Foundry USA has overtaken Bitmain as the world’s top bitcoin miner in terms of hashrate. It was also revealed that it would be developing a bitcoin mining rig marketplace under the name Foundryx, owned by the US-based Digital Currency Group (DCG).
While China was selling off the majority of its bitcoin mining capacity, Foundry picked up the slack, recently achieving 17.85 percent of the hashrate, putting it in the first place as the largest mining pool in the world.
For the past two months, DCG’s subsidiary has regularly maintained its position among the top five mining pools worldwide.
It announced the formation of a new firm named Foundryx on Wednesday. It will try to corner the market for bitcoin mining equipment by bringing customers and sellers together.
According to the company, the firm has acquired 40,000 mining equipment from Microbt and Bitmain. These are expected to arrive in 2022, according to Bitcoin.com.
Because of the present shortage of semiconductor chips, a market has emerged for the quick sale and purchase of bitcoin mining rigs. Foundry intends to address this gap in the market and believes that a reputable US-based firm is capable of doing so.
Foundry is also interested in providing funding, consulting services, and data to digital asset miners. Greenidge Generation Holdings, Bitfams, Cleanspark, Core Scientific, Hut8, Bit Digital, Compute North, Hive, and Bitdeer are among the companies it has collaborated within the mining operations field.