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Barry Silbert: Foundry will become the largest mining pool in the USA


Digital Currency Group founder Barry Silbert announced the launch of a mining pool by a subsidiary of Foundry in February 2021.

Silbert confirmed that Foundry is in the unknown category on BTC.com, accounting for 8.64 EH / s hash rates, or 5.6% of the total computing power of the Bitcoin network.

Hashrate distribution across mining pools. Data: BTC.com.

Founded in 2019, the American mining company Foundry calls itself “one of the largest Bitcoin miners in North America.” The firm also provides consulting, financing and equipment procurement services.

Foundry officials say they helped mining companies acquire about half of the cryptocurrency mining devices shipped to the US and Canada in 2020.

Recall that in August last year, Foundry became part of the Digital Currency Group. Following the takeover, Barry Silbert’s company pledged to invest $ 100 million in Foundry during 2021.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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