Investment firm DCG announced a $100 million investment in Bitcoin mining equipment through its subsidiary Foundry.
In order to increase the potential of the mining is. Bitcoin in North America, the venture capital and investment company for companies blockchain, Digital Currency Group (DCG), the mother company Grayscale, announced that it will invest a total of $100 million in Bitcoin mining equipment. The investment will be made through the company Foundry, a subsidiary of DCG founded in 2019 as a solution to offer advisory and financing services to entrepreneurs and companies for the acquisition of mining equipment for the network Bitcoin.
Through the services offered by Foundry, DCG seeks to foster the development of the Bitcoin mining industry and position North America as an important and interesting area for the growth and development of this industry. In addition, the company states that one of its main objectives is to finance miners and all those companies that need financial support to acquire Bitcoin mining equipment.
Foundry, for its part, is dedicated to boosting the mining industry by providing advisory and consulting services for mining centers, financing services for the acquisition of mining equipment, and small- and large-scale mining and participation services.
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DCG towards the development of a new financial system through Bitcoin and blockchain technology
Barry Silvert, founder and CEO of DCG, says that Bitcoin mining is a fundamental and important part of the core structure of blockchain technology, which will significantly contribute to the creation, promotion and development of a new financial system; one that is more stable, solid and transparent than the current system. Therefore, DCG's commitment to invest resources in the order of 100 million dollars will allow trusted investors and partners to access the necessary capital to expand this industry in North America.
“Our mission at DCG is to accelerate the development of a better financial system.”
On the other hand, DCG's subsidiary, Foundry, will be responsible for providing all the resources and advice necessary to meet the growing needs of miners participating in this industry. Foundry offers a financing program that is intended for the acquisition of mining equipment for Bitcoin or other cryptocurrencies of interest. It also has Foundry Labs, a laboratory for the development of innovative products for the mining industry and blockchain-based projects.
DCG’s expansion into Bitcoin mining will allow the company to consolidate its global market share, as well as allowing miners easy access to the company’s robust capital.
“We want to empower decentralized infrastructure in the new digital economy, and our work will support the development and growth of mining operations, especially in North America.”
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