China Is ‘No Threat To Bitcoin,’ Promises Foundry CEO After $100 Million Bitcoin Mining Bet

August 28, 2020

Bitcoin mining is big business. In just ten years, bitcoin mining, where bitcoin tokens are rewarded to those that maintain the bitcoin network, has morphed from a bedroom-based, money-making hobby into a billion dollar industry.

Time to Mine: DCG Reveals Crypto Mining Subsidiary Foundry

August 27, 2020

Digital Currency Group (DCG) is moving into crypto mining. According to a release, DCG created a subsidiary called “Foundry” and 2019 and today the company is outing the mining firm with Mike Colyer, a former Core Scientific executive, being Foundry’s Chief Executive Officer. Foundry claims to already be one of the largest Bitcoin miners in North America.

DCG to Invest $100M in Bitcoin Mining Venture

August 27, 2020

Blockchain investment firm Digital Currency Group (DCG) has expanded into the bitcoin mining industry.

There’s (digital) gold in them thar hills: Crypto giant DCG is betting $100 million on mining Bitcoin in North America

August 27, 2020

In the early days of Bitcoin, people could mine the cryptocurrency in their homes using cell phones or laptops. Today, mining crypto is a lot like mining gold: It requires expensive equipment, lots of capital, and the right location. Barry Silbert, a prominent crypto entrepreneur, believes he has the chops to succeed in this challenging new industry and, in doing so, repatriate some Bitcoin production to the U.S. from China.

Digital Currency Group sets up bitcoin mining subsidiary, commits $100M in funding through next year

August 27, 2020

Crypto venture capital firm Digital Currency Group (DCG) has entered into crypto mining space.