Foundry Digital LLC is a mining company that’s a subsidiary of Digital Currency Group (DCG). Foundry Logistics was launched on Thursday to help advance the standards of the cryptocurrency mining sector. 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 Arm
Foundry, the DCG and crypto mining company, has launched Foundry Logistics. The new mining logistics arm follows the firm launching staking services in mid-November last year, and Foundry’s mining machine marketplace the following month. Foundry Logistics aims to enhance and set “high standards of transparency, efficiency, and dependability in the cryptocurrency mining industry.”
Foundry Logistics leverages offices worldwide, and on-the-ground contacts in order to bolster “cost-effective and streamlined deliveries” in the crypto mining industry. The company provides “clients with customs clearance, insurance guidance, ocean shipment solutions, national warehouse solutions, and other domestic surface logistics.” Foundry Logistics customers can also access the company’s mining machine marketplace Foundryx and other services the crypto business offers.
“With Foundry Logistics we want to do exactly what Foundry has done with other business verticals: provide the increasing number of institutions in this maturing industry with products, services, and resources that are at par with those that exist in older and more established industries,” MK Sathya, the senior vice president of infrastructure at Foundry Logistics said in a statement sent to Bitcoin.com News.
Foundry Logistics Launch Follows Company’s Mining Industry Academy
The New York-based company’s mining pool Foundry USA is also the top mining pool in terms of BTC’s three-day global hashrate percentages. During the last three days, Foundry has captured 18.55% of the Bitcoin network’s global hashrate, which equates to 38.42 exahash per second (EH/s). Foundry has 87 rewards for discovering blocks that were discovered collectively by 13 mining pool. Based on year-to date statistics, Foundry USA was the most successful mining pool in capturing 16.16% worldwide hashrate within 12 months. Foundry USA discovered 8,705 block reward blocks from the 53,864 found over the past year.
Following the launch of Foundry Logistics, Foundry Academy was also introduced on July 19. This academy provides a 1-week training program for technicians to participate in bitcoin mining. Foundry Academy detailed that registrations for the class are open as the program’s first session concluded in May. Foundry’s academic courses are conducted at a mining facility located in Rochester, New York.
How do you feel about Foundry Logistics’s new launch? Please comment below to let us know your thoughts on this topic.
Images CreditsShutterstock. Pixabay. Wiki Commons
DisclaimerThis article serves informational purposes. This article is not intended to be a solicitation or offer to sell or buy any product, service, or company. Bitcoin.com is not a provider of investment, tax, legal or accounting advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.