On April 23, the publicly listed mining operation Bitfarms revealed a partnership with the Digital Currency Group (DCG) subsidiary Foundry Digital LLC. Bitfarms will be joining Foundry’s American mining pool and the two bitcoin mining firms have revealed the joint purchase of 2,465 Whatsminer M30S ASIC mining machines.
Bitfarms Partners With Foundry’s US Operations
At the end of March, the mining company Hut 8 explained that the bitcoin mining operation was joining Foundry’s U.S. mining pool. At the time, Hut 8’s CEO Jaime Leverton explained that “having a formidable bitcoin mining pool based and operated entirely in North America is important.”
Now another mining operation has announced a partnership with the DCG-owned Foundry as Bitfarms (TSXV:BITF) explained on Friday it was joining the company’s U.S. operations. The two companies disclosed the joint purchase of 2,465 machines and 1,465 were previously installed in Bitfarms’ Sherbrooke facility for hosting purposes.
The company ended the hosting agreement and “returned 100%,” while the