Foundry

Foundry was created by Digital Currency Group to meet the institutional demand for better capital access, efficiency, and transparency in the digital currency mining and staking industry. Foundry works to provide miners with the tools they need to help build decentralized infrastructure and are protocol-agnostic to support all blockchain entrepreneurs.

In 2022, Foundry announced its membership with the Blockchain Association, a member-led organization working to improve the public policy environment for digital assets. This membership was announced as part of Foundry's founding mission to highlight the potential of decentralized blockchain technologies and the infrastructure that makes cryptocurrencies secure and egalitarian.

Foundry launched the company's FoundryX, a marketplace that matches buyers and sellers of bitcoin mining machines. Buyers and sellers have access to Foundry's business intelligence on inventory, pricing, and demand. This has worked to create a secondary market to connect buyers and sellers for the right price for mining equipment. The equipment is sourced from major manufacturers and resellers, with the service being in response to the global semiconductor chips shortages and supply chain issues experienced during 2020 and 2021 as part of the COVID-19 pandemic.

Foundry also provides financing and mining equipment or access to equipment manufacturers for those working to finance bitcoin mining operations. Traditionally, financing options have been limited, if available at all, for those who are trying to develop a bitcoin mining operation, which Foundry's program is designed to address the problem in a reliable and scalable way.

Foundry offers digital asset staking and advisory services to institutions such as exchanges, wallets, custodians, hedge funds, banks, and venture capital firms. This includes a staking infrastructure and supporting protocols to help users understand decentralization and to help Foundry's founding mission to make decentralization and blockchain more available and understood, including making Proof-of-Stake networks more accessible.

As part of Foundry's purpose of supporting decentralization, Foundry Labs works to support innovative blockchain protocols and new industry-advancing technology as a partner to help develop the protocol.