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.

Time to Mine: DCG Reveals Crypto Mining Subsidiary Foundry

August 27, 2020

Digital Currency Group (DCG) is moving into crypto mining. According to a release, DCG created a subsidiary called “Foundry” and 2019 and today the company is outing the mining firm with Mike Colyer, a former Core Scientific executive, being Foundry’s Chief Executive Officer. Foundry claims to already be one of the largest Bitcoin miners in North America.

DCG to Invest $100M in Bitcoin Mining Venture

August 27, 2020

Blockchain investment firm Digital Currency Group (DCG) has expanded into the bitcoin mining industry.

There’s (digital) gold in them thar hills: Crypto giant DCG is betting $100 million on mining Bitcoin in North America

August 27, 2020

In the early days of Bitcoin, people could mine the cryptocurrency in their homes using cell phones or laptops. Today, mining crypto is a lot like mining gold: It requires expensive equipment, lots of capital, and the right location. Barry Silbert, a prominent crypto entrepreneur, believes he has the chops to succeed in this challenging new industry and, in doing so, repatriate some Bitcoin production to the U.S. from China.