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The Pomp Podcast

#409: Mike Colyer on Building North America's Mining Industry

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.81.9K Ratings

🗓️ 16 October 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

Mike Colyer is the CEO of Foundry, a new DCG subsidiary focused on crypto mining. Foundry was created to meet the institutional demand for improved capital access, market efficiency, and transparency in the bitcoin mining industry. The company currently offers three services for the mining ecosystem: equipment financing and procurement; mining and staking; and consulting and advisory services. In this episode, we discuss Foundry's launch, how they invested $100 million so far, a general mining business overview, the importance of North American hash rate, and Foundry's current product offering. ============================== Smart investors know being early is critical to success in crypto. CoinList is where early adopters invest in, earn, and trade the best new crypto assets before they list on other exchanges. Try CoinList Pro and be first to trade on network launch. Sign up via coinlist.co/pomp and earn $10 in BTC after you trade $100. ============================== Crypto.com is the only all-in-one platform that allows you to BUY / SELL / STORE / EARN / LOAN / INVEST crypto all from one place. Join over 1 million users currently using the Crypto.com app. Download and earn $50 USD using my code ‘pomp2020’, or use the link https://platinum.crypto.com/r/pomp2020 when you sign up for one of their metal cards today. ============================== Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com

Transcript

Click on a timestamp to play from that location

0:00.0

What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp

0:05.3

podcast, simply the best podcast out there. Let's kick this thing off. Mike Kohler is the CEO of Foundry,

0:13.3

a new DCG subsidiary focused on crypto mining. Foundry was created to meet the institutional demand

0:19.3

for improved capital access, market efficiency,

0:21.7

and transparency in the Bitcoin mining industry. The company currently offers three services

0:26.5

for the mining ecosystem, equipment financing and procurement, mining and staking, and consulting

0:31.9

and advisory services. In this episode, we discussed Foundry's launch, how they invested $100 million so far, a general mining business overview, the importance of North American hash rate, and Foundry's current product offering.

0:46.0

I really enjoyed this conversation with Mike, and I hope you do as well.

0:50.3

Before we get into this episode, though, I want to quickly talk about our sponsors.

0:54.2

First up is Coinlist.

0:56.3

Smart investors know being early is critical to success in crypto.

1:00.6

Coinless is where early adopters invest in, earn, and trade the best new crypto assets before they list on other exchanges.

1:07.0

You can try Coinless Pro and be first to trade on network launches.

1:11.1

You can sign up via Coinlist.com slash pomp.

1:15.6

Again, coinlist.com slash pomp.

1:19.7

You'll earn $10 after you trade your first $100.

1:24.0

That $10 will be paid in Bitcoin.

1:26.8

So you can go and check out the full featured spot

1:29.9

exchange, Coinless Pro, where you can trade the best new assets in crypto. And if you trade

1:36.3

$100, they will give you $10 in Bitcoin. Smart investors know being early is critical to

1:42.8

in crypto. And CoinList is helping

1:46.5

you to be early. So go check out CoinList Pro. You can go to CoinList.com and get started

...

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