On Tuesday, Digital Currency Group’s (DCG) mining subsidiary, Foundry Digital, announced the company has joined the Texas Blockchain Council (TBC), a nonprofit industry association in the state of Texas. Foundry detailed the newly formed alliance is aimed at Foundry’s efforts to “help shape the regulatory landscape for digital assets” in North America.

Foundry Becomes a Texas Blockchain Council Strategic Partner Member

The digital asset mining, staking, and advisory services firm Foundry Digital has announced it has joined the Texas Blockchain Council (TBC). The organization TBC is a group of individuals and companies dedicated to bitcoin and blockchain-related advocacy and public policy initiatives.

“We exist to amalgamate the influence of our members, to advocate for blockchain-centric public policy initiatives, to educate members of government about the benefits of blockchain technology, and to provide subject matter expertise on topics related to blockchain and distributed ledger technology,” the TBC website details.

“Foundry is one of the most well respected names in the bitcoin mining industry,” TBC president Lee Bratcher said in a statement sent to Bitcoin.com News. “Their suite of tools from marketplace intelligence to mining pools to equipment financing are world-class. The Texas Blockchain Council is honored to announce Foundry as our newest strategic partner member,” Bratcher added.

In terms of other TBC strategic partner members (SPMs), the list includes well-known crypto firms like Marathon Digital Holdings, Argo Blockchain, Blockware Solutions, and Core Scientific. Furthermore, other SPMs include Cholla Petroleum Inc., Rhodium, Hyland, and Vantage Bank Texas. Corporate members of TBC include Deloitte, Compute North, Luxor, Steelhead Capital Management, and Blockfills.

In August 2021, after the passage of the U.S. government’s infrastructure bill, TBC formed a Texas Blockchain Committee PAC. Prior to the alliance with TBC, Foundry announced on March 3, that it joined the 70+ member organization the Blockchain Association. Foundry’s reasoning for joining the Blockchain Association is so the company can “bring its expertise and insight to Washington to shape the regulatory future of the crypto industry.”

Foundry has had a track record of significant deals and milestones during the last year. The same week Foundry joined the Blockchain Association it completed a 12-megawatt (MW) co-location deal with the bitcoin mining operation Mawson Infrastructure Group (MIGI). Last November, Foundry launched a range of services for a number of crypto staking networks and in December, the company revealed a mining machine marketplace.

Foundry USA, the firm’s bitcoin mining pool, has been the largest mining pool for the last three months, capturing 2,367 mining rewards during that timeframe. Kyle Schneps, the director of public policy at Foundry, believes joining the Texas Blockchain Council will be helpful to the crypto industry. “This membership will help us continue to diligently shape the policy narrative for our industry,” Schneps remarked during the announcement on Tuesday.

Tags in this story
Argo Blockchain, Bitcoin mining, Blockchain Association, Blockware Solutions, Core Scientific, crypto staking networks, Distributed Ledger Technology, Foundry Digital, Kyle Schneps, Lee Bratcher, Marathon Digital Holdings, MIGI, mining machine marketplace, mining pool, North America, public policy, Regulations, TBC president, Texas Blockchain Committee PAC

What do you think about Foundry becoming a TBC strategic partner member? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

Source. Invest now with as low as $500, Earn up to 3% ROI daily on GTI Trade.

Share this now: