Share this article
Crypto Mining and Staking Firm Foundry Starts Training Program for Miners
DCG subsidiary Foundry is launching a training program for mining technicians.
Updated May 11, 2023, 5:34 p.m. Published Jul 19, 2022, 1:00 p.m.
Make us preferred on Google
Digital asset mining and staking firm Foundry has started the Foundry Academy, a program to train and prepare technicians for the bitcoin mining industry. Foundry is a subsidiary of Digital Currency Group (DCG), which is the parent company of CoinDesk.
- A certifiable training course from a heavyweight like Foundry will give aspiring engineers a viable alternative to official training courses from Bitmain and MicroBT, the largest manufacturers of bitcoin mining rigs.
- Bitmain is notoriously secretive, and trainees have to keep all training information confidential, as per the terms of service posted on its site. MicroBT on the other hand, offers free training and has posted training materials on YouTube.
- Foundry Academy’s one-week program in Rochester, New York, where the company is headquartered, offers courses starting with bitcoin fundamentals all the way to mining rig diagnostics and maintenance, according to a press release sent to CoinDesk.
- The Academy's first cohort was in May, and the next training is scheduled to start on Sept. 12.
- Foundry will also leverage its connections in the industry to help graduates land jobs, according to the press release.
- "After completing the Academy, I feel that I received industry training that only Foundry could provide at this level," said Quinn Carr, a student of the first cohort of the program who now works for a publicly listed bitcoin mining company.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
Mais para você
Standard Chartered says U.S. regional banks most at risk in $500 billion stablecoin shift
The delay of market structure legislation highlights a growing threat to domestic lenders as digital dollars begin to cannibalize traditional bank deposits.
O que saber:
- Standard Chartered warned that U.S. regional banks are the most exposed to stablecoin disruption due to their heavy reliance on net interest margin (NIM) for revenue.
- The bank projected that one-third of the growing stablecoin market will be sourced from developed market bank deposits, totaling an estimated $500 billion outflow by 2028.
- A legislative standoff over whether stablecoin providers can pay interest is stalling market structure legislation, though Standard Chartered still expects a March passage.
Top Stories
