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Foundry Digital invested in Blockcap mining company


American mining company Blockcap raised $ 75 million in two rounds of funding from Foundry Digital and Off The Chain Capital. Writes about this Cointelegraph.

The company will use the funds to expand the equipment park for bitcoin mining from 12,000 to 30,000 devices. According to Blockcap’s estimates, by the end of the year, its hash rate will increase to 3.5 EH / s.

Blockcap was founded in 2020 by former employees of the American blockchain hosting provider Core Scientific. The company hosts all of its mining rigs in its data centers.

In March 2021, Blockcap agreed to supply 8,400 devices from Canaan. The company expected that after their deployment in the fourth quarter, the hashrate will exceed 2 EH / s (more than 1% of the total bitcoin network).

Earlier, the American company acquired 10,000 Antminer S19 miners from Bitmain.

Recall that Blockcap became a client of the Foundry Digital mining pool, a subsidiary of Barry Silbert’s Digital Currency Group.

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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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