ROCHESTER, N.Y., July 14, 2021 /PRNewswire/ — Digital Currency Group (DCG)’s cryptocurrency mining and staking-focused subsidiary Foundry Digital LLC (“Foundry”) and Greenidge Generation Holdings Inc. (“Greenidge”) jointly announced Foundry’s sale of approximately 2,300 Whatsminer M30S mining machines to Greenidge and financing for Greenidge’s purchase of 6,000 Antminer S19 mining machines.
All 2,300 Whatsminer M30S units were previously operational at Greenidge’s carbon-neutral bitcoin mining facility in Upstate New York. Foundry has sold 1,800 of these units to Greenidge and the remaining units will be transferred in Q4 2021. Of the financed Antminer S19 machines, approximately 5,000 units are in operation and the remaining units are scheduled for delivery in Q3 2021.
By joining the Foundry USA Pool, Greenidge adds approximately 800 petahashes of computing power to the pool, whose other major customers include Blockcap, Hut 8, Bitfarms, Hive, BitDeer, Bit Digital, and Foundry itself, among others. Foundry USA Pool provides some of the most competitive payouts, fees and services to institutions in the cryptocurrency mining business, and is also seamlessly integrated with DCG-owned digital asset prime broker Genesis to provide users with various treasury management services, including high-security custody, Bitcoin collateralized lending, yield earnings on BTC holdings, derivative products, and seamless liquidation.
“Foundry has been a longtime hosting customer of…