On Tuesday, Digital Currency Group’s (DCG) mining subsidiary, Foundry Digital, announced the company has joined the Texas Blockchain Council (TBC), a nonprofit industry association in the state of Texas. Foundry detailed the newly formed alliance is aimed at Foundry’s efforts to “help shape the regulatory landscape for digital assets” in North America.
Foundry is now a Texas Blockchain Council Strategic Partners Member
Foundry Digital, which offers advisory and mining services as well as digital assets, has been announced to be joining the Texas Blockchain Council. TBC is composed of individuals and businesses that are dedicated to advocating for and implementing public policy and bitcoin-related initiatives.
“We exist to amalgamate the influence of our members, to advocate for blockchain-centric public policy initiatives, to educate members of government about the benefits of blockchain technology, and to provide subject matter expertise on topics related to blockchain and distributed ledger technology,” the TBC website details.
“Foundry is one of the most well respected names in the bitcoin mining industry,” TBC president Lee Bratcher said in a statement sent to Bitcoin.com News. “Their suite of tools from marketplace intelligence to mining pools to equipment financing are world-class. The Texas Blockchain Council is honored to announce Foundry as our newest strategic partner member,” Bratcher added.
The list of TBC strategic partners (SPMs) includes prominent crypto companies like Marathon Digital Holdings and Argo Blockchain. Cholla Petroleum Inc. and Vantage Bank Texas are also SPMs. TBC members corporate include Compute North and Luxor as well as Steelhead Capital Management Management and Blockfills.
In August 2021, after the passage of the U.S. government’s infrastructure bill, TBC formed a Texas Blockchain Committee PAC. Foundry, which announced its alliance with TBC on March 3rd, said it had joined the Blockchain Association’s 70+ members. Foundry’s reasoning for joining the Blockchain Association is so the company can “bring its expertise and insight to Washington to shape the regulatory future of the crypto industry.”
Foundry’s track record has been marked by significant milestones and deals over the past year. Foundry was also a member of the Blockchain Association when it signed a co-location contract with Mawson Infrastructure Group (MIGI), a 12 megawatt (MW) mining operation. Foundry introduced a variety of services to a wide range of cryptocurrency staking networks last November. In December, it also launched a marketplace for mining machines.
Foundry USA, the firm’s bitcoin mining pool, has been the largest mining pool for the last three months, capturing 2,367 mining rewards during that timeframe. Foundry director Kyle Schneps thinks that the Texas Blockchain Council membership will benefit the crypto community. “This membership will help us continue to diligently shape the policy narrative for our industry,” Schneps remarked during the announcement on Tuesday.
How do you feel about Foundry being a strategic partner of TBC? Please comment below to let us know your thoughts on this topic.
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