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
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.

02
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.

03
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 3 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 3 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.
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 2015, 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 2015, 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.
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.
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.
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.
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.
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.

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