Foundry is a digital asset infrastructure company and subsidiary of Digital Currency Group (DCG), one of the most prominent conglomerates in the crypto industry. Foundry operates Foundry USA Pool, which has consistently ranked as one of the largest Bitcoin mining pools in the world by hashrate, frequently accounting for over 30% of the global Bitcoin network's total hash power.
Founded in 2019 by Mike Colyer, Foundry was originally established to help North American Bitcoin miners access next-generation mining equipment through financing and procurement services. At the time, the Bitcoin mining industry was heavily concentrated in China, and Foundry played a key role in facilitating the geographic decentralization of mining by helping US-based operations acquire hardware and secure competitive hosting arrangements.
Foundry USA Pool launched in 2020 and rapidly grew to become the dominant mining pool by hashrate share, particularly after China's mining ban in mid-2021 drove a massive reallocation of hashrate to North America. The pool's growth reflected both the broader shift in mining geography and Foundry's strong relationships with the largest institutional mining operations in the United States and Canada.
Beyond mining pool operations, Foundry provides staking services for proof-of-stake networks, advisory services for miners, and equipment financing. As part of the DCG family of companies, which also includes Grayscale Investments, CoinDesk (sold in 2023), and Genesis (which filed for bankruptcy in 2023), Foundry occupies a critical infrastructure role in the Bitcoin ecosystem.
Core Services
- Foundry USA Pool — One of the world’s largest Bitcoin mining pools by hashrate
- Equipment financing — Hardware procurement and financing for mining operations
- Staking — Validator and staking services for proof-of-stake networks
- Advisory — Strategic consulting for institutional mining operations