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Bitcoin miner Foundry acquires web3 firm Upstate Interactive

Digital Currency Group mining subsidiary Foundry has acquired Upstate Interactive, a web3 software development and consulting company. Upstate Interactive worked on UI/UX development for Foundry’s staking business, which was launched in November of last year, according to a joint announcement issued Wednesday. The firm’s capabilities will now be integrated into Foundry’s offerings, per the announcement. Foundry also launched a marketplace to sell bitcoin mining machines last year named Foundry. After opening a bitcoin mining pool, it quickly grew to be one of …

Foundry Company Intelligence

April 11, 2022, 11:26AM EDT • 16 min read Quick Take A subsidiary of the Digital Currency Group, Foundry provides various institutional-grade services within the digital asset mining and staking industry Foundry has put in tremendous effort in fostering the North American mining ecosystem, deploying close to $500 million into the North American mining space and managing the Foundry USA pool which currently has the largest market share based on the Bitcoin hash rate Foundry plans to continue building out …

DCG’s Foundry launches marketplace to sell bitcoin mining machines

Foundry Digital, a mining subsidiary of crypto conglomerate Digital Currency Group (DCG), has launched a dedicated marketplace to sell bitcoin mining machines. The FoundryX platform will let users buy as well as sell bitcoin mining machines. Foundry said it has built relationships with over 200 buyers and sellers, including public mining companies, family offices, and energy companies. The formal launch of FoundryX comes after the firm operated the service behind the scenes over the past year, Foundry’s VP of business …