Foundry Digital LLC, a wholly owned subsidiary company of Digital Currency Group (DCG), Canadian Bitcoin Mining company Hut 8 will begin mining operations under the fledgling two-week old Foundry USA pool, which has already reached the top 10 list of mining pools by hashrate.
Hut 8 is one of the publicly traded Bitcoin (BTC) mining companies with stocks listed on the Toronto Stock Exchange (TSX: HUT) and the New York based Over-The-Counter trading platforms OTCQX (OTCQXL: HUTMF)
It has already been disclosed that Hut 8 has added over 14,000 ASIC mining rigs to Foundry USA’s pool, bringing an additional 0.8 EH/s of computational power to the pools hashrate share, with a further 5,500 machines to be added by August 2021. This will mean the net Hut 8 contribution could easily pass 1.8 EH/s when this occurs.
Having a formidable bitcoin mining pool based and operated entirely in North America is important to us, as we continue our momentum as one of the largest and most innovative Bitcoin miners in the western hemisphere.Jaime Leverton, CEO Hut 8
Barry Silbert, one of the most powerful Bitcoin mining kings outside of China, tweeted that one by one, all the major North American miners seemed to be switching from China to the Foundry USA pool.