BitVentures Limited Joins Foundry USA Pool for Bitcoin Mining

BitVentures Limited has announced its decision to join Foundry USA Pool, a leading Bitcoin mining pool operated by Foundry Digital LLC. This strategic move will allow BitVentures to direct its Bitcoin mining hashrate to Foundry USA Pool's institutional-grade platform, leveraging its focus on security, reliability, and compliance. The Company will utilize the Full-Pay-Per-Share (FPPS) payout model, aiming to reduce reward volatility and achieve more predictable earnings. Foundry USA Pool's U.S.-based operations and global infrastructure are expected to enhance operational efficiency by potentially lowering rejection and stale share rates. The pool's SOC 1 Type 2 and SOC 2 Type 2 accreditation, along with its auditable payouts and real-time reporting, are anticipated to bolster BitVentures' insight into its operational data, supporting robust financial reporting, internal controls, and regulatory compliance. This alignment is considered a key step in BitVentures' operational maturity.