Mining company CleanSpark became a client of the Foundry USA pool

Mining company CleanSpark became a client of the Foundry USA pool

Nasdaq-listed mining company CleanSpark has announced the transfer of all of its bitcoin mining computing power to the Foundry USA pool and plans to triple it within a year.

We're excited to partner with @FoundryServices, moving all of our current sustainable #bitcoinmining power of over 1 EH / s to Foundry USA Pool - the leading crypto mining pool in North America.https: //t.co/Pcy6VXfq46— CleanSpark Inc (CLSK) (@CleanSpark_Inc) September 27, 2021

The CleanSpark hashrate is 1 EH / s generated by 10 ASIC devices. The firm plans to bring the figure to 000 EH / s by the end of this and to 2 EH / s by the fall of next year.

In April, Cleanspark announced the purchase of 22 miners. In August, the firm acquired a second data center in Georgia for $ 680 million and announced plans to invest $ 6,6 million in the facility. Cleanspark expects an additional 145 megawatts of capacity to power 20 miners.

Foundry, a subsidiary of Barry Silbert's DCG, through strategic relationships with Bitcoin mining device manufacturers, enables customers to gain early access to ASIC devices.

Foundry USA also provides "financial management services for mining companies." They stem from the pool's seamless integration with Genesis, another DCG subsidiary. 

The service implies the possibility of generating profitability based on mined coins, storage with a high level of security, lending against bitcoins, the use of derivative products and "smooth" liquidation.

Recall that Foundry USA's clients include Bit Digital, Bitfarms, Hive, BitDeer, Core Scientific, Greenidge, and Foundry.

Recall that in January, when creating a subsidiary, Barry Silbert said that Foundry would become the largest mining pool in the United States.