basketball, exercising, or spending time with his family.
Andrea Childs
Director of Operations
Andrea joined Foundry in January 2020 as the Director of Operations. She oversees daily business activities and ensures key deliverables are appropriately defined across the team, leadership and external stakeholders. Andrea got her start in crypto at Savage IO, a small mining facility in Western NY, where she closely supported Mike Colyer in his role as President and COO. Previously, Andrea held a variety of marketing and branding positions, primarily supporting a global life science business for 9+ years. She began her career as a chemist at Eastman Kodak. Andrea is a graduate of the University of Kentucky and Rochester Institute of Technology. A Rochester native, she’s excited to share her hometown secrets with colleagues new to the area and continue to tap local universities for top talent.
Andrea Childs
Director of Operations
Andrea joined Foundry in January 2020 as the Director of Operations. She oversees daily business activities and ensures key deliverables are appropriately defined across the team, leadership and external stakeholders. Andrea got her start in crypto at Savage IO, a small mining facility in Western NY, where she closely supported Mike Colyer in his role as President and COO. Previously, Andrea held a variety of marketing and branding positions, primarily supporting a global life science business for 9+ years. She began her career as a chemist at Eastman Kodak. Andrea is a graduate of the University of Kentucky and Rochester Institute of Technology. A Rochester native, she’s excited to share her hometown secrets with colleagues new to the area and continue to tap local universities for top talent.
Nicholas Arcieri
Director of Network Operations
Nicholas joined Foundry as Director of Network Operations in September 2020. Previously, Nicholas ran his own IT Company in Rochester, NY where he designed and implemented business specific IT solutions for accounting firms, lawyers and physicians. He worked at the University of Rochester Medical Center for 10 years, where he was the Director of Software Development for the Medical School and the Graduate Medical Education programs. Most recently he worked at Excellus Blue Cross/Blue Shield designing and implementing automation in IT infrastructure, specifically focusing on Red Hat Enterprise Linux. Nicholas has a passion for leadership, collaboration and open source software. He graduated from SUNY Brockport with a Bachelor of Science in Computer Science and received the Recent Alumni Award for Outstanding Professional Achievement in 2014. Nicholas also has a Masters’ in Health Care Management and Leadership from the University of Rochester.
Nicholas Arcieri
Director of Network Operations
Nicholas joined Foundry as Director of Network Operations in September 2020. Previously, Nicholas ran his own IT Company in Rochester, NY where he designed and implemented business specific IT solutions for accounting firms, lawyers and physicians. He worked at the University of Rochester Medical Center for 10 years, where he was the Director of Software Development for the Medical School and the Graduate Medical Education programs. Most recently he worked at Excellus Blue Cross/Blue Shield designing and implementing automation in IT infrastructure, specifically focusing on Red Hat Enterprise Linux. Nicholas has a passion for leadership, collaboration and open source software. He graduated from SUNY Brockport with a Bachelor of Science in Computer Science and received the Recent Alumni Award for Outstanding Professional Achievement in 2014. Nicholas also has a Masters’ in Health Care Management and Leadership from the University of Rochester.
Shaun Chong
Lead Engineer and Architect – Mining Pool
Shaun joined Foundry as a Crypto Mining Engineer in June 2020. He develops technical solutions to grow and optimize Foundry's mining and staking operations. Previously, Shaun spent 4 years at Bitcoin.com, eventually serving as Head of Mining Operations, in charge of the company’s mining pool and cloud mining services. Shaun has been a Bitcoin enthusiast and miner since his high school days, circa 2011. An Australian native, Shaun graduated from the University of Western Australia with a bachelor’s degree in computer science.
Shaun Chong
Lead Engineer and Architect – Mining Pool
Shaun joined Foundry as a Crypto Mining Engineer in June 2020. He develops technical solutions to grow and optimize Foundry's mining and staking operations. Previously, Shaun spent 4 years at Bitcoin.com, eventually serving as Head of Mining Operations, in charge of the company’s mining pool and cloud mining services. Shaun has been a Bitcoin enthusiast and miner since his high school days, circa 2011. An Australian native, Shaun graduated from the University of Western Australia with a bachelor’s degree in computer science.
Ravi Pandhi
Full Stack Developer
Ravi joined Foundry in November 2020 as a Full Stack Developer and is responsible for the design and development of Full Stack Projects within Foundry. Ravi graduated with a Master's degree in Computer Science and a B.Tech in Information Technology. He started his career with TCS working as a Backend Developer on Enterprise Web Applications. Ravi also loves the startup space and has served as a co-founder in one, owning the development of its technical product. Ravi got more interested in the field of Blockchain & Cryptocurrencies after pursuing a Master's thesis in the same domain.
Ravi Pandhi
Full Stack Developer
Ravi joined Foundry in November 2020 as a Full Stack Developer and is responsible for the design and development of Full Stack Projects within Foundry. Ravi graduated with a Master's degree in Computer Science and a B.Tech in Information Technology. He started his career with TCS working as a Backend Developer on Enterprise Web Applications. Ravi also loves the startup space and has served as a co-founder in one, owning the development of its technical product. Ravi got more interested in the field of Blockchain & Cryptocurrencies after pursuing a Master's thesis in the same domain.
Lucas Kohorst
Staking Engineer
Lucas joined Foundry in February of 2020. As a Staking Engineer, he explores, evaluates, and develops on new and existing protocols which are secured by Proof of Stake. Lucas is also pursuing an Individualized Major in Blockchain Technology at Rochester Institute of Technology. Lucas is interested in DeFi, governance, prediction markets and actively researching new and differentiated projects
Lucas Kohorst
Staking Engineer
Lucas joined Foundry in February of 2020. As a Staking Engineer, he explores, evaluates, and develops on new and existing protocols which are secured by Proof of Stake. Lucas is also pursuing an Individualized Major in Blockchain Technology at Rochester Institute of Technology. Lucas is interested in DeFi, governance, prediction markets and actively researching new and differentiated projects
Cosmo Viola
Protocol Researcher
Cosmo joined Foundry in November 2020. As a Protocol Researcher, he explores the economic incentive models behind new blockchain and decentralized finance protocols. Before joining Foundry, Cosmo studied Computer Science and Mathematics at Cornell University, where he was a member of Cornell Blockchain.
Cosmo Viola
Protocol Researcher
Cosmo joined Foundry in November 2020. As a Protocol Researcher, he explores the economic incentive models behind new blockchain and decentralized finance protocols. Before joining Foundry, Cosmo studied Computer Science and Mathematics at Cornell University, where he was a member of Cornell Blockchain.
Matt Burke
Blockchain Data Analyst
Matt joined Foundry in January 2021 as Blockchain Data Analyst. He works across the mining and staking businesses to manage and support various projects, acting as a liaison between Foundry’s technology and business teams. Prior to joining Foundry, Matt held roles in operations management and business development in multiple industries, including financial services and education technology. He is a proud graduate of the University of Wisconsin-Madison.
Matt Burke
Blockchain Data Analyst
Matt joined Foundry in January 2021 as Blockchain Data Analyst. He works across the mining and staking businesses to manage and support various projects, acting as a liaison between Foundry’s technology and business teams. Prior to joining Foundry, Matt held roles in operations management and business development in multiple industries, including financial services and education technology. He is a proud graduate of the University of Wisconsin-Madison.
Collin Bourke
Accounting Analyst
Collin joined Foundry as an Accounting Analyst in December 2020. After studying finance at the University of Maryland, he began his career in Breckenridge, Colorado where he worked over nine years in Commercial Finance. He then obtained a Master's Degree in professional accounting from Colorado State University and worked as a CPA in upstate New York. Collin gained early exposure to digital currencies through online poker, which is one of his many passions!
Collin Bourke
Accounting Analyst
Collin joined Foundry as an Accounting Analyst in December 2020. After studying finance at the University of Maryland, he began his career in Breckenridge, Colorado where he worked over nine years in Commercial Finance. He then obtained a Master's Degree in professional accounting from Colorado State University and worked as a CPA in upstate New York. Collin gained early exposure to digital currencies through online poker, which is one of his many passions!
Caitlin Spoleta
Office Administrator
Caitlin joined Foundry as Office Administrator where she provides high level office management and various HR function support- as well as supporting the efforts of Foundry CEO and Director of Operations. Her background is in Human Resources, where she most recently held the position of HR Business Partner at the Medical Center for the University of Rochester. She has jumped full force into the crypto industry and is excited to be part of where Foundry is headed! Caitlin is a Business Management graduate of the University at Buffalo, as well as Nazareth University, where she received her Master’s Degree in Human Resource Management. She is also a passionate Board Member for IACKids, a local non-profit who’s mission it is to give back and support families going through financial hardship due to their child’s severe illness.
Caitlin Spoleta
Office Administrator
Caitlin joined Foundry as Office Administrator where she provides high level office management and various HR function support- as well as supporting the efforts of Foundry CEO and Director of Operations. Her background is in Human Resources, where she most recently held the position of HR Business Partner at the Medical Center for the University of Rochester. She has jumped full force into the crypto industry and is excited to be part of where Foundry is headed! Caitlin is a Business Management graduate of the University at Buffalo, as well as Nazareth University, where she received her Master’s Degree in Human Resource Management. She is also a passionate Board Member for IACKids, a local non-profit who’s mission it is to give back and support families going through financial hardship due to their child’s severe illness.
Stephanie Marchioni
Human Resources
Stephanie is responsible for the HR function at Foundry including helping acquire talent for our growing busines and supporting the engagement and culture efforts. Stephanie is an experienced HR professional who has worked for large corporate organizations across many industries, as well as small family-owned businesses and start-ups. Stephanie never liked the saying, “It’s not personal; it's business.” She believes when you deal with human beings, it's always personal. To the extent that she can help companies convey positive and engaging messages and be part of cultivating a work environment that people are excited to be a part of, she feels she is doing business with purpose. Stephanie is a graduate of Cornell University with a Bachelor of Science in Industrial & Labor Relations. Stephanie lives in Rochester, NY with her family.
Stephanie Marchioni
Human Resources
Stephanie is responsible for the HR function at Foundry including helping acquire talent for our growing busines and supporting the engagement and culture efforts. Stephanie is an experienced HR professional who has worked for large corporate organizations across many industries, as well as small family-owned businesses and start-ups. Stephanie never liked the saying, “It’s not personal; it's business.” She believes when you deal with human beings, it's always personal. To the extent that she can help companies convey positive and engaging messages and be part of cultivating a work environment that people are excited to be a part of, she feels she is doing business with purpose. Stephanie is a graduate of Cornell University with a Bachelor of Science in Industrial & Labor Relations. Stephanie lives in Rochester, NY with her family.

Contact

Interested in working together? Please fill out the form below. Our team is ready to help you every step of the way.

Careers

If you are a motivated and passionate individual looking to be part of a dynamic team in an industry that is changing the world, Foundry might be the place for you. Check out our open roles.