Bitmain, a huge crypto mining firm based in China has recently entered into a partnership with Foundry which is a crypto mining subsidiary of Digital Currency Group. This partnership will be streamlining Bitmain’s operations in North America.
Digital Currency Group, DCG is a major crypto firm and its subsidiary, Foundry will provide financing to Bitmain’s end customers which are based in North America. Foundry is one of the largest Bitcoin miners across North America which is going to prove great for this crypto mining giant as well.
Foundry will help Bitmain to ship machines to North America
According to the announcement given by Bitmain, it gets quite difficult for crypto miners to get financing as compared to any other than fiat. Foundry will be helping the firm by shipping a large number of machines into North America. This could be seen as a major step in the partnership between these two firms. This has been specified by Su Ke, global sales and marketing director at Bitmain.
Bitmain has collaborated with Foundry for some time now and it has helped the firm to fund the mining equipment for a lot of big clients. Through this, it could be seen that the overall mining ecosystem has been strengthened.
The foundry was established to empower miners with tools
This has been revealed that the major purpose of Foundry is to empower the miners with specific tools. Along with this, the firm also offers the institutional expertise and market intelligence to the crypto miners and manufacturers in the market. Bitmain has specified the firm to be one of the largest miners based in North America. It is claimed that Foundry is responsible for around half of the Bitcoin mining across the whole region this year.
Mike Colyer, CEO at Foundry has said that through their collaboration with Bitmain, the firm is extremely delighted to have helped a lot of mining businesses across North America.
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