Foundry Digital

Capital access and advisory for mining

Rochester, New York, United States

About Foundry Digital

Foundry Digital specializes in providing services for the digital currency mining and staking industry, focusing on capital access, efficiency, and transparency. The company supports institutional clients, such as large-scale bitcoin miners and equipment manufacturers, by offering equipment financing, advisory services, and operational support. Mining involves using powerful computers to validate transactions on the blockchain, while staking requires holding cryptocurrency to support network operations. Foundry helps clients optimize their operations to ensure profitability and efficiency. The company differentiates itself through its extensive institutional expertise and market intelligence, leveraging resources from its parent company, Digital Currency Group. Foundry's goal is to empower its clients to succeed in the rapidly evolving digital currency market.

Rochester, New YorkHeadquarters
2019Year Founded
VENTURE_UNKNOWNCompany Stage
Crypto & Web3, Financial ServicesIndustries
51-200Employees

Benefits

Competitive base salary, bonus & incentive compensation
Unlimited PTO
Professional development budget
Health insurance
Life insurance & disability coverage
401k
FSA
Paid parental leave

Risks

Increased competition in hardware may impact Foundry's market share and profitability.
Acquired Texas mining sites may require significant investment to become profitable.
Rising Bitcoin mining difficulty could reduce profitability for Foundry's operations.

Differentiation

Foundry Digital offers specialized services for institutional bitcoin miners and manufacturers.
The company provides equipment financing, advisory services, and operational support to clients.
Foundry leverages Digital Currency Group's expertise and resources for market intelligence.

Upsides

Foundry's expansion into Texas capitalizes on the state's Bitcoin mining growth.
The launch of Foundry Hardware enhances mining efficiency and attracts institutional clients.
Participation in Flock.Io's AI platform could enhance operational capabilities with new AI models.