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Foundry News
Stay up to date on the latest Foundry news.
After China’s Bitcoin Mining Ban, Bitcoin Is Stronger Than Ever

China’s Bitcoin mining ban shut down the whole industry and scattered Bitcoin miners to the winds. It’s been two years now – and it should be said that Bitcoin and the hash power built on securing it is stronger than ever. In a twist of fate for the discussions about bitcoin’s environmental impact, it’s also highly likely that shifting from China’s energy mix has helped make Bitcoin more “green” – and emit fewer carbon emissions.

Texas Is Now the Top US Bitcoin Mining Spot: Foundry

The Lone Star State of Texas is now the number-one U.S. state for Bitcoin mining, dwarfing rivals by hosting a whopping 28.5% of the nation’s hash rate. The estimate comes from Foundry, the world’s largest Bitcoin mining pool, which aggregated and published data sourced directly from its users. Back in 2021, the firm estimated that the Texas hash rate share was 8.4%.

Bitcoin Is on the Ballot in 2024

A series of Bitcoin-related statements and policy announcements show how politicians are paying greater attention to crypto this campaign season. Crypto-skeptics, in particular, should pay attention lest they come across as anti-innovation. Authored by Kyle Schneps, this story is part of CoinDesk’s Mining Week 2023.

Foundry Director of Economic and Community Development Adrian Hale Named 2023 IGNITE Award Recipient

ROCHESTER, N.Y.Aug. 3, 2023 /PRNewswire/ — Foundry Digital LLC (“Foundry”), a digital asset mining and staking company focused on empowering a decentralized infrastructure, announced that the Greater Rochester Chamber of Commerce honored Foundry’s Director of Economic and Community Development Adrian Hale with the IGNITE Award. The award celebrates young professionals who strive toward the highest levels of personal and professional accomplishment, who excel in their chosen field, devote time and energy to their community in a meaningful way, and forge paths of leadership for others to follow.

Stronghold Digital Mining Strengthens Financial Position through Credit Agreement Amendment and Two-Year Foundry Hosting Agreement

NEW YORK, Feb. 07, 2023 (GLOBE NEWSWIRE) — Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, or the “Company”) today announced that it, its affiliate, Stronghold Digital Mining Holdings, LLC (“Borrower”), and each subsidiary of Borrower have entered into an agreement (the “Amended Credit Agreement”) to substantially amend its credit agreement dated October 27, 2022 (the “Original Credit Agreement”) with Whitehawk Finance LLC and/or its affiliates or designees and the other lenders from time to time party hereto (collectively, the “Lenders”) and Whitehawk Capital Partners LP as collateral agent for the Lenders and as administrative agent for the Lenders.

Foundry Insights

Turning experience into insights, our blog is where we share our expertise through content authored by Foundry’s thought leaders.

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The Rise of AI and GPU Shortages: How Blockchain Alleviates Machine Learning Bottlenecks

With AI’s trajectory and increasing demand for GPUs, the machine learning industry faces problems with GPU costs and accessibility. Let’s look at how…

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Miner Performance Testing: MicroBT Whatsminer M60

MicroBT announced the Whatsminer M60S at the Blockchain Life 2023 conference. We were able to get our hands on one for an evaluation.

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Foundry USA Pool Hashrate by State

We aim to provide trusted and transparent data within our industry at every turn. Let’s look at our most current map of the Foundry USA Pool hashrate by…

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Miner Performance Testing: DesiweMiner K10 Pro

We connected with DesiweMiner back in July at Mining Disrupt 2023, where they showed us their newest model — the K10Pro. After running the machine from…

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A Deep Dive into BTC Mining & ERCOT’s Four Coincident Peak Program (4CP)

In this article, we dive into the concept of 4CP, its benefits to the grid, and how Bitcoin miners can effectively strategize to capitalize on its…

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The Evolution of Ethereum Decentralization

Since its launch in 2015, the Ethereum blockchain has transformed to become more decentralized. In this article, Kseniya Lifanova dives into the…

Foundry Experts

Our team’s experience runs deep. As conference speakers, podcast guests, and media sources, Foundry’s experts are trusted sources of information, insight, and inspiration.
Head of Mining
Juri Bulovic

Bitcoin Mining, Bitcoin as an Asset, Bitcoin as Currency, Bitcoin Adoption Cycles, Bitcoin Markets, Tokenization of Real-world Assets

VP, Decentralized Strategy & Engineering
Kseniya Lifanova

Staking, Tech Careers, Blockchain 101, Leadership

VP, Business Development
Jeff Burkey

Bitcoin Market, ASIC Market, Mining Machines

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Tools and Resources

Sharing our information is one of many ways Foundry is committed to advancing the digital infrastructure industry.

Bitcoin Mining Resources

BTC Mining 101
Bitcoin Mining and the Environment

Staking Resources

ETH Delegation Guide

The Foundry team has developed an all-in-one portal to expedite the staking process for institutions.

Bittensor Delegation Guide

Delegated staking is now available on Bittensor, and we’re excited to provide you with a simple, step-by-step guide on delegating your stake.

Solana Delegation
ETH Withdrawal FAQs

The Shanghai/Capella hard fork is coming to Ethereum Mainnet to enable staking withdrawals.

Energy and Public Policy Resources

Mining and Energy Markets
Energy Procurement & Profitability: Exploring Bitcoin Mining Economics

Bitcoin mining has become an increasingly popular topic of interest across North America, garnering the interest of energy companies.

Mining & Energy: A Grid-Balancing Intersection of Two Industries

Answering the call for controllable loads to balance the grid, Bitcoin miners and electricity providers are both looking to maximize profitability while providing solutions to grid instability.

Financial Inclusion
Crypto in Color: Providing Equal Opportunities for the Unbanked

In this article, we examine some reasons why minority populations maintain distrust in legacy finance systems and how the decentralized nature of cryptocurrency provides a much-needed path toward empowering financial freedom.

Bitcoin and Its Energy, Environmental, and Social Impacts: An Assessment of Key Research Needs in the Mining Sector

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