The new company will provide capital and advisory services to empower the digital asset mining ecosystem
DCG commits to $100 million investment in Foundry through 2021
NEW YORK, Aug 28 (Bernama-BUSINESS WIRE) — Digital Currency Group (DCG), a global enterprise that builds, buys, and invests in blockchain companies, today announced a new wholly-owned subsidiary: Foundry. Quietly formed in 2019, Foundry offers institutional expertise, capital, and market intelligence to digital asset miners and manufacturers, providing them with the resources to build, maintain, and secure decentralized networks. Mike Colyer, a former Core Scientific executive, was tapped to be Foundry’s Chief Executive Officer.