On Thursday, Foundry Digital LLC, the mining company and
subsidiary of Digital Currency Group (DCG), announced the launch of
Foundry Logistics in order to advance standards in the cryptocurrency
mining industry. The newly launched arm of the company plans to “bridge
the gap between hardware manufacturers and buyers by providing an
all-in-one solution for mining hardware deliveries.”
DCG Company Foundry Launches Mining Logistics Arm
Foundry,
the crypto mining, staking firm, and DCG company has announced the
launch of a new company venture called Foundry Logistics. The new mining
logistics arm follows the firm launching staking services in mid-November last year, and Foundry’s mining machine marketplace
the following month. Foundry Logistics aims to enhance and set “high
standards of transparency, efficiency, and dependability in the
cryptocurrency mining industry.”
Foundry Logistics leverages offices worldwide, and on-the-ground
contacts in order to bolster “cost-effective and streamlined deliveries”
in the crypto mining industry. The company provides “clients with
customs clearance, insurance guidance, ocean shipment solutions,
national warehouse solutions, and other domestic surface logistics.”
Foundry Logistics customers can also access the company’s mining machine
marketplace Foundryx and other services the crypto business offers.
“With Foundry Logistics we want to do exactly what Foundry has done
with other business verticals: provide the increasing number of
institutions in this maturing industry with products, services, and
resources that are at par with those that exist in older and more
established industries,” MK Sathya, the senior vice president of
infrastructure at Foundry Logistics said in a statement sent to
Bitcoin.com News.
Foundry Logistics Launch Follows Company’s Mining Industry Academy
The New York-based company’s mining pool Foundry USA is also the top mining pool in terms of BTC’s three-day global hashrate
percentages. During the last three days, Foundry has captured 18.55% of
the Bitcoin network’s global hashrate, which equates to 38.42 exahash
per second (EH/s). While 469 blocks were collectively discovered by 13
mining pools, Foundry found 87 block rewards. Year-to-date statistics
indicate Foundry USA was the top mining pool capturing 16.16% of the
global hashrate in 12 months. Out of the 53,864 block rewards found during the course of the past year, Foundry USA found 8,705 blocks.
The Foundry Logistics launch follows the company introducing
Foundry Academy on July 19. The academy offers a one-week program to
train technicians so they can participate in the bitcoin mining
industry. Foundry Academy detailed that registrations for the class are
open as the program’s first session concluded in May. Foundry’s academic
courses are conducted at a mining facility located in Rochester, New
York.
source link : https://news.bitcoin.com/foundry-digital-launches-logistics-arm-to-advance-standards-in-the-cryptocurrency-mining-industry/
