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.

China Is ‘No Threat To Bitcoin,’ Promises Foundry CEO After $100 Million Bitcoin Mining Bet

August 28, 2020

Bitcoin mining is big business. In just ten years, bitcoin mining, where bitcoin tokens are rewarded to those that maintain the bitcoin network, has morphed from a bedroom-based, money-making hobby into a billion dollar industry.