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Digital Currency Group Plans To Invest $100 Million In Crypto Mining Space Through New Subsidiary

Emily Mason

Summary: Blockchain investment firm Digital Currency Group plans to invest $100 million in the crypto mining industry, according to a recent announcement. DCG is entering into the crypto mining space through its newest subsidiary Foundry. The subsidiary provides resources and expertise to cryptocurrency miners and equipment manufacturers. The announcement claims that Foundry is one of the largest ...

Blockchain investment firm Digital Currency Group plans to invest $100 million in the crypto mining industry, according to a recent announcement.

DCG is entering into the crypto mining space through its newest subsidiary Foundry. The subsidiary provides resources and expertise to cryptocurrency miners and equipment manufacturers.

The announcement claims that Foundry is one of the largest Bitcoin miners in North America and has provided millions of dollars to other mining operations.

DCG plans to make its $100 million dollar investment through 2021 in addition to offering miners and manufacturers access to the DCG network of companies. 

By Emily Mason

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Link: Digital Currency Group Plans To Invest $100 Million In Crypto Mining Space Through New Subsidiary   [Copy]
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