Sirlibz
Digital Currency Group (DCG), a parent company of Grayscale Investment and also an enterprise that builds and invests in blockchain companies has made their plans known on entering into Bitcoin mining through one of their Subsidiary companies Foundry.
Foundry offers to empower decentralized infrastructure and they provide both miners and institutional experts with tools, capitals and market intelligence needed to set up a decentralized structure.
“Our mission at DCG is to accelerate the development of a better financial system,” said Barry Silbert, Founder and CEO of DCG. “Digital asset mining and staking provide the backbone of the blockchain technology that will drive that advancement. Foundry is bringing critical resources and guidance to an essential corner of the industry, and Mike Colyer and his team have the expertise, credibility, and integrity to support the evolving needs of miners and manufacturers.”
The subsidiary Foundry is aiming at collaborating with major key players in the mining and staking sector thereby allowing them to focus on creating greater access to digital assets mining.
“Foundry’s understanding of the mining industry and DCG’s full support have made it a key partner in our expansion across North America in the past year. We plan to continue collaborating with Foundry as we focus on increasing our global market share,” said Jordan Chen, COO of Shenzhen-based bitcoin miner manufacturer MicroBT.
DCG has plans on investing over $100 million into Foundry through the year 2021, this will allow miners and manufacturers to have access to resource capital and trusted partners for the first time in the mining industry.
“We want to empower decentralized infrastructure in the new digital economy, and our work will support the development and growth of mining operations — particularly in North America,” said Mike Colyer, CEO of Foundry. “We are a business built by miners for miners, and we are partnering with entrepreneurs who share our mission of advancing the industry and creating a decentralized mining ecosystem.”
About DCG
The Digital Currency Group (DCG) is the parent company of Grayscale Investments, Genesis, CoinDesk, and Foundry. It was founded In 2015 by Barry Silbert and is currently backing over 160 companies in over 30 countries.
