KUALA LUMPUR, Aug 28 -- Digital Currency Group (DCG) has announced a new wholly-owned subsidiary, Foundry, which will provide capital and advisory services to empower the digital asset mining ecosystem.
DCG has committed to investing over US$100 million into Foundry through 2021. For the first time, miners and manufacturers can access trusted partners and capital resources through the powerful DCG network (US$1 = RM4.171).
Foundry offers institutional expertise, capital, and market intelligence to digital asset miners and manufacturers, providing them with the resources to build, maintain, and secure decentralised networks.
According to a statement, Mike Colyer, a former Core Scientific executive, was tapped to be Foundry’s chief executive officer.
Foundry currently offers three services for the mining ecosystem: equipment financing and procurement; mining and staking; and consulting and advisory services.
It is focused on partnering with key players in the mining and staking industry with the goal of creating greater access to digital asset mining, decentralising geographic opportunity, and bringing more legitimacy and transparency to the bitcoin mining ecosystem.
Based in New York City, DCG is a global enterprise that builds, buys, and invests in blockchain companies. It is also an investor in more than 160 companies worldwide. More details at dcg.co.
-- BERNAMA
No comments:
Post a Comment