Foundry Digital
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.
- Company typePrivate
- Founded2019
- HeadquartersRochester, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
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.
Foundry Digital firmographics
Firmographics- 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
Foundry Digital industry classification
Industry- 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
Where Foundry Digital is headquartered
LocationHeadquarters
- HQ city
- Rochester
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Foundry Digital business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- 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.
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Foundry USA Pool - Institutional Bitcoin Mining |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Foundry Digital product offering
Product offeringCore 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
Companies that use Foundry Digital
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Foundry Digital technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Foundry Digital partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Compass Logistics & Marine (CLM)coreFoundry 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)minorFoundry 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 AssociationminorFoundry 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 TechnologiesminorHIVE Blockchain purchased 3,019 MicroBT WhatsMiner M30S mining computers through Foundry's services, increasing production by 46% immediately.
- BitfarmscoreBitfarms 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 8coreHut 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 NorthminorCompute North and Foundry partnered to target North American Bitcoin miners, making it easier for businesses to mine bitcoin through combined infrastructure capabilities.
- Core ScientificcoreCore 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.
- MicroBTcoreMicroBT 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.
- BitmaincoreBitmain 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
Foundry Digital competitors and assessment
Company assessmentDirect 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
Foundry Digital social profiles
Digital presenceFoundry Digital compliance and trust
Trust signalCompliance4 records
Foundry Digital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Foundry Digital leadership team
Management profileNumber of profiles
Profiles6 records
Foundry Digital subsidiaries and ownership
Company hierarchySubsidiaries5 records
Foundry Digital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Foundry Digital M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Foundry Digital
What does Foundry Digital do?
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.
Is Foundry Digital a public or private company?
Foundry Digital is a private company. It is classified as corporate owned and is currently operating.
When was Foundry Digital founded?
Foundry Digital was founded in 2019. It employs 101 to 250 people.
Where is Foundry Digital based?
Foundry Digital is headquartered in Rochester, United States, in the North America region.
How does Foundry Digital make money?
Four revenue lines are on record. Mining Pool Fees are the primary driver. The others are mining Equipment Marketplace, staking Services and equipment Financing.
Who are Foundry Digital's main competitors?
Direct peers on record are AntPool, F2Pool, ViaBTC and Braiins (Slush Pool). Emerging players are Marathon Digital Holdings, Riot Platforms, Core Scientific and Compass Mining. Galaxy Digital is listed as a broad incumbent. Bitfarms is listed as an others.
Does Foundry Digital have an API?
No public API is recorded for Foundry Digital.
What industry is Foundry Digital in?
Foundry Digital's product category is Digital Asset Mining Infrastructure. Its primary akta.pro industry code is FSADAOAB, Mining Pools & Pool Operators, with a secondary code of FSADAOAF, Mining Software, Firmware & Monitoring Platforms. Its SIC code is 1000.