{"id":16599,"date":"2021-05-07T13:11:01","date_gmt":"2021-05-07T13:11:01","guid":{"rendered":"http:\/\/ci02827f8190002458"},"modified":"2025-10-02T10:21:56","modified_gmt":"2025-10-02T15:21:56","slug":"foundry-ceo-bitcoin-mining-in-north-america","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/foundry-ceo-bitcoin-mining-in-north-america","title":{"rendered":"Interview: Foundry\u2019s Mike Colyer On Bitcoin Mining In North America"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><div class=\"youtube-embed\" data-video_id=\"iKVWWqLYR-g\"><iframe loading=\"lazy\" title=\"Bitcoin Mining in the USA w\/ Mike Colyer - Bitcoin Magazine Podcast\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/iKVWWqLYR-g?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p><strong><a href=\"https:\/\/www.youtube.com\/watch?v=iKVWWqLYR-g&amp;feature=youtu.be\" target=\"_blank\" rel=\"noopener\">Watch This Episode On YouTube<\/a><\/strong><\/p>\n<p><strong>Listen To This Episode:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/bitcoin-magazine-podcast\/id1459884105?i=1000520535250\" target=\"_blank\" rel=\"noopener\">Apple<\/a><\/li>\n<li><a href=\"https:\/\/open.spotify.com\/episode\/0a4tdVoZm9MD3QDeMCOMCH?si=HgHmk6mCQ-On-pQ89Br-LA&amp;dl_branch=1\" target=\"_blank\" rel=\"noopener\">Spotify<\/a><\/li>\n<li><a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly9iaXRjb2lubWFnYXppbmUubGlic3luLmNvbS9yc3M\/episode\/ZmZhNjE5YWMtZjE0NS00YTk5LWExYTktY2QxNTVjYTQ4Nzlh?sa=X&amp;ved=2ahUKEwjl_6CV0rfwAhVYHs0KHTOUCFgQkfYCegQIARAF\" target=\"_blank\" rel=\"noopener\">Google<\/a><\/li>\n<li>Libsyn<\/li>\n<li><a href=\"https:\/\/overcast.fm\/+Rp4r7YO1I\" target=\"_blank\" rel=\"noopener\">Overcast<\/a><\/li>\n<\/ul>\n<p>On this episode of the \u201cBitcoin Magazine Podcast,\u201d host Christian Keroles sat down with Mike Colyer, the CEO of Foundry, a wholly-owned subsidiary of Digital Currency Group that\u2019s focused on bitcoin mining in the U.S. Foundry is making a massive effort to bring hash rate to North America, both with physical hardware as well as by building the Foundry USA mining pool.<\/p>\n<p>Colyer is extremely proud of how much hash rate is flowing into the U.S. and the fact that Foundry&#8217;s pool has peeked into the top-five BTC mining pools of the world, as well as the fact that Foundry was one of the very first mining pools to signal for the Taproot upgrade of Bitcoin.<\/p>\n<p>One of the key ways that Foundry is building out a competitive mining environment in the U.S. is by financing other operations to acquire energy contracts and mining equipment. Foundry understands that nation states will have to build a strategy around Bitcoin mining and he wants to make sure that the hash rate is as evenly distributed around the globe as possible.<\/p>\n<p>Additional topics discussed include:<\/p>\n<ul>\n<li>Mining in North America<\/li>\n<li>The cost of mining per kilowatt in the best geographies<\/li>\n<li>The role of mining in geopolitics<\/li>\n<li>Volatility in Bitcoin&#8217;s hash rate and what that means<\/li>\n<li>The players in the ASIC game and the nature of the ASIC market<\/li>\n<li>Foundry financing self-mining or equipment in North America<\/li>\n<li>How the mining ecosystem is evolving over the course of this year<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Mike Colyer, CEO of Foundry, joined the \u201cBitcoin Magazine Podcast,\u201d to discuss distributing the Bitcoin mining hash rate.<\/p>\n","protected":false},"author":2520,"featured_media":15547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1826,189,1595,2837,543],"class_list":["post-16599","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bitcoin-magazine-podcast","tag-bitcoin-mining","tag-foundry","tag-foundry-usa-pool","tag-video"],"author_data":{"id":2520,"name":"Bitcoin Magazine","nicename":"bitcoin-magazine","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/bitcoin-magazine-logo.jpeg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/bitcoin-magazine-podcast-template.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2520"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=16599"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16599\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/15547"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=16599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=16599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=16599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}