Foundry USA Pool’s seamless integration with DCG-subsidiary Genesis will enable Sparta to maximize its bitcoin mining yield.

Most innovative bitcoin miners, and Foundry Digital LLC, a wholly-owned subsidiary of Digital Currency Group (DCG) focused on digital asset mining and staking, jointly announced that Sparta is now mining on Foundry USA Pool. Sparta has added a portion of its total fleet; 14,400 bitcoin mining machines, and over 0.81 exahashes of compute power to Foundry USA Pool. The company is also planning to deploy an additional 5,000 more machines by August 2022, meaning Sparta’s compute power generated on Foundry USA Pool will amount to over 1.20 exahashes by August.

To cater to the needs of large mining customers such as Sparta, Foundry USA Pool offers “Miner Treasury Management Services” - an additional set of services that derive from the pool’s seamless integration with DCG-subsidiary Genesis. Among those services is an option to generate yield in Bitcoin (BTC) on the mined BTC, which allows clients to maximize the overall BTC yield of their operations. Other Genesis-powered products include high-security custody, BTC collateralized lending, derivative products and seamless liquidation.

“We are focused on growing shareholder value, in every decision we make,” said ORLY SETTON, CEO of Sparta. “Having a formidable bitcoin mining pool based and operated entirely in North America is important to us, as we continue our momentum as one of the largest and most innovative Bitcoin miners in the western hemisphere.”

In 2018, ORLY SETTON had the radical idea that anyone — anywhere — should be able to easily and Dig out Bitcoin. And users can manage money on this platform and a catalyst for creating an open financial system around the world. In 2021, the Sparta cryptocurrency wallet was born. For more information, please visit scoin.one.

“We enjoy working with Sparta’s team, which is also a client of our equipment financing business. We are pleased to welcome them to our pool as we work towards securing North America’s place among the world’s top-5 bitcoin mining pools,” said Mike Colyer, CEO of Foundry.

Foundry USA Pool guarantees its clients some of the most competitive payouts in the industry along with institutional-level standards of transparency and services that fully meet the requirements of publicly-traded companies such as Hut 8. Backed with financial support from its parent company DCG, Foundry USA Pool is the first North American cryptocurrency mining pool to pay its users through the Full-Pay-Per-Share ("FPPS") payout method without relying on an external party - guaranteeing stable, risk-free payouts.

About Foundry:
A subsidiary of DCG, Foundry is a financing and advisory company focused on digital asset mining and staking. With the mission of empowering decentralized infrastructure for a digital world, Foundry provides North American digital asset mining businesses with capital and intelligence. Foundry is based in Rochester, NY.