Tag: foundry

Feb 07 2023

Bitcoin Miner Stronghold Announces Agreement Changes with WhiteHawk Finance, Foundry

Feb 07 2023 Published at Bitcoin Magazine under tags  business foundry mining news stronghold

The changes are designed to better situate the company for their future endeavors.Stronghold Digital Mining, with WhiteHawk Finance LLC, has announced ratifications to their original credit agreement according to a press release sent to Bitcoin Magazine. In addition to this announcement, Stronghold has entered a new two year contract with Foundry Digital, replacing their previous temporary contract. The...

May 06 2022

Bitcoin Proponents Rally To Oppose New York Mining Moratorium

May 06 2022 Published at Bitcoin Magazine under tags  ban bitlicense business feature foundry

Bitcoiners and politicians come together in Albany, New York to speak out against a proposed ban on proof-of-work mining and to keep industry jobs in the state.“This (Bitcoin) isn’t going to stop. Crypto mining may move somewhere where there is little or no concern for the environment.” –Ken Pokalsky, Vice-President of The Business Council of New York StatePokalsky’s words echoed...

Apr 06 2022

How Mining Pools Adapt To Changing Market Conditions

Miners need to be flexible to changes in the market, including global cultural differences and adversarial legal frameworks when countries ban Bitcoin.Mining pools are important to the Bitcoin ecosystem because they allow small bitcoin miners to collect rewards for their hash rate. Small-time miners are very unlikely to find a block and receive the block reward on their own....

Dec 08 2021

Foundry Launches U.S. Marketplace To Match Buyers And Sellers Of Bitcoin Miners

The U.S.-based secondary market, FoundryX, currently has access to over 40,000 bitcoin mining machines ready for resale.Foundry Digital LLC has launched a marketplace to match interested buyers and sellers of bitcoin mining machines, the company said in a statement sent to Bitcoin Magazine.FoundryX seeks to cut down waiting times and bureaucracy for U.S.-based buyers looking to acquire new rigs,...

Jul 14 2021

Greenidge Partners With Foundry To Acquire 8,300 Bitcoin Mining Rigs, Joins Foundry USA Pool

Bitcoin miner Greenidge has partnered with Foundry Digital to buy 2,300 WhatsMiners and finance 6,000 Antminers, plus join Foundry USA Pool.According to a press release sent to Bitcoin Magazine, bitcoin mining company Greenidge Generation has announced a purchase of 2,300 WhatsMiner M30S mining rigs and a financing deal to acquire 6,000 Antminer S19 machines, both via Foundry Digital. Additionally, the...

May 07 2021

Interview: Foundry’s Mike Colyer On Bitcoin Mining In North America

Mike Colyer, CEO of Foundry, joined the “Bitcoin Magazine Podcast,” to discuss distributing the Bitcoin mining hash rate.Watch This Episode On YouTubeListen To This...

Jan 22 2021

Hut 8 Completes $11.8M Financing for New Bitcoin Mining Machines

Jan 22 2021 Published at CoinDesk under tags  bitcoin mining foundry hut 8 markets microbt

The new machines will add 475 PH/s to Hut 8's hash power.

Jan 13 2021

Compute North, Foundry Digital Partner To Bring More Bitcoin Mining To North America

Compute North, one of the largest bitcoin mining companies in North America with mining farms in Big Spring, Texas; Kearney, Nebraska; and North Sioux City, South Dakota, is taking a great leap forward through a new partnership with financial services firm Foundry Digital, a subsidiary of Digital Currency Group based in Rochester, New York. Through the partnership, Foundry will supply 14,000 new Whatsminer...

Compute North, Foundry Team Up to Target North American Bitcoin Miners

The partnership is designed to lower the high cost of entry for would-be bitcoin miners.

Nov 25 2020

Long in China’s Shadow, the US Is Becoming a Bitcoin Mining Power Again

Following a string of investments, miners are increasingly optimistic about prospects for the U.S. market in 2021.

Know a good blog/source that is not listed? Contact us or fill the form below to add one: