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For example, most Texas miners fall under the pool today.The rise of the pool was triggered by China's ban on Bitcoin mining, which we witnessed in May 2021. Large miners operating in China, both domestic and foreign firms operating in the region, had to quickly move huge quantities of their ASIC equipment and proved to be the most useful for this just the United States and Kazakhstan.
Within the USA, the largest group of miners ended up in Texas, which has one of the most Indonesia WhatsApp Number Data favorable laws towards miners.But Foundry had one more triumph up its sleeve, and that was massive investment in new ASICs during the pandemic bull market, i.e. at a time when a significant part of the competition bet more on collecting profits.
https://lh7-us.googleusercontent.com/-tfNwQgPm3h5LfHYNTqFEE4GDzUEF4aQL9ZjsasmyyrZkgFzn9hZ23TCvPkcW6EbTVvTACZT73KDDu58FWnZFKfMWKxvCFow37h2ibzTLHPDPLomTTF7rALgfxiTe-F2nNjjgqEtNKPvcCU5LXCjTcE
The latter, which suffered the most in the bear market, instead bet on leverage and mining with borrowed equipment on debt. For example, Foundry also very presciently partnered with ASIC manufacturer MicroBT in September 2020 to give their institutional miners priority access to the new M30S ASICs.And it's paid off, with Foundry carving out more and more market share at a time when others have been struggling with a general chip shortage.
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