Top Bitcoin Mining Pool Foundry Starts Digital Currency Staking Business

The new business will provide staking services to institutional investors for 20 blockchain networks, including Solana, Helium, The Graph and Horizen.

AccessTimeIconNov 10, 2021 at 6:28 p.m. UTC
Updated May 11, 2023 at 7:07 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Foundry Digital has launched Foundry Staking to provide services to institutions related to various proof-of-stake (PoS) blockchain networks.

“We have made significant investments in engineering talent and PoS infrastructure to replicate our mining success in the fast-growing staking industry,” said Foundry CEO Mike Colyer, in a statement on Wednesday.

Proof-of-stake is the name of the consensus mechanism that requires users to stake an amount of cryptocurrency to become validators, as opposed to the Bitcoin network’s proof-of-work system requiring users to purchase and run mining equipment.

Foundry will tailor its staking business to institutions such as exchanges, wallets, custodians, hedge funds, banks and venture capital firms. It will also provide various white-glove, customizable services for the mining pool’s clients.

Also, the business will collaborate with digital asset prime brokerage Genesis to provide its clients with various treasury management services.

Foundry’s North America-based bitcoin mining pool represents about 13% of total hashrate, with over 20 exahashes per second of mining power, according to network data collected by

Mining pools.

Foundry Staking’s range of services will cover 20 blockchain networks including Solana, Helium, The Graph and Horizen, according to a statement on Wednesday.

Foundry and Genesis are subsidiaries of Digital Currency Group, which is the parent company of CoinDesk.

UPDATE (Nov. 12 16:06 UTC): Adds that Genesis is a DCG subsidiary.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Aoyon Ashraf

Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.