Foundry boosts Rootstock's security via Bitcoin merge mining, enhancing its network with unmatched mining power.
Foundry boosts Rootstock's security and generates new revenue streams.
Digital Currency Group (DCG) launches Fortitude Mining, a subsidiary aimed at high-growth digital asset mining, building on Foundry's legacy.
Digital Currency Group has spun out a new crypto mining subsidiary, while Foundry maintains hold as the top Bitcoin mining pool, with over 30% of the network’s hashrate.
DCG launches Fortitude Mining, a new subsidiary for mining bitcoin and other digital assets.
Digital Currency Group (DCG) has spun off its crypto mining subsidiary, Fortitude, from Foundry, with plans for Fortitude to produce Bitcoin and other proof-of-work tokens.
Digital Currency Group (DCG) is restructuring its Foundry mining business, splitting it into two entities: Fortitude Mining and Foundry Mining. This decision was communicated to shareholders via a private letter.
Foundry, a major bitcoin mining company, has reduced its workforce by 27% as it refocuses on its main business operations. The majority of layoffs occurred in the USA. This move is part of a larger restructuring effort which includes spinning off its AI division.
Foundry, an American crypto mining company, has laid off 16% of its workforce due to market volatility, highlighting ongoing challenges in the crypto mining industry.
Foundry, a U.S.-based Bitcoin mining company, laid off 16% of its workforce amid increasing miner revenues, reflecting a trend of layoffs in the crypto sector.
Foundry, the largest Bitcoin mining pool, is reducing its workforce by 60% to focus on its core business. This restructuring affects both US and international employees, dropping the workforce from over 250 to approximately 80-90 employees.
Foundry, a Bitcoin mining pool connected to Digital Currency Group, has reduced its workforce by 16% in the U.S. due to strategic restructuring amid mining challenges.
Foundry reduces workforce due to industry pressures, as Bitcoin price increases have not significantly benefited mining companies.
Foundry, the world's largest Bitcoin mining pool, laid off 60% of its staff as part of a strategic pivot, raising questions about its future amid industry challenges.
Foundry, part of Digital Currency Group, has reduced its workforce by 60%, focusing on core business areas. The layoffs impacted non-core functions, including the hardware team. Despite challenges, DCG's founder Barry Silbert is launching new projects such as the Yuma AI Ecosystem Accelerator.
Foundry, the largest Bitcoin mining pool, laid off 27% of its workforce in restructuring efforts.
Foundry is restructuring by laying off 27% of its workforce and spinning out its self-mining business to focus on Bitcoin growth.
Foundry has laid off 16% of its US staff as part of a broader restructuring, which includes spinning off its self-mining business.
Foundry has launched an innovative control board, boosting mining efficiency by 5% and increasing hashrate by 15%. The board offers customizable modes for improved performance and energy savings, enhancing profitability for miners amid rising industry competition.
Foundry and Antpool have emerged as dominant forces in the Bitcoin mining landscape, leading in block discoveries between August 24-27, 2024.
Core Scientific mined 411 Bitcoins in July 2024 and plans to integrate new 3-nanometer ASIC chips by 2025 to enhance operations. The company operates 214,000 miners across multiple states and supports Bitcoin network developers through Foundry Donate.
Foundry launches a Miner Donation Program for Bitcoin development support through nonprofit partnerships.
Conflict arises between AntPool and Foundry, with AntPool losing and Foundry gaining an advantage.
Foundry Digital LLC has launched the Foundry Hardware Suite, designed to boost efficiency and reliability in institutional cryptocurrency mining. The suite includes a versatile Power Supply Unit, an Immersion Optimization Kit, and a Control Board for real-time performance tuning.
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Foundry won against AntPool's competing block by switching to their own block.
Earlier today, AntPool and Foundry found a block at height 845869.
Foundry, a digital assets company, is set to capitalize on the 'epic satoshi' from the next Bitcoin halving by using Ordinals, sharing the revenue with its mining pool members.
Foundry's announcement of sharing profits from mining the first Bitcoin satoshi post-halving has ignited discussions about a satoshi's uniqueness and its significance.