Foundry Launches Marketplace of Bitcoin Miners

Foundry Digital LLC has launched a marketplace to match interested buyers and sellers of bitcoin mining machines, the company said in a statement sent to Bitcoin Magazine.

FoundryX seeks to cut down waiting times and bureaucracy for U.S.-based buyers looking to acquire new rigs, ensuring timely delivery of mining rigs compared to the lengthy process necessary to import them from Asia. Foundry’s secondary market attempts to match the right buyers and sellers at competitive prices.

“Global semiconductor chips shortage and supply chain issues have made it difficult for North American mining businesses to procure machines from Asia on time,” per the statement. “There has also been a sudden influx of new resellers that require significant wire deposits to reserve machines, which has made the process even more challenging.”