Core Scientific Partners with Foundry in Financing Deal up to $23 Million

December 9, 2020

PRNewswire: Core Scientific, the largest digital mining operation in the U.S., announced it has partnered with Foundry to receive up to $23 million dollars in financing for Core Scientific and its clients’ mining equipment. The financing from Foundry provides Core Scientific and its clients the opportunity to expand capacity for mining machines in North America. Foundry is a wholly owned subsidiary of Digital Currency Group (DCG).

MicroBT Sets Up First Offshore Bitcoin Miner Factory to Expand US Market Share

September 25, 2020

Chinese bitcoin miner manufacturer MicroBT is looking to grab a bigger slice of the U.S. market by setting up its first overseas production center.

Rochester-based Foundry Foresees Growth in Cryptocurrency

September 24, 2020

Company leaders of a relatively new Rochester-based firm in the cryptocurrency mining space believe the region is poised for growth in the industry.

Is Crypto Mining Really Moving to North America?

September 11, 2020

Since 2018, there’s been talk about China losing its crypto mining lead to North America. The idea made headlines again in early 2020 after Barry Silbert, founder of $3 billion crypto investment fund Grayscale put a big bet on mining in the US.

Bitmain Partners with Foundry to Drive Traditional Capital into a New Digital Era

September 10, 2020

As the saying goes, “it takes money to make money”. In most industries where there are positive returns, there will be an abundance of capital and financing to support the growth of businesses. Yet historically mining businesses had few financing options open to them, despite the compelling returns they’re able to yield. However, this is rapidly changing as investors are increasingly recognizing the opportunity in crypto and investing traditional capital. Mining in particular, which is a fundamental of crypto and linked to the creation of intrinsic value, is one of the best and reliable ways to step foot into this sector.