{"id":5999,"date":"2022-07-29T00:01:49","date_gmt":"2022-07-29T00:01:49","guid":{"rendered":"https:\/\/fatburningcoffeetrick.com\/?p=5999"},"modified":"2022-07-29T00:01:50","modified_gmt":"2022-07-29T00:01:50","slug":"foundry-digital-launches-logistics-arm-to-advance-standards-in-the-cryptocurrency-mining-industry","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=5999","title":{"rendered":"Foundry Digital Launches Logistics Arm to Advance Standards in the Cryptocurrency Mining Industry"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>On Thursday, Foundry Digital LLC, the mining company and subsidiary of Digital Currency Group (DCG), announced the launch of Foundry Logistics in order to advance standards in the cryptocurrency mining industry. The newly launched arm of the company plans to \u201cbridge the gap between hardware manufacturers and buyers by providing an all-in-one solution for mining hardware deliveries.\u201d<\/strong><\/p>\n<h2>DCG Company Foundry Launches Mining Logistics Arm<\/h2>\n<p>Foundry, the crypto mining, staking firm, and DCG company has announced the launch of a new company venture called Foundry Logistics. The new mining logistics arm follows the firm launching staking services in mid-November last year, and Foundry\u2019s mining machine marketplace the following month. Foundry Logistics aims to enhance and set \u201chigh standards of transparency, efficiency, and dependability in the cryptocurrency mining industry.\u201d<\/p>\n<p>Foundry Logistics leverages offices worldwide, and on-the-ground contacts in order to bolster \u201ccost-effective and streamlined deliveries\u201d in the crypto mining industry. The company provides \u201cclients with customs clearance, insurance guidance, ocean shipment solutions, national warehouse solutions, and other domestic surface logistics.\u201d Foundry Logistics customers can also access the company\u2019s mining machine marketplace Foundryx and other services the crypto business offers.<\/p>\n<p>\u201cWith Foundry Logistics we want to do exactly what Foundry has done with other business verticals: provide the increasing number of institutions in this maturing industry with products, services, and resources that are at par with those that exist in older and more established industries,\u201d MK Sathya, the senior vice president of infrastructure at Foundry Logistics said in a statement sent to Bitcoin.com News.<\/p>\n<h2>Foundry Logistics Launch Follows Company\u2019s Mining Industry Academy<\/h2>\n<p>The New York-based company\u2019s mining pool Foundry USA is also the top mining pool in terms of BTC\u2019s three-day global hashrate percentages. During the last three days, Foundry has captured 18.55% of the Bitcoin network\u2019s global hashrate, which equates to 38.42 exahash per second (EH\/s). While 469 blocks were collectively discovered by 13 mining pools, Foundry found 87 block rewards. Year-to-date statistics indicate Foundry USA was the top mining pool capturing 16.16% of the global hashrate in 12 months. Out of the 53,864 block rewards found during the course of the past year, Foundry USA found 8,705 blocks.<\/p>\n<p>The Foundry Logistics launch follows the company introducing Foundry Academy on July 19. The academy offers a one-week program to train technicians so they can participate in the bitcoin mining industry. Foundry Academy detailed that registrations for the class are open as the program\u2019s first session concluded in May. Foundry\u2019s academic courses are conducted at a mining facility located in Rochester, New York.<\/p>\n<p>Tags in this story<\/p>\n<p>ASIC miners, bitcoin miner, Bitcoin mining, Bitmain, BTC Mining, compute north, crypto mining logistics, Foundry, Foundry Academy, Foundry Logistics, Foundry USA, Foundryx, Logistics, mining, mining machines, mining pool, MK Sathya, Secondary Market, semiconductor chip, staking, Supply Chain<\/p>\n<p><em><strong>What do you think about the newly launched Foundry Logistics? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n<p>Jamie Redman <\/p>\n<p class=\"article__body__author__info__about\">\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.<\/p>\n<p><i class=\"td-icon-font td-icon-twitter\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/foundry-digital-launches-logistics-arm-to-advance-standards-in-the-cryptocurrency-mining-industry\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, Foundry Digital LLC, the mining company and subsidiary of Digital Currency Group (DCG), announced the launch of Foundry Logistics in order to advance standards in the cryptocurrency mining industry. The newly launched arm of the company plans to \u201cbridge the gap between hardware manufacturers and buyers by providing an all-in-one solution for mining [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-5999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5999"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5999\/revisions"}],"predecessor-version":[{"id":6001,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5999\/revisions\/6001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/6000"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}