Foundry Digital

What Foundry Digital does

Foundry Digital LLC is a US-based digital asset infrastructure company founded in October 2019 as a wholly-owned subsidiary of Digital Currency Group (DCG), headquartered in Rochester, New York. The company operates an institutional-grade platform for digital asset mining and staking, anchored by Foundry USA Pool—the world's largest Bitcoin mining pool by hashrate—and more recently the Foundry Zcash Pool, which captured approximately 30% of Zcash network hashrate within weeks of its April 2026 launch. Both pools are designed around a compliance-first framework featuring KYC/AML screening, SOC 1 Type 2 and SOC 2 Type 2 certifications, auditable payout methodologies, and US-based operations to serve regulated miners and public mining companies.

The product portfolio extends well beyond pools to Foundry Staking (white-glove staking services across 20 proof-of-stake networks including Solana, Helium, and The Graph), FoundryX (a Bitcoin mining machine marketplace that processed over $125M in 2021 with 200+ counterparties and access to 40,000+ machines from MicroBT and Bitmain), Foundry Hardware (an institutional mining equipment suite launched June 2024), and supporting infrastructure including the Zcashinfo.com block explorer, Foundry Academy (technician training), Foundry Donate (open-source developer funding), and OptiFleet (site-operations management). The company acquired Web3 firm Upstate Interactive in April 2022 to expand software capabilities and transitioned its logistics arm to Compass Logistics & Marine in January 2025.

Foundry's go-to-market is enterprise field sales targeting publicly listed mining companies, professional mining operators, exchanges, and banks requiring KYC/AML-compliant infrastructure and dedicated relationship management. Revenue is generated through pool transaction fees and mining rewards, marketplace commissions, equipment financing (with disclosed deals up to $23M to Core Scientific and $11.8M to Hut 8), and managed staking services. Headcount sits in the 101-250 range following growth past 100 employees by April 2022, supported by a leadership team that includes former executives from Core Scientific, Fidelity Bitcoin Mining, McKinsey, Excellus BCBS, and Paychex.

Name

Foundry Digital

Legal name

Foundry Digital LLC

Website

https://foundrydigital.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

101–250 employees

Short description

Foundry Digital is a US-based, Digital Currency Group-owned digital asset infrastructure company that operates the world's largest Bitcoin mining pool and an institutional Zcash pool, plus staking, equipment marketplace, and financing services for public mining companies, exchanges, and banks.

Ownership category

akta.pro rank

Product category

Digital Asset Mining Infrastructure

SIC

Metal Mining (1000)

akta.pro primary industry

Mining Pools & Pool Operators (FSADAOAB)

akta.pro secondary industries

Mining Software, Firmware & Monitoring Platforms (FSADAOAF), Mining Hardware (ASIC/GPU) Manufacturing & Distribution (FSADAOAD)

Keywords

• Institutional bitcoin mining
• Cryptocurrency mining pool
• Proof-of-stake staking
• Digital asset infrastructure
• Mining equipment marketplace

Headquarters

HQ city

Rochester

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Mining Pool Fees: Revenue generated from mining pool operations through transaction fees and mining rewards from Bitcoin and Zcash networks. Foundry USA Pool is the world's largest Bitcoin mining pool.
2. Mining Equipment Marketplace: FoundryX marketplace facilitating buyer-seller matching for bitcoin mining machines. Completed over $125M in sales in 2021 with relationships with 200+ buyers and sellers including public mining companies, family offices, and energy companies.
3. Staking Services: Foundry Staking provides white-glove staking and related services for proof-of-stake blockchain networks including Solana, Helium, The Graph, Horizen, and 20+ blockchain networks total. Services targeted at institutions, exchanges, and banks.
4. Equipment Financing: Financing services for mining equipment purchases. Provided financing to Core Scientific (up to $23M), Hut 8 ($11.8M for MicroBT machines), and Bitfarms (2,465 Whatsminer M30S machines).

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Foundry Digital operates the world's largest Bitcoin mining pool (Foundry USA Pool) and provides institutional-grade digital asset mining and staking infrastructure. Its product portfolio includes the Foundry Zcash Pool, Foundry Staking (covering 20+ proof-of-stake networks), FoundryX (a marketplace for buying and selling bitcoin mining machines), and Foundry Hardware. The company is a wholly-owned subsidiary of Digital Currency Group (DCG) and serves public mining companies, professional mining operations, exchanges, and banks.

Product overview

Foundry Digital is a digital asset infrastructure company operating a platform-plus-products model. The core offering centers on Foundry USA Pool (world's #1 Bitcoin mining pool by hashrate) and Foundry Zcash Pool (institutional-standard Zcash mining pool launched April 2026), both providing compliance-first, institutional-grade mining infrastructure. The product portfolio extends to Foundry Staking (proof-of-stake services across 20 networks including Solana and Helium), FoundryX (Bitcoin mining machine marketplace with 200+ counterparties), Foundry Hardware (institutional mining equipment suite), Foundry Donate (open-source developer contribution program), and Foundry Academy (technician training). Supporting infrastructure includes Zcashinfo.com block explorer. The company operates as a subsidiary of Digital Currency Group (DCG) and acquired Web3 firm Upstate Interactive in 2022. Foundry Logistics was transitioned to Compass Logistics & Marine in 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Foundry USA Pool The world's #1 Bitcoin mining pool by hashrate, providing US-based, institutional-grade infrastructure focused on security and reliability. Offers FPPS payout mode, SOC compliance, KYC/AML for pool members, tiered account permissions, and a robust API suite for institutional miners.
• Foundry Zcash Pool Institutional-standard Zcash mining pool offering compliance-first infrastructure, fully auditable PPLNS payouts, rigorous KYC/AML screening, and dedicated US-based 24/7 support. Supports both transparent and shielded transactions with on-chain visibility.
• Foundry Staking Institutional staking and white-glove services for proof-of-stake blockchain networks, covering 20 blockchain networks including Solana, Helium, The Graph, and Horizen. Targets exchanges, banks, and other institutions.
• FoundryX Marketplace Marketplace matching buyers and sellers of Bitcoin mining machines, with relationships across 200+ buyers and sellers including public mining companies, family offices, and energy companies. Secured over 40,000 latest-generation machines from MicroBT and Bitmain for immediate delivery through 2022.
• Foundry Hardware Suite of products designed specifically for institutional cryptocurrency mining operations, aimed at optimizing mining systems, improving uptime efficiency, and enhancing long-term reliability of mining infrastructure.
• Zcashinfo.com Block explorer built for the Zcash community providing real-time on-chain data, pool rankings, hashrate distribution, block data, network difficulty trends, and transaction-level transparency.

Quantifiable outcome

• World's largest Bitcoin mining pool by hashrate
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Compass Logistics & Marine (CLM)coreChannel Partner/ Reseller/ Distributor · 1 January 2025Foundry transitioned its logistics operations to Compass Logistics & Marine (CLM), a licensed international freight forwarder and U.S. customs broker, effective January 1, 2025. CLM launched CLM Tech, a subdivision dedicated to serving technology sector logistics needs including customs navigation and shipping optimization.
• Texas Blockchain Council (TBC)minorStrategic or Co-development Partner · 29 March 2022Foundry joined the Texas Blockchain Council, a nonprofit industry association, as part of ongoing efforts to help shape the regulatory landscape for digital assets in North America.
• Blockchain AssociationminorStrategic or Co-development Partner · 3 March 2022Foundry joined the Blockchain Association, a member-led organization dedicated to improving the public policy environment for digital assets. Part of Foundry's mission to highlight the transformative potential of decentralized blockchain technologies.
• HIVE Blockchain TechnologiesminorStrategic or Co-development Partner · 12 July 2021HIVE Blockchain purchased 3,019 MicroBT WhatsMiner M30S mining computers through Foundry's services, increasing production by 46% immediately.
• BitfarmscoreStrategic or Co-development Partner · 23 April 2021Bitfarms partnered with Foundry to expand Bitcoin mining fleet through purchase of 2,465 Whatsminer M30S Bitcoin mining machines, with immediate 15% hashrate boost upon joining Foundry USA Pool.
• Hut 8coreStrategic or Co-development Partner · 22 January 2021Hut 8, one of North America's largest digital asset mining pioneers, partnered with Foundry and completed $11.8M financing for 5,400 MicroBT mining machines. Hut 8 also joined Foundry USA Pool with 14,400 machines adding 0.81 EH/s of compute power.
• Compute NorthminorStrategic or Co-development Partner · 13 January 2021Compute North and Foundry partnered to target North American Bitcoin miners, making it easier for businesses to mine bitcoin through combined infrastructure capabilities.
• Core ScientificcoreStrategic or Co-development Partner · 9 December 2020Core Scientific, the largest digital mining operation in the U.S., partnered with Foundry to receive up to $23 million in financing for Core Scientific and its clients' mining equipment. The partnership enables expansion of mining capacity for machines in North America.
• MicroBTcoreTechnology or Integration · 25 September 2020MicroBT partnered with Foundry providing access to their WhatsMiner line of mining equipment. Foundry secured over 40,000 machines from both MicroBT and Bitmain for immediate delivery through 2022.
• BitmaincoreTechnology or Integration · 10 September 2020Bitmain partnered with Foundry to drive traditional capital into the digital era. Foundry has access to Bitmain's mining equipment inventory including the latest generation machines for the North American market.

Scale indicators6 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• AntPool: AntPool is one of the largest Bitcoin mining pools globally, operated by Bitmain. It directly competes with Foundry USA Pool for institutional and retail miners, offering similar pool infrastructure, fee-based payouts, and global hashrate aggregation.
• F2Pool: F2Pool is a long-established multi-coin mining pool supporting Bitcoin, Litecoin, and other proof-of-work networks. It competes directly with Foundry USA Pool in Bitcoin and with Foundry Zcash Pool in Zcash, offering similar payout infrastructure and miner services.
• ViaBTC: ViaBTC operated the dominant Zcash mining pool (with ~68% hashrate share pre-2026) and is a significant Bitcoin pool competitor. Foundry's Zcash Pool directly targets ViaBTC's market position, eroding its dominant share.
• Braiins (Slush Pool): Braiins operates Slush Pool, the first Bitcoin mining pool, and offers mining firmware and monitoring software. It competes with Foundry on pool infrastructure and is a comparable institutional-focused operator with mining software products overlapping Foundry's OptiFleet and pool tools.

Emerging players

• Marathon Digital Holdings: Marathon Digital is a large public Bitcoin self-miner and a customer of Foundry USA Pool. While primarily a miner (not a pool operator), its scale and Foundry pool participation make it a relevant peer shaping institutional mining economics.
• Riot Platforms: Riot Platforms is a major public Bitcoin miner and Foundry USA Pool customer. Its self-mining focus and institutional posture make it a comparable enterprise mining counterpart to Foundry's mining infrastructure services.
• Core Scientific: Core Scientific is a large North American digital asset mining and AI hosting operator and was a key Foundry financing and pool customer. Its hybrid mining + hosting business model overlaps with Foundry's broader digital asset infrastructure mandate.
• Compass Mining: Compass Mining operates a marketplace and hosting platform for retail and institutional Bitcoin miners, directly comparable to FoundryX's marketplace and the self-mining hosting elements of Foundry's infrastructure offering.

Broad incumbents

• Galaxy Digital: Galaxy Digital is a diversified institutional digital asset platform offering trading, asset management, mining, and staking. Its institutional focus and breadth of digital asset services make it a broader competitor to Foundry's institutional digital asset infrastructure mandate.

Others

• Bitfarms: Bitfarms is a publicly listed Bitcoin miner and a Foundry customer (purchased 2,465 WhatsMiner M30S machines via Foundry). As a customer-and-peer in the public mining ecosystem, it represents both a buyer of Foundry services and a comparable institutional mining operation.

Market position

Strengths5 records

Weaknesses1 record

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• Xx.com/foundryservices
• YouTubeyoutube.com/@foundrydigital
• LinkedInlinkedin.com/company/foundrydigital

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foundry Digital