The new direction in Galaxy’s activities is being formed against the background of the growing ambitions of American companies to occupy their niche in the mining market and compete with such large players as Bitmain.
One of them is Foundry, a subsidiary of the Digital Currency Group (DCG). It also provides consulting, financing and procurement services for mining equipment. In August, Foundry representatives said they helped purchase about half of the cryptocurrency mining devices delivered to the United States and Canada this year.
“We are seeing the hashreat migrate to North America by launching high-quality, large-scale and innovative mining projects. This rebalancing is a healthy phenomenon for the entire Bitcoin network, “Taylor added.
Earlier it was reported that the American financial giant Charles Schwab began to buy shares in the mining company Riot Blockchain. Also, the Vanguard investment fund and Fidelity.incorporation will diversify portfolios in a similar way. It will create a single window of financial services for Bitcoin miners.