In Brief:
- Today, Foundry launched FoundryX, a marketplace that matches interested buyers and sellers of bitcoin mining machines.
- The launch is seen as a solution to shortage of global semiconductor chips and supply chain issues.
- FoundryX currently has access to over 40,000 bitcoin mining machines for immediate resale.
Today, Foundry Digital LLC(Foundry) announced the launch of FoundryX, a marketplace that matches interested buyers and sellers of bitcoin mining machines
The shortage of global semiconductor chips and supply chain issues is the reason why North American mining businesses find it difficult to procure machines from Asia on time.
This has prompted the US based secondary market, FoundryX, to have access to over 40,000 bitcoin mining machines from MicroBT and Bitmain for immediate delivery through 2022.
So as to reduce the time to buy and receive a bitcoin miner in the US, FoundryX leverages Foundry’s network of more than 200 buyers and sellers of bitcoin mining equipment.
Calling the transaction with Foundry “a breeze”, Scott Bennett, CEO of Scate Ventures commented, “It has been our pleasure working with Foundry to recently purchase machines for our industrial scale mining operation.”
Riding high on success, Foundry has now become the second-largest Bitcoin mining pool with a 14.90% share of the network. Foundry’s elite clients include Bit Digital, BitDeer, Bitfarms, Core Scientific, CleanSpark, Compute North, Greenidge, HIVE, Hut 8, and most of the publicly traded or institutional mining companies in North America.
