Latest News and Articles about Foundry USA

U.S. Takes Over 40% of Bitcoin Mining Power, Raising Centralization Concerns

7 January 2025 Daily Feed Bitcoin Mining, Centralization, Foundry USA, United States

United States Dominates Bitcoin Mining with Over 40% Global Hashrate Share The United States has emerged as the global leader in Bitcoin mining, commanding over 40% of the world’s hashrate by the end of 2024. This surge is primarily driven by Foundry USA, the largest mining pool globally, with a hashrate of 280 EH/s, and […]

Foundry Refunds 8.18 BTC Overpayment Amid 60% Layoffs

31 December 2024 Daily Feed Bitcoin Mining, Foundry USA, Layoffs, Transaction Fee

Bitcoin Miner Foundry Returns Excess 8.18 BTC Fee After Transaction Error Bitcoin mining giant Foundry USA Pool recently refunded an accidental overpayment of a transaction fee amounting to 8.18 BTC, valued at approximately $777,000. This incident, alongside significant layoffs at Foundry, highlights the complexities and economic pressures within the crypto mining industry. 8.18 BTC fee […]