Foundry Digital Partners with Compass Logistics for Enhanced Operations in a Dynamic Market

Foundry Digital's Strategic Move with Compass Logistics

In a significant development within the logistics and technology sector, Foundry Digital LLC, a subsidiary of Digital Currency Group (DCG), has chosen to transfer its logistics operations to Compass Logistics & Marine (CLM). Effective January 1, 2025, this transition underscores a robust partnership that has existed for several years between the two companies. Foundry, renowned for focusing on digital asset infrastructure, is poised to enhance its operational efficiency while allowing CLM to establish its new division, CLM Tech.

A Partnership Built on Trust

Since 2019, CLM has been a pivotal ally for Foundry, significantly contributing to its growth by managing logistics challenges and ensuring compliance with regulatory standards. This partnership has enabled Foundry to scale its operations efficiently, navigating the complexities of international shipping amidst fluctuating market conditions. The decision to consolidate logistics under CLM was driven by the mutual understanding that both organizations would benefit from focusing on their core strengths while providing uninterrupted services to their clientele.

Introducing CLM Tech

As part of this transition, CLM has launched CLM Tech, specifically designed to cater to the logistical demands of the technology sector, particularly digital asset miners. This new subdivision reflects CLM's commitment to adapt and refine its logistics solutions, enhancing service quality for Foundry’s existing customer base. The onboarding process for Foundry Logistics clients began in January, ensuring a seamless shift without any disruptions.

Ryan Boyle, SVP of Mining Operations at Foundry, commented on the strategic move, emphasizing, "CLM has been an integral part of our logistics strategy for years. This transition allows both companies to operate with even greater efficiency. By aligning with CLM Tech, we are ensuring our customers receive world-class logistics support from a team well-versed in our industry's unique challenges."

Enthusiasm from CLM's Leadership

Danny James, the Founder and CEO of CLM, expressed his excitement about this new chapter, stating, "We are thrilled to expand our services through CLM Tech and continue supporting the digital asset sector with specialized logistics solutions. Foundry has been a fantastic partner, and we look forward to leveraging our resources to enhance the efficiency and security of moving essential infrastructure for digital asset miners and technology firms."

About Compass Logistics & Marine

CLM, located in Fort Lauderdale, is a veteran-owned logistics firm that specializes in customs brokerage, trucking, warehousing, and comprehensive import/export services. Through its global network, CLM delivers customized and compliant logistics solutions tailored to specific sectors, backed by certifications including IATA and FMC.

About Foundry Digital

Foundry Digital operates at the forefront of the crypto economy as a provider of decentralized infrastructure. The Rochester, NY-based company delivers cutting-edge enterprise software and services for Bitcoin miners across the globe, addressing the need for improved access, efficiency, and transparency within the digital asset landscape.

In conclusion, this strategic partnership and the formation of CLM Tech signify not just a realignment of logistics operations, but a forward-thinking approach to meet the evolving needs of the digital asset sector, reinforcing the commitment to service excellence and operational integrity.