On Tuesday, the firm Hut 8 Mining Corp., announced that it is joining the Foundry U.S.-based mining pool. The publicly-listed mining company said that it added 14,400 machines to Foundry’s mining operation and it also plans to deploy another 5,000 miners by August.
Hut 8 Joins Foundry’s US Pool and Adds 14,400 Bitcoin Mining Rigs With Close to an Exahash of Hashpower
The Toronto-based company Hut 8 (TSX: HUT) has revealed the firm is joining the U.S. mining pool invoked by the firm Foundry Digital LLC. Foundry is a wholly-owned subsidiary of Digital Currency Group (DCG) and the firm is dedicated to cryptocurrency mining and staking services.
The announcement explains that Hut 8 is now mining on the Foundry USA Pool and a fraction of the Hut 8 fleet of miners are being deployed to Foundry’s pool. Around 0.81 exahashes of hashpower or 14,400 bitcoin mining rigs will be added.
“We are focused on growing shareholder value, in every decision we make,” said Jaime Leverton, CEO of Hut 8 during the announcement. “Having a formidable bitcoin mining pool based and operated entirely in North America is important to us, as we continue our momentum as one of the largest and most innovative Bitcoin miners in the western hemisphere,” Leverton added.

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