Bitmain Enters Into Partnership With Foundry For North American Customers
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Bitmain Enters Into Partnership With Foundry For North American Customers

September 10, 2020      Vandana Malik

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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Vandana Malik
Vandana Malik

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.