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Foundry To Acquire Two Turnkey Mining Facilities from Compute North, Plus Right to Acquire Third Facility Under DevelopmentFoundry has entered into an asset purchase agreement with Compute North to acquire two facilities with total power capacity of 17 MW and an option to acquire rights to complete buildout of a third site started by Compute North ROCHESTER, N.Y., Nov. 22, 2022 /PRNewswire/ -- Foundry Digital LLC ("Foundry" or the "Company"), a wholly-owned subsidiary of Digital Currency Group ("DCG"), focused on digital asset mining and staking, announced today that it has entered into an asset purchase agreement to acquire two turnkey cryptocurrency mining facilities and other assets, and an option to acquire a third facility that is under development, from large-scale computing infrastructure company Compute North. The acquisition, when consummated, would include:
Founded by DCG in late 2019, Foundry has emerged as a leader in the global cryptocurrency mining industry. Foundry's mining-focused business ventures — the FoundryX marketplace for mining machines, the Foundry USA Pool, Foundry Academy, Foundry Logistics and Foundry Deploy — are all among the most recognizable names in their respective fields. About Foundry A subsidiary of DCG, Foundry was created to meet the institutional demand for better capital access, efficiency and transparency in the digital asset mining and staking industry. Headquartered in Rochester, NY, Foundry leverages its institutional expertise, capital and market intelligence to empower participants within the crypto ecosystem by providing the tools they need to build tomorrow's decentralized infrastructure. For more information, please visit foundrydigital.com. View original content:https://www.prnewswire.com/news-releases/foundry-to-acquire-two-turnkey-mining-facilities-from-compute-north-plus-right-to-acquire-third-facility-under-development-301685734.html SOURCE Foundry Digital LLC |