Digital Currency Group sets up bitcoin mining subsidiary, commits $100M in funding through next year
Crypto venture capital firm Digital Currency Group (DCG) has entered into crypto mining space. The group has formed a wholly-owned subsidiary called Foundry which provides mining and staking, equipment financing and procurement, and consulting and advisory services. DCG said it has committed to invest more than $100 million into Foundry through 2021. Foundry is based in Rochester, New York and supports mining operations in North America. “We are a business built by miners for miners, and we are partnering with entrepreneurs who share our mission of advancing the industry and creating a decentralized mining ecosystem,” said Mike Colyer, a former Core Scientific executive and now CEO of Foundry. Foundry was quietly formed in 2019 and is working with both Bitmain and MicroBT. “Through Foundry’s work and financial support of our end customers, we have been able to ship a significant number of machines into the US this year,” said Su Ke, global sales and marketing director of Antminer at Bitmain. With Foundry, DCG now operates four subsidiaries, including Grayscale Investments, Genesis and CoinDesk.
Hey everyone, I'm fairly new to Bitcoin, but I want to start mining. Current Computer set up: AMD A8 3870K (APU) @3.0GHz 8GB of DDR3 RAM 120GB SSD Windows 7 Pro 64-bit Currently using Bitminer, but I don't know if that is the best one I can use that its simple. Thanks!
Hi Guys Im new to this Bitcoin mining thing just looking for someone that I could talk to based in the UK who has experience in this field and would love to even partner up with someone or a mining pool to ensure efficiency
This Utility Heats New York State—And Mines Its Own Bitcoin - New York power plant sets up its own Bitcoin mining operation, with ~7K crypto miners, using “behind-the-meter” electricity to generate ~5.5 Bitcoins per day
A new licensed bitcoin mining farm is getting set up in Iran. iMiner already has an office in Iran’s Tehran city “for administrative purposes only” and had been providing services “only in an informal manner,”
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