Hut 8 joins Foundry USA Bitcoin Mining Pool

Hut 8, one of the largest corporate bitcoin mining operations in North America, brings 14,400 mining rigs to the US pool. Hut 8 Mining Corp., one of North America's largest corporate bitcoin miners, announced today that it will join the Foundry USA Pool and become the largest bitcoin mining operation. Cabin 8 added some of its total fleet; 14,400 bitcoin mining machines and 0.81 exahash computing power in the Foundry USA Pool, ”said a press release to Bitcoin Magazine. Managed by Foundry LLC, a wholly owned subsidiary of Digital Currency Group (DCG), Foundry USA Pool began accepting corporate clients earlier this month. Current customers in the pool include Blockcap and Foundry itself. Hut 8 will be the biggest customer of Foundry USA Pool after joining, according to the press release. The pool offers competitive fees and payments, making it an attractive North American alternative for an industry dominated by China-based operations. While Bitcoin mining continues to advance in the traditional financial world, North American-based operations serve to offer land investment opportunities. "We are delighted to welcome them in our pool as we work to secure North America's place in the world's top five bitcoin mining pools," said Mike Colyer, CEO of Foundry. As institutional investments in Bitcoin mining activities increase in North America, the competition for mixed power generation continues to generate interest in mining pools. Foundry USA Pool is the best example of the potential benefits of combining mixed power at scale. Read more

Join the Discussion

  • BrokerEUR/USD
    IG 0.6pips (fixed) margin: 3.33%
    LCG 0.3pips (variable) margin: 3.33%
  • Back to top