• Coins MarketCap
    • Coins MarketCap
    • Crypto Calculator
    • Top Gainers and Loser of the day
  • Crypto Exchanges
  • Bitcoin News
  • Crypto News
    • Cryptocurrency
    • Blockchain
    • Finance
    • Investing
    • View all latest Updates regarding crypto
Monday, February 6, 2023
WIREOPEDIA
No Result
View All Result
Contribute!
CONTACT US
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
WIREOPEDIA
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
No Result
View All Result
WIREOPEDIA
No Result
View All Result
Home Blockchain

Foundry Launches U.S. Marketplace To Match Buyers And Sellers Of Bitcoin Miners

wireopedia memeber by wireopedia memeber
December 8, 2021
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The U.S.-based secondary market, FoundryX, currently has access to over 40,000 bitcoin mining machines ready for resale.

You might also like

South Korea Starts To Define Cryptocurrencies As Legislation Approaches

Oxford PhD Student Jailed For Defrauding Investors Of $2.6 Million In Crypto

On-chain Activity On BNB Chain Grew In Q4 Amid Market Downtrend: Messari

Foundry Digital LLC has launched a marketplace to match interested buyers and sellers of bitcoin mining machines, the company said in a statement sent to Bitcoin Magazine.

FoundryX seeks to cut down waiting times and bureaucracy for U.S.-based buyers looking to acquire new rigs, ensuring timely delivery of mining rigs compared to the lengthy process necessary to import them from Asia. Foundry’s secondary market attempts to match the right buyers and sellers at competitive prices.

“Global semiconductor chips shortage and supply chain issues have made it difficult for North American mining businesses to procure machines from Asia on time,” per the statement. “There has also been a sudden influx of new resellers that require significant wire deposits to reserve machines, which has made the process even more challenging.”

Foundry said it works with major manufacturers and a network of resellers to acquire machines in big lots, later making it available for resale in its marketplace.

“With the industry’s leading clients and partners, from machine manufacturers to mining companies, we have the market knowledge and data to match the right buyers and sellers, at the right price,” Jeff Burkey, VP of business development at Foundry, said in a statement.

FoundryX leverages Foundry’s network of more than 200 buyers and sellers of bitcoin mining equipment to reduce the time to buy and receive a bitcoin miner in the U.S.

The Rochester, New York-based company said it had secured over 40,000 of latest-generation MicroBT and Bitmain bitcoin mining machines for immediate delivery through next year. The advisory company also provides clients with additional services on demand, including financing, shipping, logistics, and pooled mining.

The firm’s bitcoin mining pool, Foundry USA Pool, is one of the largest mining pools in North America. Prominent participants include Hut 8, HIVE, Greenidge, CleanSpark, and Bitfarms.

Read Entire Article
Tags: BitcoinmagazineBlockchainCoin SurgesCryptocurrenciesMarket StoriesTrading
Share30Tweet19
wireopedia memeber

wireopedia memeber

Recommended For You

South Korea Starts To Define Cryptocurrencies As Legislation Approaches

by wireopedia memeber
February 6, 2023
0

South Korea is on its remarkable journey concerning blockchain developments and legislation On Monday, South Korea’s Financial Service Commission (FSC) noted that the blockchain-based tokens

Read more

Oxford PhD Student Jailed For Defrauding Investors Of $2.6 Million In Crypto

by wireopedia memeber
February 6, 2023
0

Cryptocurrency crimes are becoming prevalent and law enforcement agencies are on their toes to crack down on bad players and bring them to book  The British Royal Court...

Read more

On-chain Activity On BNB Chain Grew In Q4 Amid Market Downtrend: Messari

by wireopedia memeber
February 6, 2023
0
On-chain Activity On BNB Chain Grew In Q4 Amid Market Downtrend: Messari

The latest report from Messari researcher, James Trautman, revealed that BNB Chain recorded an increase in on-chain activity contrary to bear market trends According to the report, it...

Read more

Dash Price Prediction As DASH Targets 35% Gains To Record New Range High

by wireopedia memeber
February 6, 2023
0

DASH, like many other tokens in the crypto market, started the year with a bullish sentiment that inspired hope among investors The token rose 52%

Read more

What is cyberpunk: A beginner’s guide to the sci-fi genre

by wireopedia memeber
February 6, 2023
0

Cyberpunk is a subgenre of sci-fi that explores a dystopian future with advanced technology, where the line between man

Read more
Next Post

What is GameFi? & Is this the Next Big Thing?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

7 Celebrities Who Weren’t Afraid To Criticize The Met Gala

April 27, 2022

Chelsea to unveil £20m-a-year shirt deal with cryptocurrency brand WhaleFin

May 11, 2022

Inflation spikes in Europe: What do Bitcoiners, politicians and financial experts think?

March 10, 2022

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World
WIREOPEDIA

Wireopedia is an automated news feed. The Wireopedia AI pulls from sources with different views so you can see the various sides of different arguments and make a decision for yourself. Wireopedia will be firmly committed to the public interest and democratic values.

Privacy Policy     Terms and Conditions

CATEGORIES

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World

BROWSE BY TAG

Bitcoin Bitcoinist Bitcoinmagazine Blockchain Blockonomi Breaking News Business BuzzFeed Celebrity News Coin Surges Cointelegraph Cryptocurrencies Cryptoslate Defense Entertainment Health Care insidebitcoins Market Stories newsbtc Politico Skynews Strange Technology Trading UK US World

RECENT POSTS

  • Ski guide and snow plough driver among at least eight killed in Alps avalanches
  • Former Newcastle United star among missing following Turkey earthquake
  • Bored Ben Affleck, blushing Adele and unrecognisable Madonna – the seven best bits of the Grammys
  • South Korea Starts To Define Cryptocurrencies As Legislation Approaches
  • Oxford PhD Student Jailed For Defrauding Investors Of $2.6 Million In Crypto

© 2022 WIREOPEDIA - All right reserved.

No Result
View All Result
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
  • Contribute!

© 2022 WIREOPEDIA - All right reserved.

  • bitcoinBitcoin(BTC)$22,871.00-1.46%
  • ethereumEthereum(ETH)$1,631.49-1.43%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$328.17-0.30%
  • usd-coinUSD Coin(USDC)$1.00-0.03%
  • rippleXRP(XRP)$0.399076-1.30%
  • binance-usdBinance USD(BUSD)$1.00-0.08%
  • cardanoCardano(ADA)$0.391016-0.66%
  • dogecoinDogecoin(DOGE)$0.091759-1.34%
  • okbOKB(OKB)$43.961.85%
  • matic-networkPolygon(MATIC)$1.21-1.33%
  • solanaSolana(SOL)$23.15-2.79%
  • shiba-inuShiba Inu(SHIB)$0.000014-2.01%
  • staked-etherLido Staked Ether(STETH)$1,626.54-1.52%
  • polkadotPolkadot(DOT)$6.67-0.23%
  • litecoinLitecoin(LTC)$96.68-0.70%
  • avalanche-2Avalanche(AVAX)$20.13-1.41%
  • tronTRON(TRX)$0.063495-1.92%
  • daiDai(DAI)$1.000.02%
  • uniswapUniswap(UNI)$6.81-2.80%
  • cosmosCosmos Hub(ATOM)$14.39-1.43%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,024.00-0.64%
  • chainlinkChainlink(LINK)$6.98-1.02%
  • bitcoin-cashBitcoin Cash(BCH)$133.64-1.17%
  • stellarStellar(XLM)$0.091478-0.65%
  • crypto-com-chainCronos(CRO)$0.080667-1.78%
  • nearNEAR Protocol(NEAR)$2.36-1.73%
  • filecoinFilecoin(FIL)$5.28-0.87%
  • algorandAlgorand(ALGO)$0.257719-1.34%
  • vechainVeChain(VET)$0.024100-2.17%
  • axie-infinityAxie Infinity(AXS)$10.96-0.84%
  • elrond-erd-2MultiversX(EGLD)$44.98-1.16%
  • terra-lunaTerra Luna Classic(LUNC)$0.0001851.54%
  • compound-ethercETH(CETH)$32.65-1.68%
  • terrausdTerraClassicUSD(USTC)$0.0323740.34%
  • ftx-tokenFTX(FTT)$1.91-20.60%