Bitfarms Partners with Foundry to Expand Bitcoin Mining Fleet and Join Foundry USA Pool, Instantly Boost Hashrate by 15%
Bitfarms leverages Foundry’s suite of offerings to purchase and finance the latest generation of Bitcoin mining machines that commenced operations on April 23.
Bitfarms Ltd. (TSXV:BITF)
We re excited to partner with an industry-leading provider of equipment financing to secure timely and reliable access to the latest generation of Bitcoin mining machines, and to continue to grow..” Emiliano Grodzki
ROCHESTER, NEW YORK, USA, April 23, 2021 /EINPresswire.com/ Bitfarms Ltd. (“Bitfarms”) (TSXV:BITF / OTC:BFARF), and Foundry Digital LLC (“Foundry ), a wholly-owned subsidiary of Digital Currency Group (DCG) focused on digital asset mining and staking, jointly announce Bitfarms’ purchase of 2,465 Whatsminer M30S Bitcoin mining machines through Foundry’s services, among other updates.
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SINGAPORE, April 22, 2021 /PRNewswire/ Bitdeer Group, a leading digital assets mining company and owner of the popular mining and cloud services platform BitDeer.com, has announced a partnership with Foundry Digital LLC ( Foundry ), a wholly-owned subsidiary of Digital Currency Group (DCG) focused on digital asset mining, thereby joining Foundry USA Pool. BitDeer has now added BitDeer.com s bitcoin mining compute power to Foundry s US-based cryptocurrency mining pool, expanding the reach of both companies in the global market.
BitDeer.com is an innovator in mining tools that make cryptocurrency mining, including Bitcoin (BTC) and Ether (ETH) mining, more accessible. Users can purchase cloud hashrate from BitDeer.com s distributed network and receive a payout of digital assets directly from mining pools. Specifically, BitDeer.com s easy-to-use system eliminates entry barriers such as purchasing mining rigs or monitoring electricity costs,
Hut 8 to Join Foundry USA Pool, Adds 14,400 Machines With 5,000 More to Follow einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
16 Jan in 21:14 Crypto News Flash
The rally in the price of Bitcoin towards its new all-time high of over $40,000 has had unwanted consequences in some parts of the world. A report by Wu Blockchain claims that Bitcoin’s mining operations in Iran could have caused blackouts in the country. As a result, Iran has ordered the cessation of activities of licensed BTC mining companies, effective January 14 of this year, Crypto News Flash writes in the article
The report indicates that most of the companies are Chinese. The increase in the price of Bitcoin has created strong incentives that have attracted Chinese investors to mining activities.