The two companies will combine their expertise and computing power to globally scale 'Proof-of-Work' based digital assets.
SINGAPORE, April 22, 2021 /PRNewswire/ -- Bitdeer Group, a leading digital assets mining company and owner of the popular mining and cloud services platform Bitdeer.com, has announced a partnership with Foundry Digital LLC ("Foundry"), a wholly-owned subsidiary of Digital Currency Group (DCG) focused on digital asset mining, thereby joining Foundry USA Pool. Bitdeer has now added Bitdeer.com's bitcoin mining compute power to Foundry's US-based cryptocurrency mining pool, expanding the reach of both companies in the global market.
Bitdeer.com is an innovator in mining tools that make cryptocurrency mining, including Bitcoin (BTC) and Ether (ETH) mining, more accessible. Users can purchase cloud hashrate from Bitdeer.com's distributed network and receive a payout of digital assets directly from mining pools. Specifically, Bitdeer.com's easy-to-use system eliminates entry barriers such as purchasing mining rigs or monitoring electricity costs, making scalable mining available to everyone.
"We are excited to now be mining on Foundry USA Pool, which is the leading North American pool for bitcoin mining," said Matt Kong, CEO of Bitdeer. "As a premier cryptocurrency mining company, we highly value Foundry USA Pool's institutional standards of transparency and compliance."
Bitdeer is the latest mining company to start mining on Foundry USA Pool, whose other major customers include North American institutional miners Blockcap, Hut 8, and Foundry itself, to name a few. Based completely in the USA and offers some of the most competitive payouts, fees, and services, Foundry USA Pool aims to strengthen Bitcoin through geographic decentralization of its mining network - the infrastructure that forms the backbone of Bitcoin.
"We are pleased to welcome Bitdeer.com, a world leader in mining and our first institutional client from Asia, to the Foundry USA Pool," said Mike Colyer, CEO of Foundry. "We look forward to welcoming more corporate clients from Asia and other regions as we move closer to our goal of securing North America's place among the world's top-five bitcoin mining pools."
*Information provided in this article is for general information and reference only and does not constitute nor is intended to be construed as any advertisement, professional advice, offer, solicitation, or recommendation to deal in any product. No guarantee, representation, warranty or undertaking, express or implied, is made as to the fairness, accuracy, timeliness, completeness or correctness of any information, or the future returns, performance or outcome of any product. Bitdeer expressly excludes any and all liability (to the extent permitted by applicable law) in respect of the information provided in this article, and in no event shall Bitdeer be liable to any person for any losses incurred or damages suffered as a result of any reliance on any information in this article.
Bitdeer Technologies Group (NASDAQ: BTDR), a world-leading technology company for blockchain and high-performance computing, today announced that it has been named as one of Singapore’s Fastest Growing Companies 2024. The annual ranking is conducted by The Straits Times and Statista and recognizes a wide range of firms notable for rapid growth and commitment to the local economy.