Bitcoin mining company Cleanspark announced today that it has moved one of its EXH (EH / S) hashrates to Power Foundry USA Pool, a mining pool owned by Bitcoin Mining Financing and consulting firm Foundry Digital. After joining the pool, Cleanspark said it plans to reach its mining fleet at 2 eh / sec by the end of 2021.
“Our relationship with Foundry is meaningful,” said Jack Bradford, CEO and President of Cleanspark. Bitcoin Magazine. “We will continue to deposit our hashrates at the foundry as more of our machines will be deployed in the coming months as we share our commitment to empowering decentralized networks.”
Foundry USA Pool is ready for institutional mining, looking for an integrated suite of services ranging from treasury management and bitcoin custody to derivative products to BTC parallel nding and earnings. Other mines in the pool include HIVE, Hut 8, Greenidge, Core Scientific, Bitfarms, and Foundry itself.
“We are thrilled to be joining publicly traded companies in Foundry USA Pool, such as Cleanspark,” said Mike Collier, CEO of Findry.
Bitcoin mining pool is an integrated way where different miners can “pool” their assets together and increase their total hashing power. If the pool is able to successfully dig a block, the coinbase prize is divided equally among the integrators, according to the number of shares they contribute to the pool. According to the release, Foundry USA Pool does not rely on external parties through its members full-pay-per-share (FPPS) payment method, increasing stability and reducing the risk of paying.
“Mining pools have historically not been so transparent in calculating their mining earnings,” said Bernardo Schukman, senior vice president of mining at Cleanspark. “Foundry USA Pool is an exception. Being an American mining pool with a transparent and compliant approach, it provides full disclosure of their earnings to all stakeholders.