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Foundry Launches U.S. Market To Match Patrons And Sellers Of Bitcoin Miners

12/08/2021

The U.S.-based secondary market, FoundryX, at the moment has entry to over 40,000 bitcoin mining machines prepared for resale.

Foundry Digital LLC has launched a market to match consumers and sellers of bitcoin mining machines, the corporate stated in an announcement despatched to Bitcoin Journal.

FoundryX seeks to chop down ready instances and forms for U.S.-based consumers seeking to purchase new rigs, guaranteeing well timed supply of mining rigs in comparison with the prolonged course of essential to import them from Asia. Foundry’s secondary market makes an attempt to match the suitable consumers and sellers at aggressive costs.

“World semiconductor chips scarcity and provide chain points have made it troublesome for North American mining companies to obtain machines from Asia on time,” per the assertion. “There has additionally been a sudden inflow of latest resellers that require important wire deposits to order machines, which has made the method much more difficult.”

Foundry stated it really works with main producers and a community of resellers to amass machines in massive heaps, later making it out there for resale in its market.

“With the trade’s main purchasers and companions, from machine producers to mining corporations, we’ve the market information and information to match the suitable consumers and sellers, on the proper worth,” Jeff Burkey, VP of enterprise improvement at Foundry, stated in an announcement.

FoundryX leverages Foundry’s community of greater than 200 consumers and sellers of bitcoin mining gear to cut back the time to purchase and obtain a bitcoin miner within the U.S.

The Rochester, New York-based firm stated it had secured over 40,000 of latest-generation MicroBT and Bitmain bitcoin mining machines for instant supply by way of subsequent yr. The advisory firm additionally supplies purchasers with extra providers on demand, together with financing, delivery, logistics, and pooled mining.

The agency’s bitcoin mining pool, Foundry USA Pool, is likely one of the largest mining swimming pools in North America. Outstanding contributors embody Hut 8, HIVE, Greenidge, CleanSpark, and Bitfarms.