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DCG's Foundry will colocate 14,000 bitcoin mining machines in U.S. with focus on institutional buyers

From theblockcrypto.com

Foundry, the mining subsidiary of Digital Currency Group, has said it's partnering with a U.S. mining farm to colocate 14,000 bitcoin ASIC miner — a move that will focus in part on institutional buyers. On Wednesday, Foundry said it will supply 14,000 WhatsMiner M30S units it procured from Shenzhen-based manufacturer MicroBT. As part of the deal, U.S. mining farm operator Compute North will allocate 47 megawatts of capacity to power up the machines beginning in the first quarter of 2021. Foundry will retain an undisclosed portion of the hosted miners for its own use and plans to sell the remaining operating machines ... (full story)

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