On Thursday, Foundry Digital LLC, the mining company and subsidiary of Digital Currency Group (DCG), announced the launch of Foundry Logistics to advance standards in the cryptocurrency mining industry. The newly launched arm of the company plans to “bridge the gap between hardware manufacturers and buyers by providing an all-in-one solution for mining hardware deliveries.”
DCG Company Foundry Launches Mining Logistics Branch
Foundry, the crypto mining, staking and DCG company has announced the launch of a new venture called Foundry Logistics. The new mining logistics branch follows the firm launch staking services in mid-November last year, and Foundry’s mining machinery market the next month. Foundry Logistics aims to improve and establish “high standards of transparency, efficiency and reliability in the cryptocurrency mining industry”.
Foundry Logistics operates worldwide offices and on-the-ground contacts to bolster “cost-effective, streamlined deliveries” in the crypto mining industry. The company provides “customers with customs clearance, insurance consulting, ocean shipping solutions, domestic warehouse solutions and other domestic surface logistics.” Foundry Logistics customers can also access the company’s mining machinery market Foundryx and other services offered by the crypto company.
“With Foundry Logistics, we want to do exactly what Foundry has done with other lines of business: to provide the growing number of institutions in this maturing industry with products, services and resources that live up to those that exist in older, more established industries,” said MK Sathya, senior vice president of infrastructure at Foundry Logistics, in a statement sent to Bitcoin.com News.
Foundry Logistics Launch Follows Company’s Mining Industry Academy
New York-based Foundry USA’s mining pool is also the leading mining pool in terms of BTCit is three day global hashrate percentages. Over the past three days, Foundry has captured 18.55% of the Bitcoin network’s global hashrate, which equates to 38.42 exahash per second (EH/s). While 469 blocks were collectively discovered by 13 mining pools, Foundry found 87 reward blocks. Year-to-date statistics indicate that Foundry USA was the top mining pool, capturing 16.16% of the global hashrate in 12 months. Out of 53,864 block rewards found in the past year, Foundry USA found 8,705 blocks.
Launch of Foundry Logistics follows company presentation Foundry Academy on July 19. The academy offers a week-long program to train technicians to participate in the bitcoin mining industry. Foundry Academy clarified that registration for the class opens at the end of the first session of the program in May. Foundry’s academic courses are conducted at a mining facility located in Rochester, New York.
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