Hut 8 Mining Corp. has announced that it is joining Foundry USA Pool, expanding its presence in North America’s bitcoin mining infrastructure. According to the company, it has already added 14,400 bitcoin mining machines to Foundry’s pool, contributing roughly 0.81 exahashes per second (EH/s) of hashpower.
Hut 8 Expands Its Mining Footprint in North America
The Toronto-based miner said a portion of its fleet is now operating on Foundry’s U.S.-based pool. Foundry Digital LLC is a wholly owned subsidiary of Digital Currency Group (DCG) and focuses on cryptocurrency mining and staking-related services. The move places more of Hut 8’s mining activity within a North American pool structure at a time when regional mining capacity and pool alternatives have been drawing greater industry attention.
In the company’s announcement, Hut 8 CEO Jaime Leverton said the miner remains focused on decisions that support shareholder value. She also emphasized the strategic importance of having a formidable bitcoin mining pool that is based and operated entirely in North America, framing the partnership as consistent with Hut 8’s ambition to remain one of the largest and most innovative bitcoin miners in the western hemisphere.
Another 5,000 Miners Planned by August
Hut 8 is not stopping with the initial deployment. The company said it plans to add another 5,000 mining rigs by August 2021. Once those machines are connected to Foundry’s U.S. pool, the total deployed hashpower is expected to reach approximately 1.20 EH/s.
This planned expansion suggests that Hut 8 is pursuing continued growth in mining capacity while deepening its relationship with Foundry’s broader service platform. The added deployment also highlights the scale at which industrial bitcoin miners are managing fleet allocation and pool partnerships as part of larger operating and treasury strategies.
Foundry Positions Itself as a U.S.-Based Alternative
Foundry described its mining pool as a strong U.S.-based alternative within a global mining pool market that the release characterized as China-dominated. That positioning is significant because pool concentration has long been a topic of discussion in the bitcoin mining sector, especially among operators seeking greater geographic diversification and infrastructure redundancy.
Foundry CEO Mike Colyer said Hut 8 is also a client of the company’s equipment financing business, indicating that the relationship between the two firms extends beyond pool participation. Colyer added that welcoming Hut 8 supports Foundry’s efforts to help secure North America’s place among the world’s top five bitcoin mining pools.
Beyond Pooling: Treasury, Yield, and Financial Services
The announcement also outlined some of the ancillary services available through Foundry’s mining pool ecosystem. These include Miner Treasury Management Services, tied to products connected with DCG subsidiary Genesis. Among those offerings is an option for miners to generate bitcoin-denominated yield on mined BTC, a feature intended to help clients maximize the overall BTC yield from their operations.
Additional Genesis-powered services mentioned in the release include high-security custody, BTC-collateralized lending, derivative products, and liquidation support. Together, these features show that the relationship between mining firms and pool operators is no longer limited to block production and payout distribution. Instead, miners are increasingly being offered integrated financial tools tied to treasury management, liquidity, and operational efficiency.
Why the Move Matters
Hut 8’s decision to join Foundry USA Pool is important for several reasons. First, it adds meaningful scale to Foundry’s pool, with 14,400 rigs already online and more scheduled to come. Second, it reinforces the broader buildout of North American bitcoin mining infrastructure, including mining pools, equipment financing, and treasury services. Third, it reflects how large public miners are making strategic choices not only about where to host machines, but also about which ecosystem can support their operational and financial goals.
While the announcement does not suggest any immediate change to the broader global mining landscape on its own, it does illustrate an ongoing shift toward more robust North American participation in the mining stack. With Hut 8 contributing substantial hashpower and planning further deployment, Foundry gains additional momentum in its attempt to expand its standing among leading mining pools worldwide.
Overall, the partnership marks more than a routine pool migration. It underscores a growing convergence of hashpower, financing, custody, and treasury management within the industrial bitcoin mining business. For Hut 8, the move supports further expansion and regional alignment. For Foundry, it strengthens both pool scale and its role as a service platform for large miners operating in North America.